European Business Plan of the Year Competition

The ALBA 'MILKLAND SA' student team, selected to represent ALBA at the 2002 European Business Plan of the Year Competition, held on June 10-11 at INSEAD, France, has made it to the finals, among London Business School (UK), INSEAD (France), WHU Koblenz Business School (Germany), Imperial College (UK), and EM Lyon (France). It is the second consecutive year that an ALBA student team gets among the finalists of this high caliber European entrepreneurship event. The publicity that was given was extended both in Greece and abroad. The Wall Street Journal (European Edition) interviewed the MBA participants and published a related article in the edition of Tuesday, June 18, 2002. It is the first time in ALBA's history that the School appears in the Wall Street Journal. The same article, entitled ''New MBAs Aim Lower In Gloomy Economy'', has also appeared on Wall Street Journal Online, Career Journal Europe.

The 'MILKLAND SA' team of Gela Adeishvili, Christos Alevizos, Efterpi Effraimidi, Nikoloz Grdzelidze, and Kosmas Nikolaidis, made an outstanding impression at the Competition, by presenting a solid and innovative business plan for the establishment of a new venture in Georgia for the production of fresh pasteurized milk.

The 2002 awards were received by:

First Prize: WHU Koblenz School of Management
First Runner-Up: INSEAD
Second Runner-Up: London Business School
The Prize for Innovation: The Management School, Imperial College

The other 12 competing Business Schools for 2002 were:

Cranfield School of Management
Stockholm School of Economics
INSEAD
WHU Koblenz School of Management
Rotterdam School of Management
IESE Barcelona
The Management School, Imperial College
Helsinki University of Technology
SDA Bocconi
IMC Budapest
London Business School
EM Lyon

The ALBA faculty and staff wish to congratulate the 'MILKLAND SA' team for their hard work, enthusiasm and commitment.

ALBA has the honor to announce that the 2004 European Business Plan Competition will be hosted by ALBA in Greece.