A team of finance students from Western Connecticut State University’s Ancell School of Business took top place at the state level of the Venture Capital Investment Competition (VCIC) on Dec. 11 and will compete in the finals in January. The WCSU team will face teams from such schools as Johns Hopkins, University of Chicago and Georgetown University.
Sponsored by the Entrepreneurship Foundation, the state competition invited finance students and students interested in equity investment from Connecticut colleges and universities to participate. Students were challenged to allocate $100,000 among business plan finalists in a separate competition, the CT Business Plan Competition. This is the first year the VCIC was open to students, and competing teams were from Western and Quinnipiac University.
The WCSU team — comprised of finance majors Zachary Goodwin of Brookfield, Thomas Chin of Sandy Hook and Domenic Bartolomeo of Brewster, New York, led by WCSU Assistant Professor of Finance Dr. Carol Huang — will now be challenged to evaluate post-revenue companies seeking venture capital in the upcoming event.
“These three students have worked very hard since early fall preparing for this competition,” said Huang. “We are very proud to see that our students are capable of synthesizing what they learned in the program and applying them in practical use without formally taking a course in Venture Capital.”
For more information, contact the Office of University Relations at (203) 837-8486.