Welingkar students from India win prize for new business ideas
Higher Education

Welingkar students from India win prize for new business ideas

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Students of Welingkar Institute of Management Studies outshone leading B-schools of India. We School students bagged the first prize for their outstanding performances in the next generation business leaders' competition organized by the Rotary Club of Bombay and Mega Ace Consultants held at the Taj Group of Hotels, Colaba on the 14th of December, 2010. Standing out amongst the city's ten management colleges, PGDBM students of the Business Design course at Prin LN Welingkar Institute of Management Studies showcased their talent in the competition on 'The Energy Challenge Problems and Prospects' and the Role of green sources meeting India's demand'.  Along with 'Welingkar Institute of Management Studies' the other four colleges that competed in the finale were JBIMS, NMIMS, Shailesh JMehta Institute of Management Studies and Vivekanand College.

The students of 'We School' who bagged first place were felicitated with cash prize of `25,000 and it has been the second year in a row that 'We School' students have bagged the prestigious Mega Ace prize. Last year the students had bagged second prize for a similar competition organized by Rotary Club of Bombay and Mega Ace. Subsequently the runners-up of this year's competition are NMIMS and Jamnalal Bajaj Institute of Management Studies. They were also felicitated by the Rotary Club of Bombay and Mega Ace Consultancy. Dr Poonam Kumar Chairman of Mega Ace Consultancy said, 'The objective of this competition was to fill the gap between supply and demand energy using green resources. Since inception our focus has been on research which can be achieved by exploring the talent from B-schools. Our aim has been to help international trade affairs.' Dr Poonam Kumar also applauded the talent of the students of We School. She said, 'The institute has always showcased talent of high calibre supported by creative attributes.' The award winning project of 'We School' students involved a unique business model whereby the students highlighted the role of carbon credits to increase green energy and enhance living conditions of people in rural areas. The students felt that the concept, if implemented, would be cost effective and would also allow for remote areas to be supplied with electricity.

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