Students from the Sobey School of Business gained valuable real-world experience and excelled in the recent Venture Capital Investment Competition (VCIC) New England Regional Final held in Boston.
The graduate team, composed of students from the MTEI (Master of Technology Entrepreneurship and Innovation) and MBA programs, took home a top award. “Entrepreneurs and start-ups participate at these events and they determine the winners for Entrepreneurs Choice. Our team won due to their ability to communicate and connect,” says the team’s advisor, Brennan Daley of the Arthur L. Irving Entrepreneurship Centre.
Gurprit Singh, MBA student
“Being part of VCIC in Boston was a truly transformative experience for me, giving me a real-world view of venture capital, pushing my critical thinking ability and exposing me to the vibrant Boston entrepreneurial ecosystem,” says MBA student Gurprit Singh. “The experience is not just a competition, but a stepping stone into the dynamic world of venture capital, shaping my skills and expanding my network in venture capital.”
Saint Mary’s participates annually in the Global Venture Capital Investment Competition (VCIC), the world’s largest venture capital competition with over 120 university and graduate school teams competing. VCIC is the only place where students get to be VCs for the day, and startups get an immersion in the fundraising process. The SMU teams compete against U.S. universities in the Northeast region and are judged by their preparation and thoughtful execution as a VC firm.
Top (L-R): Sorav Sogy, Ankit Mittal. Bottom (L-R): Shakkharatul Haque Mehad, Jacky Chiu, Shri Subramanian, Gurprit Singh, Sruthi Ganesapandian, Jack Poirier, Sidney Nuwahereza, Oscar Lu, Brennan Daley.
Sorav Sogy, BComm student
Bachelor of Commerce student Sorav Sogy says, “It's not studying; you're actively managing a Venture Capital (VC) fund as an associate. This involves making investment decisions, raising funds, attending conferences and building crucial relationships with entrepreneurs and VCs. You're making a real impact by working alongside industry leaders, facilitating co-investment deals, and learning directly from senior partners and associates at local VC firms. It’s as real as it gets.”
The university’s excellence in venture capital is well established through consistent winning performances in global competitions, expert faculty dedicated to mentoring students, and successful graduates who often pursue careers in this exciting field.
Mark Raymond, Interim Dean of the Sobey School of Business, notes that the teams from Saint Mary’s are the only Canadian teams competing at this elevated level against teams from prominent U.S. universities including Babson, Dartmouth and Notre Dame. “We are known for giving our students amazing opportunities. This is an example of how SMU students gain an entrepreneurial mindset and are equipped with the knowledge, insights, real work experiences and network to lead and make a positive impact.”
Saint Mary’s students, staff and faculty are paying it forward by hosting a national competition in Halifax in March for other Canadian teams who would otherwise not gain these lessons in entrepreneurship and innovation. "Hosting the Canadian regionals provides an opportunity for students from other schools to compete and engage with our vibrant entrepreneurial ecosystem," notes Daley.