Over 80 business students from leading universities across Canada, including the University of Alberta, University of Toronto, Queen's University and Wilfrid Laurier University, came together in Halifax recently for the Canadian Venture Capital Investment Competition (VCIC). The day-long competition held on March 1, 2024, allowed students to immerse themselves in the role of venture capitalists and demonstrate their abilities in planning and execution while gaining valuable real-world insights.
“Hosting this divisional VCIC provides Canadian university students with the opportunities to participate in the world of venture capital, connecting with entrepreneurs and venture capitalists within the ecosystem. We are thrilled to nurture a supportive environment for entrepreneurial talents poised to make contributions to the evolving landscape of venture capital and innovation,” says Michael Sanderson, Director of the Arthur L. Irving Entrepreneurship Centre.
This year marked the fourth iteration of the Canadian competition, a staple event held annually at the Sobey School of Business. The competition evaluates participants based on their thorough preparation and strategic implementation and offers a dynamic platform for students to delve into the nuances of venture capital investment. By engaging in simulated investment scenarios, students are challenged to make crucial decisions under pressure, replicating the scenarios faced by actual venture capitalists.
The 2024 winners in the graduate category are the team from the University of Waterloo MBA program, who secured the top spot and $1,000. A group of undergraduate students from the University of Waterloo secured first place in the undergraduate category with a prize of $500.
The two winning teams will compete at the 2024 VCIC Global Finals on April 12-13 at Chapel Hill, NC, USA.
Saint Mary’s University continues to solidify itself as a dominant force in the realm of university venture capital. While SMU students are excluded from competition in the Canadian division, they compete in the Northeastern Division of the Venture Capital Investment Competition against U.S. universities, frequently placing in the top ranks in both graduate and undergraduate categories.
Read more about SMU’s recent success in Boston: Students excel in Venture Capital Investment Competition.