Sobey School of Business MBA ranks #8 in the world for sustainability
The Sobey School of Business is eighth in the world for sustainability, according to the recently released Corporate Knights Better World MBA ranking.
The eight place finish marks the highest ranking yet for the Sobey School of Business at Saint Mary’s University. The school attributes its success to the way sustainable development and ethics are deeply embedded in its courses, the strong ethnic and gender diversity of its student and faculty, and the faculty’s extensive research on sustainability themes. Corporate Knights assessed 141 business schools across 25 countries for its rankings.
“Placed as we are here on the east coast of Canada, the impacts of climate change are strongly felt. At the same time, our province is a leader in immigration, and has a deep history in co-operative and alternate business models. We understand how important sustainability must be in business today,” noted Dean Harjeet Bhabra. “We are proud of our faculty’s strengths in international research and ethics, and the growing expertise in social enterprise development at Saint Mary’s, which have helped us achieve this recognition.”
The Sobey MBA program ranked second in Canada, with Schulich, at York University, placing first nationally. Warwick University in Exeter, UK, was ranked first in the world
Corporate Knights introduced two new metrics to this year’s ranking: the gender and racial diversity of graduate business department faculty. Such diversity can influence student perception of what leadership looks like, and means that business schools can model meaningful standards for more diverse corporate boards and management.
According to Corporate Knights, The University of Connecticut's School of Business and the Sobey School of Business at Saint Mary’s University in Halifax led the way on racial diversity with 51 percent of faculty identified as visible minorities.
Participating schools were graded on five indicators: the number of institutes and centres dedicated to sustainable development; the percentage of core courses that integrate sustainable development; faculty research publications and citations on sustainable development themes; and faculty gender and racial diversity.
In 2014, the Sobey school’s faculty unanimously voted to become signatories to the United Nations’ Principles for Responsible Management Education initiative (PRME). A central part of this commitment is a pledge to advance the UN’s Sustainable Development Goals.
For Saint Mary’s and the Sobey School, the ranking was helped by research and work conducted through the school’s centres: the Atlantic Research Group on Economics of Immigration, Aging and Diversity, the new International Centre for Co-operative Management, the Centre for Leadership Excellence, the David Sobey Centre for Innovation in Retailing and Services, and the Centre of Excellence in Accounting and Reporting for Co-operatives.
Saint Mary’s University celebrates the new Viola Desmond Bursary
African-Nova Scotian students attending Saint Mary’s University will soon have more support available to them as a result of a newly established bursary.
The Viola Desmond Bursary was announced on November 8, the date of Viola’s heroic anti-discrimination action in 1946. The bursary is fully-endowed and will be given out every year to full-time African-Nova Scotian students at Saint Mary’s.
“At Saint Mary’s, community is at the heart of what we do. We are very proud to be part of commemorating Viola Desmond, and to have a financial award named in her honour,” said Dr. Malcolm Butler, Vice-President, Academic and Research. “This award will assist generations of African-Nova Scotian entrepreneurs attending Saint Mary’s on their path to success.”
The initial award amount will mark the year of Viola Desmond’s anti-segregation action, 1946, with students receiving $1,946. While this award is not renewable, it may be awarded to the same student more than once.
While preference for the bursary will be given to students in the Sobey School of Business, the bursary may also be awarded to students in programs featuring entrepreneurship. Preference will also be given to female students from Halifax County. Students must also have a financial need.
This award was established with the permission of the Desmond Family and through the generosity of The Honourable Wilfred P. Moore, Q.C., LL.D., and Ms. Jane Adams Ritcey.
“Viola Desmond has been very good to our city, our province and our country,” said Senator Wilfred Moore. “My family is very pleased to assist Saint Mary’s University in this most noble virtue—the transfer of knowledge. We do so in keeping with the bedrock tradition of Saint Mary’s, offering a hand up.”
Spark Zone recognized as World’s Best in Entrepreneurship Skills
The Spark Zone, a sandbox to foster social innovations and business ideas, has been recognized as the world’s best in enterprise and entrepreneurship skill-building.
The staff of the Spark Zone accepted the award in Houston, Texas from the International Education Business Partnership Network. The IPN Global Best Awards was held October 17 through 19 at the Houston Space Centre.
“This award recognizes Spark Zone’s success in supporting students to learn about entrepreneurship through not only academics but also by introducing them to our great mentors and networks,” noted Jason Turner, Spark Zone manager. “This global award is an endorsement of our ability to guide students in creating viable businesses. We are really proud of the programs and initiatives we’ve introduced in Nova Scotia’s post-secondary institutions.”
Spark Zone is a partnership between Saint Mary's University, Nova Scotia College of Art and Design, Nova Scotia Community College, Mount Saint Vincent University, the Atlantic School of Theology and University of King's College, with Saint Mary's serving as the host institution. The Spark Zone is funded by the Nova Scotia Department of Labour and Advanced Education.
“Nova Scotia’s unique mix of industry and academia, and the ease with which the two come together, is what makes our innovation story compelling,” said Hon. Labi Kousoulis, Minister, Labour and Advanced Education. “The Spark Zone is a great example of innovation in action, and I’m pleased to see it recognized internationally for its leadership.”
The Global Best Award submissions are evaluated on how well the programs deliver the following criteria:
• Enhanced employability
• Extent of experiential learning
• Knowledge transfer of employability skills
• Youth involvement in design and operation of the partnership
• Replicability of the partnership
• Recognition of excellence
The competition includes other entrepreneurship centres and service providers from across the world with winners from six regions attending the conference.
About the Spark Zone
Utilizing physical and virtual spaces, The Spark Zone brings together students and community members to create, develop and ultimately launch business ideas and social innovations. Partners at Saint Mary’s University, NSCAD University, Mount Saint Vincent University, Nova Scotia Community College, University of King’s College, and the Atlantic School of Theology provide opportunities for people to connect and then nurture those connections as ideas become reality.
Fall 2018 Convocation Photo Review
Saint Mary’s students make their first venture capital investment in international travel start-up
Saint Mary’s University’s Venture Grade Fund, a student-raised and led venture capital fund, is making its first investment, $15,000 to travel start-up Trip Ninja.
Trip Ninja is a travel-planning software for use by online travel retailers such as Expedia or Priceline. When retail customers are booking plane trips to several different places, Trip Ninja helps online travel retailers find the best price. This multi-destination platform finds the best way to book the trip, whether travellers are flexible in their route or if they need to visit destinations in a particular order.
“It has been great working with Saint Mary’s University’s Venture Grade Fund, and seeing the confidence they have in our product,” said Trip Ninja Co-Founder, Andres Collart. “Saint Mary’s has helped us through reviewing aspects of our business with their MBA students who have a firm grasp on entrepreneurship and innovation. It’s been great working with an organization who is committed to helping start-ups and entrepreneurs have success.”
The Saint Mary’s University Venture Grade Fund is a student-raised and run venture capital fund and the first student-raised venture capital investment fund in Canada in which the students raise the capital. Their fund is operating at about $200,000 currently.
The team seems to have chosen well as the fledgling travel tech company has attracted notable local, national and international investors, including East Valley Ventures, Innovacorp and other investors experienced in the travel industry. Innovacorp is also a supporter of Saint Mary’s University’s Venture Grade Fund’s assessment of Trip Ninja, and provided Venture Grade with half the capital required for their investment.
The team’s faculty advisor and mentor is venture capital expert and SMU professor, Dr. Ellen Farrell.
“This is a win-win-win situation,” said Farrell. “Venture Grade’s donors and partners like Innovacorp get to offer students an unparalleled experiential education experience, the students get the benefit of raising the capital and conducting due diligence, and the start-up spends the investment thus supporting their business.”
Should the company experience a successful exit, meaning if they are purchased for a large sum, the investors, including Venture Grade, will receive a payout scaled to the purchase. Any returns made on Venture Grade’s investments are returned to Venture Grade, the student fund.
The fund was started by students of Dr. Ellen Farrell at the Sobey School of Business at Saint Mary’s University in fall 2016, with a connection to Silicon Valley’s C100 group, Boston’s Canadian Entrepreneurs in New England, and initial support from Innovacorp. It has expanded to include members at other Atlantic universities including Acadia University, Dalhousie University, and Memorial University.
“Sobey School of Business and Saint Mary’s University are proud to offer students the opportunity to experience the risks and rewards of investing,” said Dr. Harjeet Bhabra, dean of the Sobey School of Business at Saint Mary’s University.
“With the School’s strengths in finance and entrepreneurship, the Venture Grade Fund could only have been created here. We’re proud to continue making an impact on our region and on the entrepreneurial ecosystem.”
Premier Stephen McNeil on campus to congratulate Enactus team on the success of the Square Roots food token program
Premier Stephen McNeil came to Saint Mary’s recently to congratulate Enactus team members on the success of the Square Roots food token program, as they prepare for a national competition. Enactus is a global student organization focused on addressing social issues through entrepreneurship. A total of 38 students are heading to Toronto next week to compete in the Enactus Canada National Exposition.
The Province of Nova Scotia recently supported Saint Mary’s work in entrepreneurship when it announced an $11 million investment for the creation of the Entrepreneurship, Discovery and Innovation (EDI) Hub on campus.
Graduate student team recognized for creativity at international competition
The Saint Mary's team
A group of four Saint Mary’s University students from the MBA, Master of Finance and Master of Applied Health Science Research programs have received a specially created prize for best creative AI idea at the International Graduate Competition this week in Montreal.
Students Stuart Clow, Soheil Ahmadi, Felix Han and Maxwell Poole travelled to HEC with coach, Dr. Chantal Hervieux, to take part in the International Graduate Competition. Competing teams included the National Chenochi University, Queen’s University, Universidad de Deusto, and RMIT University (Australia).
Although the Saint Mary’s team did not move on to the finals, they received very positive feedback from the AI industry professionals in attendance, who instigated the creation of a special prize for the top AI idea specifically for the Saint Mary’s University team. The proposed solution takes aim at Montreal’s complex pothole problem through a unique coupling of AI construction planning and novel private financing. The students may be asked to keep working on their proposed solution with the City of Montreal.
As well, Stuart was recognized as Best Team Player, for outstanding collaboration.
To register, the IGC requires a cross-disciplinary team (no more than two students from an MBA program). The Saint Mary’s team featured a skill portfolio in international business, strategy, finance and IT.
Collaboration is a key to this competition: for part of the week, students were grouped into their skill vertical to learn from each other. They then regrouped as a team to incorporate what they learned.
Saint Mary's team wins ‘Distinguished Delegation’ award for their work at Model United Nations
On March 29, the Saint Mary's delegation to the National Model United Nations (NMUN) in New York City, won a ‘Distinguished Delegation’ award for their work representing Bulgaria.
NMUN is the world’s largest Model UN, and can trace its founding back to the League of Nations. It is the only Model UN that takes place in the actual UN headquarters in New York, and sees 5,500 students from more than 130 UN member countries.
“It’s an extraordinary opportunity for students,” says Political Science chairperson Dr. Marc Doucet, “to get this kind of real-world experience, and interact with students from around the world.” Since Saint Mary’s first delegation in 2003, more than 200 students have attended, making the conference an opportunity to build international connections and gain a greater global perspective. This year was the most international Saint Mary’s delegation yet, with 21 students attending, from Canada, India, the Bahamas, Saint Kitts, Japan, and the UK attending. They represented fields of study including Political Science, International Development Studies, Economics, Sociology, and Business.
“It really strengthens our delegation because the UN is not solely political,” says Abby Dooks, a Political Science and International Development Studies student. “It deals with everything from education to human rights to business to economics, so you need that diverse expertise to understand the topics.”
This year, students visited the Bulgarian Permanent Mission to the UN, and met with diplomats at Bulgaria’s permanent mission to the UN, to discuss current global affairs and issues.
Dooks was attending this year for the second time. “The highlights were different from last year—this year it was really seeing other students achieve the same milestones I did last year, especially those were might have been nervous. One friend of mine was worried all year, concerned that she wasn’t going to be able to speak in front of the entire room, and so a highlight for me was when she did her speech and was just amazing. Those are the moments that make these experience so worthwhile.”
SMUSA President Ossama Nasrallah recognized at Nova Scotia House of Assembly
Student entrepreneurs from across Canada at Saint Mary’s for business development conference
Pictured here are (l-r): event organizer Kaitlyn Touesnard; Dr. Patricia Bradshaw, Dean, Sobey School of Business; Andy Fillmore, Member of Parliament for Halifax; Michael Sanderson and Sarah Meany, both of the Sobey School Business Development Centre.
Andy Filllmore, Member of Parliament for Halifax, helped welcome more than 180 budding business owners to the Starting Point Entrepreneurship Conference running at Saint Mary’s from Feb 20-22. Student entrepreneurs have come from across Canada to develop their business ideas, learn from experts and vie for business funding.
The conference brings student entrepreneurs from post-secondary institutions and high schools from across the country together to work with entrepreneurs, CEOs and start-up experts. The students have the chance to work directly with the entrepreneurs to help bring their business ideas to fruition or grow an existing business. At the end of the conference, students have a chance to win cash investments for their businesses.
“Young entrepreneurs play a crucial role in growing the Canadian economy and, as such, help ensure our country’s long-term prosperity,” said Andy Fillmore, MP for Halifax, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA). “Giving this latest generation of innovators the tools they need to succeed is critical to building a strong and vibrant future for all Canadians. The Government of Canada remains committed to supporting business start-ups and creating jobs for the middle class and those looking to join it.”
This conference wouldn’t be possible without the support of the local business community, key partnerships and financial support. This includes an investment of more than $150,000 over two years from the Government of Canada through ACOA’s Business Development Program.
The conference is organized by the Saint Mary’s University Sobey School Business Development Centre (SSBDC). Over the past five years, SSBDC programs have provided opportunities to more than 4,500 students, allowing them to be engaged in curricular and extra-curricular activities.
To learn more about the Starting Point Conference visit www.startingpointconference.com.
Conflict resolution team heads to Northern Ireland
Saint Mary's President Dr. Robert Summerby-Murray (front-left), SMUSA President Ossama Nasrallah (second-centre),with the Saint Mary's University Conflict Resolution Society, and their Senior Program Coordinators
A record-setting team of 28 Saint Mary’s University students representing a cross-section of undergraduate and graduate students within the faculties of Arts, Science and Commerce are departing today for Northern Ireland to facilitate peace education workshops.
These students will begin working with elementary school children throughout Belfast, Northern Ireland, once they arrive.
This long-standing and unique experiential program is a remarkable collaborative effort, coordinated through Saint Mary’s University, Peaceful Schools International and the student-led Conflict Resolution Society.
Learn more about Saint Mary's role in conflict resolution in Northern Ireland: A conversation with Bridget Brownlow, President of Peaceful Schools International.