Entrepreneurship, Media Release, Student Success, Alumni
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Sobey School of Business, Student Success, Sustainability
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Student Success

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Preparing students for the workforce, supporting entrepreneurship focus of new RBC-SMU partnership

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A new partnership between Saint Mary’s University and the Royal Bank of Canada (RBC) will create new co-operative education positions and expand entrepreneurial coaching, skill building and mentoring for Saint Mary’s students.

On Thursday, Feb.14, 2019, Saint Mary’s University and the RBC Future Launch Program announced the establishment of the RBC Talent Hub at the Saint Mary’s University Entrepreneurship Centre. The partnership is supported by a gift of $695,000 over three years from the RBC Foundation in support of RBC Future Launch. The new RBC Talent Hub will encompass four initiatives designed to expand cooperative education and entrepreneurship opportunities for Saint Mary’s students.

“As a national leader in business education, Saint Mary’s has a history of driving entrepreneurship and innovation,” said Saint Mary’s University President and Vice-Chancellor Dr. Robert Summerby-Murray. “Through this new partnership, we are looking to bridge the gap between the needs of our changing economy and what students are learning. Together with RBC, we can better prepare our students for the workforce and support the growth of Saint Mary’s as a key driver of entrepreneurial culture and success in our region.”

Chris Ronald, RBC Regional President, Atlantic provinces and Saint Mary’s University President and Vice-Chancellor Dr. Robert Summerby-Murray

Chris Ronald, RBC Regional President, Atlantic provinces and Saint Mary’s University President and Vice-Chancellor Dr. Robert Summerby-Murray

RBC Future Launch is a 10-year, $500 million commitment to empowering Canadian youth for the jobs of tomorrow. With a focus on networking, skills development, practical work experience and mental wellbeing supports and services, the initiative aims to help break down the barriers facing young people.

“Canada is at a transition point, economically, socially and technologically, and universities play an important role in positioning our country for tomorrow,” said Chris Ronald, RBC Regional President, Atlantic provinces.  “Our country’s future prosperity will depend on our young people and their ability to lead us forward, which is why we are so proud to help bring students high quality experiential learning opportunities through the RBC Talent Hub.”

The RBC Talent Hub Program will consist of:

•      Entrepreneur-in-Residence (EIR) program: rotating, nationally recognized EIRs who will coach and mentor students and help connect local entrepreneur-led businesses with co-operative education opportunities.

•      Entrepreneurial Mindset Success Certificate: multi-level skilled entrepreneurship training workshops for Saint Mary’s students.

•      Student Consultant Team: co-operative education students will run this self-led student consulting practice focused on the needs of entrepreneur-led businesses.

•      Talent Fund: fund student co-op placements in the region and support opportunities for students to grow their own business as part of a co-op term.

Gregg Curwin (BComm’90), the inaugural RBC Entrepreneur in Residence

Gregg Curwin (BComm’90), the inaugural RBC Entrepreneur in Residence

Chris Ronald also announced the inaugural RBC Entrepreneur in Residence.  An innovative alumnus and industry disruptor with decades of business experience, Gregg Curwin (BComm’90) is the director, and former president & CEO, of TruLeaf Sustainable Agriculture, a company that has created an indoor farming system to grow fresh plants for food and medicines. In his advisory role as EIR, Curwin will work within Saint Mary’s University Entrepreneurship Centre to coach and mentor students and help to build relationships with regional entrepreneurs.

“I am thrilled to be a part of this partnership between Saint Mary’s and RBC,” said Curwin. “This type of forward-thinking approach is exactly what is needed to prepare students for the demands of the workforce and the opportunities they have before them as business leaders and entrepreneurs. Some of the most important things I learned about being an entrepreneur came from my mentors. Being able to share my knowledge with the next generation, and pay it forward, is an incredibly rewarding experience.”

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Two years in a row of podium finishes for Saint Mary's venture capital students

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For the second year in a row, a team of students from the Sobey School of Business took second place in the Venture Capital Investment Competition (New England region), held in Boston.

In early February, the Saint Mary’s students joined teams from Cornell University, Babson College, New York University, Tufts University and Southern Connecticut State University to show their venture capital expertise.

The way the competition works is that two days before the event, teams receive pitch decks from startup companies. The teams are given 38 hours to learn as much as they can about the presenting startups. Then they arrive at the competition, and it begins with the startup pitches. Teams receive 14 minutes of one-on-one time with each startup. Finally, teams have two hours to make an investment decision and submit their recommendations.

Cornell University, narrowly edged Saint Mary’s to take first place. In addition to finishing second place, Saint Mary’s Venture Grade took home the competition's only Entrepreneurs Choice Award, chosen by the startup entrepreneurs.

“The spread between 1st  and 2nd  place was 1.6%,” said Dr. Ellen Farrell, the faculty coach of the Saint Mary’s University Venture Grade Fund. “In the Boston event, there was an entrepreneur looking for $11,000,000 but who wasn’t committed to exiting so the team didn’t feel he met the fund thesis; and another father/son co-founding group offering a new type of incuabator to 3rd world countries that had yet to commercialize.  In picking Language I/0, SMU met the entrepreneur’s elevated valuation expectations with term sheet provisions.  There was a buzz in the room about the team’s defence when they were done.  Brilliant job.”

Competing in the competition were Kory Henn (Entrepreneurship), Emma Scott (Entrepreneurship), Jake Chambers (Entrepreneurship), Maxim Roy (Accounting) and Tahsin Fatin (Finance).

Congratulations on your great showing!

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Service Learning adds value for students and our community

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Students present their projects to residents during their final visit to Northwood’s Halifax Campus.

Students present their projects to residents during their final visit to Northwood’s Halifax Campus.

There was excitement buzzing in the lounge on the on the top floor of Northwood’s seniors home as residents awaited a presentation from Terry Goldsmith’s CSCI 3428 Software Engineering class.

The students took part in a Service Learning project, which combines course curriculum with community-based experiences. Their task over the fall term was to create inclusive software for residents of the long-term care facility in Halifax.

After speaking with residents and occupational therapists to discover their unique wants and needs, the students worked in groups to come up with concepts such as voice-activated software, messaging apps, and an online calendar for use in the facility. They then made modifications based on feedback from their clients.

“As a professor, and a continuing care assistant, I witnessed something truly amazing when this bright and energetic group of residents worked with my class of 30 software engineering students,” said Goldsmith.

“I saw software engineers taking on the role of continuing care assistant, and residents taking on the role of software engineer. They could learn together, because of the opportunity service learning provided,” he said.

Feedback from residents included suggestions to use voice-activated commands, face recognition capability, and requests for colours that work best for people with vision issues – black and yellow is a popular combination, explained Margaret Szabo, Director of Business Development at Northwood.

“Memos are also a useful feature, easing anxiety for people who have memory issues,” she said, adding that being able to complete any tasks in two clicks or less is also ideal.

“It’s amazing how quickly the students learn to take feedback, reflect, and change; there’s a big difference from when we started in September to the final presentations in November,” said Sarah Bray, Service Learning Placement Coordinator, Student Affairs & Services at Saint Mary’s.

Saint Mary’s students help Northwood resident Trudie Helmke.

Saint Mary’s students help Northwood resident Trudie Helmke.

Northwood resident Trudie Helmke was particularly impressed by the team that built a voice-controlled virtual assistant that they named Ellen.

When asked if she would use one of the apps if it were made available, Helmke said she would.

“I’ve been telling others about Ellen who would love to use it because they don’t want to keep spending money on [other similar products]… I’ve been spreading the word,” she said.

The benefits of service learning, the networking, and the connections with clients can last long after the courses end.

“It becomes real, you have to get out of the classroom and out of your comfort zone,” said Bray.

“These are skills that will serve these students in other classes and in future careers, while encouraging them to reflect on personal values, assumptions, and issues of social responsibility,” she said.

To learn more:

Service Learning opportunities for students
Service Learning Courses
Information for Faculty

 

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Saint Mary’s venture capital students invest in haircut house calls

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House calls for haircuts proved to be to be a cut above the competition and too good an investment to pass up for Saint Mary’s University’s Venture Grade Fund. They are investing $15,000 in Cribcut, an online booking service that connects consumers with top hair stylists that bring the salon to them.

“Cribcut has a novel business model that we are proud to support,” said Saint Mary’s student and Venture Grade Associate Emma Scott. “We are confident in David’s lean startup methodology and experience as a serial entrepreneur who’s exited three past ventures and one in Silicon Valley. Cribcut is positioned to be a major disruptor in the beauty industry.”

Cribcut was co-founded by serial entrepreneur David Howe, who has built and deployed a software-enabled marketplace for hairstylists. Cribcut's solution helps stylists become travelling hairdressers - providing clients with haircuts, colors, and styles at their homes and offices. Cribcut's software solution helps stylists with bookings, travel optimization, payments and ratings. Cribcut also facilitates new client introductions for stylists. Bookings can be made through their online booking app with on-demand appointments available.

 "We're happy to welcome Venture Grade as one of our investors,” said David Howe, the Chief Executive Officer with Cribcut. “We're confident that this investment will help us continue growth and product development and set us up for further funding over the coming months. We look forward to a mutually beneficial partnership with Venture Grade and welcome them with open arms to our growing team."

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 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.

The fund was started by students of Dr. Ellen Farrell at the Sobey School of Business 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.

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Saint Mary's home to YMCA Peace Medal winner and champion for peace

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Representatives from Saint Mary’s University recently participated in a conference on peace in Northern Ireland. The conference, “Twenty Years of Peace: Progress and Possibilities in Northern Ireland,” took place at Yale University on November 29 and 30.

The symposium brought together academics, community leaders, politicians and architects of the Belfast/Good Friday Agreement, which in 1998 marked a formal end to the conflict in Northern Ireland.

“Our Northern Ireland Peace Education Program has existed for 14 of the past 20 years since the Good Friday Agreement,” notes Bridget Brownlow, SMU’s Conflict Resolution Advisor and President of Peaceful Schools International.  

She and Dr. Robert Summerby-Murray, President and Vice-Chancellor of Saint Mary’s, attended as invited discussants at the symposium on Yale’s campus in New Haven, Connecticut. Dr. Summerby-Murray’s academic research and teaching interests include cultural and historical geography in Northern Ireland; and he has been a strong champion for SMU’s collaboration with Peaceful Schools International, as well as experiential learning and global engagement.

Brownlow, who recently received the 2018 Peace Medal from the YMCA of Greater Halifax/Dartmouth in November, was also part of a public panel session. Her session at the Yale event , “The Future(s) of Northern Ireland,” was chaired by Dr. Richard N. Hasse, an American diplomat long involved in efforts toward Northern Ireland’s peace process.

Participants included Simon Coveney, Tánaiste (deputy head) of the government of Ireland; Karen Bradley, British MP and Secretary of State for Northern Ireland; General John de Chastelain, a member of the International Advisory Board for Peaceful Schools International; and others.

“My role was to speak to the unique and progressive nature of our peace education programming, whereby we are sharing the same peace education resources locally as we are with children in Northern Ireland,” says Brownlow.

“We have 14 years of very positive relationships with educators and more than 20 primary schools in Belfast, and those relationships are as strong as ever. It’s not unusual to hear people there say ‘the world has forgotten about us’. It’s always very reassuring that they know we at Saint Mary’s University and Peaceful Schools International have not forgotten about the people living in a post-conflict Northern Ireland.”

Saint Mary’s is also keen to continue a working relationship with researchers at Yale in relation to peace education. Brownlow and Dr. Bonnie Weir, a political science professor at Yale, are looking at ways for the two universities to collaborate.

Last month, with support from SMU and SMUSA, Peaceful Schools International launched three new storybooks written and illustrated by three Halifax junior high students. The resource books will be distributed to elementary schools in Nova Scotia and during the next SMU visit to Northern Ireland in February.

The books have generated a great deal of interest – more detail can be found in these recent media reports:

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Sobey School of Business MBA ranks #8 in the world for sustainability

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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.

See Corporate Knights' full top 40 here.

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Saint Mary’s University celebrates the new Viola Desmond Bursary

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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.”

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Spark Zone recognized as World’s Best in Entrepreneurship Skills

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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.

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Fall 2018 Convocation Photo Review

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Saint Mary’s students make their first venture capital investment in international travel start-up

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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.”