Word: businessness
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The contest is representative of the Business’s School focus on entrepreneurship, wrote Business School spokesman James E. Aisner ’68 in an e-mail.
"A lot of students in the past thought long and hard about whether they should go to Wall Street or consulting—where the dollars, frankly, are attractive—versus take the risk of starting their own venture," Business School Lecturer Michael J. Roberts ’79...
Oscomp Systems, which plans to commercialize a natural gas compressor that they claim will revolutionize the energy market, won in the competition’s Business Venture Track.
This year, the competition also included an Alumni Venture Contest in which seven Harvard Clubs from around the world selected business plans submitted by regional alumni. The winning alumni plan, Sundaram Medical Devices, will market inexpensive and more technologically advanced hospital beds to Indian medical facilities.
"Entrepreneurship is the best form of business, I think all the students want to own our own business," Agarwal said. "The people who are actually doing entrepreneurship are considered the cowboys, because they’re jumping off the cliff instead of taking a more secure job."