June 10, 2004
Vol. 23 No. 18

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    Nothing ventured, nothing gained

    The Polsky Center for Entrepreneurship at the Graduate School of Business held its annual Edward L. Kaplan New Venture Challenge business competition Wednesday, May 26. The competition offers students a chance to create and present business plans to a panel of 16 judges, consisting of venture capitalists and entrepreneurs. (Above, left to right) Chicago GSB students Ana-Maria Nicolau, Dhiren Jhaveri and Robert Durden took first place for their company Midway Pharmaceuticals, a biotech firm that attempts to commercialize preventative treatments for necrotizing enterocolitis and inflammatory bowel disease. The first-place team won a $15,000 prize, while the two teams that tied for second place each won $10,000. In the eight years since the New Venture Challenge was founded, over 25 teams have gone on to create operating companies.