The University of New Mexico Anderson School of Management held its third annual Global Scaling Challenge April 14-15 virtually. In total, 21 student teams competed representing 17 institutions from across the globe, including universities from Asia, Europe and the United States.
Gold medal winners of $15,000 were the University of Denver (Colorado) and Menlo College (California) teams.
Three teams received silver medal prize of $10,000: Boston University Questrom School of Business (Massachusetts), Johannes Kepler University Linz (Austria), and Stevens Institute of Technology (New Jersey).
Four teams took home the bronze level prize of $5,000: Georgia College and State University (Georgia), Grenoble Ecole de Management (France), Stevens Institute of Technology (New Jersey) and Youngstown State University (Ohio).
Each of these highly trained student-led teams, mentored by faculty, competed in this real-life case competition and presented live in front of a panel of judges, including the three New Mexico firms, faculty, subject matter experts and community leaders.
The firms participating this year are three entrepreneurial and highly innovative companies based in Albuquerque, New Mexico: RS21, a woman-led data science company; Proof Labs, a minority-owned aerospace software company; and IDEAS Engineering and Technology, a company specializing in developing innovative and cost-effective solutions for defense and space industries.
By participating, these companies can leverage the fresh perspectives and innovative scaling advice provided by the student teams to gain a more competitive edge and overcome their business scaling challenges.
The teams were given two weeks leading into the challenge to research and prepare their scaling recommendations. Teams will have 10 minutes to present their recommendations, followed by 10 minutes for questions from the judges. Teams will complete three rounds of presentations in front of judges and their assigned firm.
This main event is the final round for the challenge. Preliminary rounds took place last month to establish regional qualifiers for the eastern and western hemispheres. The preliminary rounds co-sponsored by Rowan University/Stevens Institute of Technology and Johannes Kepler University/Grenoble Ecole de Management, respectively.
For more information or to register for the 2024 challenge, visit Global Scaling Challenge.