[photopress:wharton_logo.jpg,full,alignright]Each year they hold the Wharton Business Plan Competition in which MBAs show how they would work in the real world. To get into the competition you need to be very, very good. To become one of the eight finalists you are probably a world beater.
If the finalists in the 2006-2007 Wharton Business Plan Competition —the “Eight Great,” as they are collectively known — were chosen from a field of 151 teams; any team that included a Penn/Wharton student could participate.
At the finals, the teams were given 20 minutes to present the highlights of their plan and to answer questions from the panel of judges.
The entrant representing, as it were, China was Nantronics. The company is all about flash-memory integrated circuits that can operate at lower power and with much higher density than comparable existing semi-conductors. hese circuits to be targeted at the fast-growing consumer market of China.
In fact, as it was being prepared for the contest it became an actuality as a joint venture that has teamed Silicon Valley electrical engineer Frank Shi with Wharton MBA candidate Katerina Chi.
This start-up already has an office in Shanghai and an agreement with a leading semi-conductor foundary, SMIC.
Frank Shi told the judges that ‘flash memory is the fastest-growing sector of the global integrated circuit market,’ and China is the hottest area within that sector. In a sense, this team has already won the prize.
Source: Knowledge Wharton