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Student Scott Baron a Finalist in the 2004 Global Social Venture Competition

4/29/2004 --

Business plan focuses on the design and build of distributed generation microgrids in developing countries.

ANN ARBOR, Mich. – Corporate and Environmental Management Program student Scott Baron was a finalist for the best overall business plan at the 2004 Global Social Venture Competition (GSVC). His plan, titled Developing Power, focused on the design and build of distributed generation microgrids in unelectrified areas of developing countries.

The GSVC, begun in 1999 as a student-led initiative at the Haas School of Business, has grown into a partnership with Columbia Business School, London Business School and the Goldman Sachs Foundation. With a shared vision to change the way business measures success, the GSVCs goal is to support and promote the creation and growth of successful social ventures, which are defined as enterprises that have both financial and social goals integral to their purpose. The competition provides a global forum for entrepreneurs to showcase their plans and for investors to support groundbreaking social ventures.

This year, a record number of 129 business school teams from around the world competed, creating businesses that incorporate both financial and social bottom lines. After two rounds of judging, Baron and nine other finalists competed in the final competition at London Business School on April 16. Last year, Baron earned first place in the Social Return on Investment category. The Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies worked with Baron on developing his plan and preparing for the competition.



For more information, contact:
Mary Jo Frank
Phone: 734.647.4626
E-mail: mjfrank@umich.edu