Only two universities have had the privilege of opening and closing the NASDAQ stock exchange in New York City, but on August 18 the University of Manitoba became the third.
Glenn Feltham, the Dean of the Asper School of Business, alongside staff and students from the Asper MBA and undergraduate program rang the closing bell on August 18 to celebrate the Stuart Clark Venture Challenge, an Asper School of Business student competition with a track record for helping launch multimillion dollar ventures. The winner of the competition, from Boston University, will also preside over the closing of the trading day.
Only the University of Manitoba Asper School of Business, Rice University and University of Texas at Austin, have had the privilege of opening or closing trading because of each school's respected business competition.
"We're in very good company," said Rob Warren, I.H. Asper executive director for entrepreneurship at the Stu Clark Centre for Entrepreneurship. "We are among the North American elite."
The University of Manitoba's Stuart Clark Venture Challenge is named for entrepreneur and alumnus Stuart Clark who graduated in 1976. It has become the largest graduate level business plan competition in Canada in terms of number of teams. This year 24 teams from the world's best business schools including the Asper School competed for the title and more than $40,000 in cash and prizes, and the right to close the NASDAQ exchange.
Watch the event by clicking here!