“Our team showed remarkable ability to think 'out of the box' producing an extremely innovative solution to the challenge of launching this early stage company," Davies said. “I’m proud of how the Babson team responded to the intense competition, working together with each member making valuable contributions to the end product.”

From an original field of twenty teams, four teams were selected for the final round: Babson College, the University of North Carolina at Chapel Hill, the University of Washington, and the eventual first place winner of the competition, the Chinese University of Hong Kong. Twenty leading undergraduate business schools from the US, Canada, South America, Asia and Europe, competed. In alphabetical order, they are:

Babson College

BI Norwegian School of Management

Case Western Reserve University

Concordia University

Georgetown University

Hong Kong University of Science and Technology

Indiana University

Purdue University

Queen’s University

Simon Fraser University

Thammasat University

The Chinese University of Hong Kong

The University of British Columbia

The University of California - Berkeley

The University of Edinburgh

The University of Hong Kong

The University of North Carolina at Chapel Hill

The University of Southern California

The University of Texas at Austin

The University of Washington