Media Releases

Indiana University wins venture capital competition held at the Rotman School

March 6, 2013

TORONTO, ON – A team from the Kelley School of Business at Indiana University won the Northeast Regional of the Venture Capital Investment Competition (VCIC), an international event for MBAs to learn about venture funding.

Six teams participated in the regional final in which teams of MBA students played the role of a venture capital firm that must go through the entire VC investment process by interacting with real entrepreneurs while being judged by venture capital funders. The event was organized by the Rotman Entrepreneurship & Venture Capital Association (REVCA) and held at the University of Toronto’s Rotman School of Management on March 2. Teams from Harvard Business School, Yale School of Management, Cornell University, University of Michigan and University of Rochester also participated.

“The Northeast Regional VCIC was a great way of showcasing our school’s commitment to entrepreneurship and venture capital. Being able to host six top MBA schools helped our REVCA members learn from the event,” said Chris Siemieniuch, MBA’13, President, Rotman Entrepreneurship & Venture Capital Association.

Judges for the Rotman event included: Brendan Calder, Entrepreneur in Residence, Rotman School; Tom Corr from the Ontario Centers of Excellence; TJ Machado of Angel One Network; Jordan Mayes of Extreme Startups; Sunil Selby of Trellis Capital; and, Joseph Orozco, adjunct professor and director of The Hatchery at the U of T’s Faculty of Applied Science and Engineering.

The winning team will join the winners of nine other regional finals from the United States, Asia and Europe at the international finals at the UNC Kenan-Flagler Business School on April 11.

Last month on February 9, REVCA hosted the annual Rotman Venture Capital Investment Competition. A team of students from the Rotman Evening MBA program, with members Jonathan Aune, Ronald French, Raeid Saqur, Soumik Sen and Saad Syed, won the event and went on to the Mid-Atlantic Regional VCIC at New York University on February 22 where they placed outside of the top three.

Further information on VCIC is online at

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Ken McGuffin
Manager, Media Relations
Rotman School of Management
University of Toronto
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