Video: Cherry blossoms in full bloom on UW Seattle campus

It’s a cruel joke. Cherry blossoms are at their peak over spring break when students have fled the campus for vacations and a little off-campus reprieve between winter and spring quarters.

Seattle wakes up each spring and begins teeming with outdoor activity in anticipation of longer days, warmer weather and fewer rainy afternoons. UW campus, in the heart of the Emerald City, is a foot-friendly space of natural and architectural wonder. We hope you find a little inspiration in this cherry blossom video.

The UW Foster School of Business is just a few steps from the quad and Yoshino cherry trees. Considering a business degree? Prospective students might find this an ideal time to visit the Foster School and check out life on campus. Visit the undergraduate or graduate program offices – Full-time MBA, Evening MBA, Executive MBA, Master of Professional Accounting – or just get a feel for life around the UW Seattle campus by walking around. Spring is a perfect time to stroll.

Featured minority business: Mundiali

Guest blog post by Rita Brogan, CEO of PRR

RitaBroganFeatured Minority Business: Mundiali
Bellevue, WA

Mundiali means “The World.” for Alex Agudelo it means a business vision that helps traditional business models move to innovative and environmentally-conscious ways of doing business. His business philosophy will inspire minority entrepreneurs who share his passion for the green economy.

He founded Mundiali in 2008 as a “triple bottom line” business that helps other businesses address their impacts on the environment while adding to their return on investment. Agudelo got the idea for his company several years ago when he first became aware of innovations in renewable energy, biofuels and water quality. “I knew instantly that this is the future for the economy—where business needs to go and grow,” said Agudelo.

Today, Mundiali’s  group of ten consultants help clients that include anything from technology companies to farmers—anyone who wants to make the transition to sustainability through energy consumption or other business practices. “Our assessments are refined, scalable and provide a great deal of intellectual property and wealth for clients,” said Agudelo.

The company’s biggest challenges have been developing a market presence and in obtaining financial backing. “It’s a fact that brand and name recognition is critical—people need to recognize the name and understand the value we bring before engaging us. Access to capital support is necessary to take our business to the next level. The Stimulus Package has yet to filter down to businesses like ours!”

Despite these challenges, he believes there is tremendous opportunity for minority-owned businesses to access opportunity in the green economy. “There is an abundance of opportunity for anyone who wants to play in the green economy,” said Alex. He adds, “You cannot waiver from your initial and original goal. Don’t give up. Forge forward. We are diving into a new economy and the field is yet to mature.”

Want to learn more? Visit www.mundiali.com.

Rita Brogan is the CEO of PRR, a public affairs and communications firm based in Seattle that is nationally recognized for its work in social marketing, public involvement, and community building. PRR is one of Washington’s 50 largest minority-owned businesses. Brogan was a recent recipient of the Foster School’s Business and Economic Development Center Asian/Pacific Islander Business Leadership Award. She will be writing the BEDC Brogan blog series twice a month, focusing on green economy issues with an emphasis on ways that businesses owned by people of color or women can create a competitive advantage.

Foster students return to Panama for spring break

This spring break roughly 29 University of Washington students, most from the Foster School, will descend on a mountain village in Panama to help the villagers there improve their farming business and hopefully rise a little further above subsistence-level farming.

The trip was set up by the Global Business Brigades, a nationwide student-led organization with a UW chapter. A dozen students are also getting course credits for the trip through the Foster School. The lead UW student organizers—Foster students David Almeida and Blake Strickland—said the team plans also to revisit a coffee plantation where 18 Foster students spent the 2009 spring break. Almeida’s group will evaluate the impact the students had on the coffee plantation and find out if the farmers have put into practice the team’s recommendations.

“All 29 of us are extremely excited for this chance to make a real and positive impact in the lives of people living in Machuca,” Almeida said. “Through working with the farmers, living in the village, embracing their culture, and making a difference, the next week will be sure to change our lives as much as theirs.”

This year, the team will spend most of their spring break on the Machuca Farm located in the Cocle province, roughly three hours from Panama City. The farm is a 25-minute hike from the end of the nearest roadway. The community has about 800 inhabitants, but the farm group that the students are focusing on has 14 members and supports roughly 35 people. The farm grows yucca, plantain, rice, beans, corn and other crops and also raises chickens, goats and fish in a pond.

In the team’s trip preparations, the undergraduates identified four main areas where they hope to have an impact—processing chickens, bread making, goat milk products and organic products.

Almeida and several other team members plan to post updates on this blog. Stay tuned.

First legislative visit: a student’s perspective of minority business policy

Guest blog post by Caroline Gabriel, Foster undergraduate student

Caroline Gabriel at WA State CapitolLegislature.  Am I the only one who cannot correctly pronounce the term? I looked it up and found it is pronounced “lej-is-ley-cher,” courtesy of dictionary.com. I mention this word for a reason. I am a student assistant at the UW Foster School Business and Economic Development Center (BEDC). Since coming to the University of Washington, I have had many amazing experiences.

One memorable experience transpired the morning of March 3 when I journeyed with my boss and BEDC Director Michael Verchot to the marble steps of the state’s capitol to attend a hearing of the Washington State Legislature Community & Economic Development & Trade Committee. Here, Michael gave a speech on Washington small minority-owned businesses. He drew attention to some startling data from the U.S. Bureau of Labor Statistics—that while Caucasians have dealt with increasing rates of unemployment, minorities have dealt with outstandingly high rates for many years. With African-American unemployment rates at 7.8% in 2006 to 12.9% in 2009 and the Caucasian unemployment rate at 4.9% in 2006 and 8.8% in 2009, it represents a stark contrast. This fact seems to have been swept under the table of economic affairs recently. One thing the BEDC director was trying to convey was how existing policies address the problems of Caucasian businesses, such as high taxes and regulation red tape, but have failed to subscribe policies to the more prominent and recurrent problems within minority businesses.

Friendly legislators

Sitting from left to right were representatives Parker, Orcutt, Smith, Kenney (madam chair), Maxwell and Chase.  All dressed in business attire, some appearing happier than others. I always imagined representatives, any politicians really, to be boring, dry shells of government policy. I was proven wrong as I saw Representative Smith chatting away with a broad smile. Perhaps I had a misguided opinion of the people in power. It was interesting to listen to, after Michael’s presentation, a number of representatives quickly responding with very intellectual questions. I suppose you have to be intelligent and likeable to be a politician, but I was surprised by their excellent speech, even their perkiness.

Not-so-friendly questions

They asked very direct, yet sometimes infuriating questions. It was disheartening to hear them inquire why some data was not present and if BEDC could include it in its next report. The truth is that the economy, as the statistics describe, affects everyone. As a result, BEDC does not have enough funding to conduct such extensive surveys as the legislature would have liked. It seems meetings such as these would be more efficiently spent if the representatives asked beforehand what exactly they were looking for as far as numbers and statistics were concerned, rather than reprimanding the presenter about limited information after they have put much time and effort into their presentation.

Okay, I am done venting. As for the whole meeting, it was conducted with civility; everyone addressed each other formally, never interrupting, and everything else went very smoothly. I had the pleasure of sitting at the presenter’s table and was recognized for collecting and analyzing the data, and was able to get an up-close-and-personal view of committee procedures and protocols.

Despite going to a university, I have met some really naïve people. People who cannot pronounce “legislature” or do not know how to get to UW’s Red Square are just victims of naiveté. I would be one of them. The only way to cure this is to experience more of what is right at our fingertips. I encourage you to sit in on a committee meeting. It was both educational about government policies and eye opening to glimpse everyday tasks of policy-making.

3 teams win high honors for global solutions to poverty

gsec-nuruGrand Prize of $10,000

The 2010 Global Social Entrepreneurship Competition winning team was Nuru Light, also winner of the People’s Choice Award and Investor’s Choice Award, for their affordable, clean, safe alternative to kerosene as a light source in Rwanda. Nuru lights can be recharged quickly via the world’s first pedal generator. Team Nuru consists of students from Adventist University of Central Africa and the University of Massachusetts Medical School. Photo (L-R): Charles Ishimwe, Bill Gates, Sr., Max Fraden

 

gsec-touchhbGlobal Health Grand Prize of $5,000

UW Global Health’s largest prize went to TouchHb, an affordable, prick-less anemia scanner used by low-skilled village health workers in rural India that measures, helps diagnose, monitors and screens for anemia. Team TouchHb consists of two doctors from the Maharashtra University of Health Sciences.

 

 

 

gsec-maloJudges’ Choice Prize of $3,000

Judges this year created a spontaneous award and personally pitched in a total of $3,000 for an on-the-fly Judges’ Choice Award which went to Malo Traders for their business plan that provides technological consultation that minimizes risks of post-harvest losses for small-scale rice farmers in Mali. Team Malo consists of two brothers who grew up in Africa and are now pursuing degrees—one is a PhD student in political science at Purdue University and the other a business student at Temple University.

The Global Business Center at the UW Foster School of Business puts on the Global Social Entrepreneurship Competition each year – when international student teams are coached, critiqued and judged by Seattle-area business leaders. A record number of applicants (161) from around the world applied for the 6th annual event with innovative ideas to help solve global poverty. Watch the video.

Nuru wins People’s Choice Award at Global Social Entrepreneurship Competition

gsec-3936

 

 

 

 

 

 

 

 

 

University of Washington Foster School’s Global Social Entrepreneurship Competition is underway this week and 11 semi-finalist teams are competing for a chance to win over judges and beat out other innovative business ideas to combat global poverty.

At a trade show this week, the People’s Choice Award went to a team with an idea called “Nuru Light: a Solution to Africa’s Lighting Crisis” which provides affordable, renewable, clean lighting to replace kerosene in households. One of the team members traveled outside of Rwanda for the first time in his life to pitch this business idea along with a medical student from Massachusetts Medical School.

Winners will announced at tonight’s GSEC Award’s Ceremony which will also feature keynote speaker Bill Gates, Sr.

Good luck to the 11 teams and 5 finalist teams – part of a record-breaking number of applicants who chose to solve poverty with business innovations.

Foster students consult for Brazilian restaurant in Seattle: part 3

In this installment of our video series following student business consultants from the Foster School, the UW Business and Economic Development Center team members discuss the biggest challenges they face in improving the bottom line of a small Brazilian restaurant. This is the third in the series on Foster Unplugged where you can follow the five-member student team assigned to help Tempero do Brasil, a restaurant at 5628 University Way Northeast. Check back to follow more of the student team’s efforts as the winter quarter class progresses (under Student Life blog category).