Category Archives: University of Washington

Foster School students win 2nd place at BYU Business Language Case Competition

Although belated, the Global Business Center would like to extend an enormous congratulations to Janet Yang, Gail Letrondo, and Saya Kashiwamura who won 2nd place in the Chinese track of the BYU Business Language Case Competition on November 7th.

The Brigham Young University Business Language Case Competition is a unique opportunity for students to showcase their business acumen and foreign language skills by analyzing a real-life global business problem, and presenting their solution to a panel of judges made up of international business professionals in a non-native language.

These three young women competed against teams from prestigious universities across the country. They did an outstanding job analyzing the case and presenting their solution – in Mandarin Chinese! Judges were impressed by the insightful and innovative problem solving and detailed financial reports presented by the University of Washington team.

InTheWorks: Minimizing Motor Emissions

IntheWorks CTO, Todd Hansen (left) with CEO David Endrigo.
IntheWorks CTO, Todd Hansen (left) with CEO David Endrigo.

“I didn’t really expect to start my own business,” says Todd Hansen, looking back to his time as an undergraduate studying biochemistry at the University of Washington. But he had always been interested in clean technology and the reduction of fossil fuels, so when he discovered a really interesting concept for reducing emissions, he decided to pursue it. “Lo and behold,” says Hansen, now the co-founder and CTO of InTheWorks, an engineering and design development company, “that concept turned out to have a lot of potential.”

InTheWorks’ patented product is “essentially a unique emissions control system,” says Hansen. The company holds a total of 4 patents on a catalytic converter that can be used with any type of gasoline-fueled internal combustion engine to significantly reduce emissions, increase fuel economy by 4% to 5%, and increase horsepower 4% to 6%. And where other ways to improve fuel economy and power (aerodynamics, tire redesign, weight reduction) are costly, installing InTheWorks’ converter actually lowers manufacturing costs by 12%, due to reduced precious metal content.

InTheWorks’ technology was impressive from the get-go (the company won a prize in the 2009 UW Environmental Innovation Challenge by focusing on marine engines), but it’s in the past few years that Hansen and his team—CEO and co-founder David Endrio and executive vice president John Gibson—have seen tremendous progress. In 2011 InTheWorks’ prototype passed both EPA and CARB tests with flying colors, and further, more extreme testing in 2013 validated the 2011 results. The company has three full time employees, has raised $1.5 million in funding, and recently formalized a partnership with ClaroVia Technologies (known for its OnStar vehicle navigation system).

So what’s next for InTheWorks? “We’re primarily focused on licensing our technology,” says Hansen, “and we’re ready to reach out to OEMs [original equipment manufacturers] and Tier 1 suppliers.” At the same time, InTheWorks plans to pursue in-house manufacturing and distribution of marine applications of its technology. “And we’re always looking for additional technologies to add to our portfolio,” says Hansen, so his focus is already on the next innovation: “Diesel is on the horizon,” he says, “and we’re optimistic that we will be noticed by game changing companies.”

WCRS: Improving Entrepreneurship Education

Entrepreneurship education is in demand. In fact, it’s one of the fastest growing subjects on today’s college campuses. According to a 2013 paper published by the Kauffman Foundation, only 250 entrepreneurship courses were taught in the United States in 1985. By 2008, that number had ballooned to 5,000. Today, over 9,000 faculty members teach at least one course in entrepreneurship and more than 400,000 college students take classes on the subject. As the number of future founders and entrepreneurs taking these classes continues to grow, it is crucial that faculty deliver the best possible content, developed from cutting-edge research. Enter the West Coast Research Symposium on Technology Entrepreneurship, an annual conference that brings together scholars from major universities to share their latest insights into the world of innovation and entrepreneurship.

WCRS faculty and PhD students share ideas over dinner.
WCRS faculty and PhD students share ideas over dinner.

In early September, 79 faculty and PhD students from across the U.S. and overseas gathered for the 12th annual WCRS, held at the UW Foster School of Business, to collaborate and gain valuable feedback on novel research in areas such as nascent markets, technology innovation, and funding. This sharing of ideas often leads to stronger, more robust research that will soon find its way into hundreds of college classrooms. When Abhishek Borah, assistant professor at the UW Foster School of Business, presented his paper on social media’s impacts on IPO underpricing, his premise was that underpricing was something that underwriters, investors, and firms all want to avoid. However, faculty members from the University of Alberta and Santa Clara University encouraged him to avoid a purely finance-based view of IPO underpricing and probe deeper into the motives of the bankers involved in the process, to better understand how different types of actors impact IPO pricing.  Feedback like this results in more sophisticated research, increasing the likelihood of publication in top-tier journals, and ultimately improving the education of the next generation of entrepreneurs.

A key element of the WCRS is a one-day doctoral workshop, held prior to the conference, that provides an opportunity for PhD students in entrepreneurship to present their research interests, learn what goes into quality research, and gain wisdom from leading scholars in the field. This workshop preparation is invaluable for PhD candidates. As Suresh Kotha, professor at the UW Foster School of Business and one of the leaders of the WCRS, explained: “Many of the faculty presenting this year attended the conference as doctoral students. It was wonderful to see how they’ve blossomed into successful and confident faculty members.”

The West Coast Research Symposium and Doctoral Workshop are sponsored by the University of Washington, Stanford University, University of Oregon, University of Southern California, and University of California Irvine, with a grant from the Ewing M. Kauffman Foundation.

UW Global Business Center retains elite status as CIBER

The University of Washington’s Global Business Center is pleased to announce its selection as one of only 17 Centers for International Business Education & Research (CIBER) as designated by the U.S. Department of Education.

The CIBERs were created by Congress in 1988 to increase and promote the nation’s capacity for international understanding and competitiveness. The Global Business Center, housed at the Michael G. Foster School of Business, has been a grant recipient since 1990.  The competition this year was fierce as the pool of available grants had been reduced from 33 to just 17.

Securing the CIBER grant enhances the Global Business Center’s capacity to develop business leaders with the knowledge, skill and vision needed to collaborate and compete across the globe.  “Global Business education is critical to the future success of our students and to U.S. competitiveness,” said Dean Jiambalvo. “Creating learning opportunities that build global business expertise is a top priority of the Foster School of Business. We are grateful to the U.S. Department of Education in supporting this priority.”

The Global Business Center will leverage this grant funding to draw on the strengths of the UW in implementing thirty-six new initiatives over the next four years with a focus on: (1) understanding Asia-Pacific markets; (2) the role of supply chains in global trade and investment; and (3) experiential learning for career-readiness.

  • Some of these new initiatives include:
    Career-focused study abroad and global experiential learning opportunities for students.
  • Programs that support faculty research and teaching related to the business, economic and cultural environments of Asia.
  • Education for the business and academic communities about new Arctic trade routes.
  • Global Career Pathways Programs that prepare community college graduates for careers in international trade, supply chain management, and cybersecurity.

The four-year CIBER grant will also allow the Global Business Center to build on its core competency of delivering outstanding student programs such as MBA Global Business Study Tours, the nationally ranked undergraduate Certificate of International Studies in Business, and the Global Business Case Competition.

“This award reinforces the strengths of the Foster School’s top ranked international business specialty programs,” explains Debra Glassman, Faculty Director of the Global Business Center. “We are honored to remain a part of the national CIBER network and look forward to producing more innovative global opportunities for students, faculty and the community.”

Putting together this winning proposal and rolling out these new initiatives would not be possible without the immense support that the Global Business Center receives from numerous individuals, community and corporate partners, and the University of Washington.  Thank you to all of our supporters!

Merci * спасибо *  Gracias  * 감사드립니다 *  Danke * 謝謝 * Ngyabonga
ありがとう* Grazie * 謝謝各位 * Spasibo * σας ευχαριστώ * THANK YOU!

Wearables, Shareables, and the New Face of Healthcare: Entrepreneur Week 2014

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Presented by the Buerk Center for Entrepreneurship, Entrepreneur Week is an annual window into the world of entrepreneurship. Over the course of five days, the Buerk Center hosts events featuring Seattle’s high-profile thinkers, dreamers, innovators, and doers. Whether you’re a die-hard entrepreneur, interested in working for a start-up, or just entre-curious, this is your opportunity to meet and learn from venture capitalists, start-up CEOs, and serial entrepreneurs.
Check out EntreWeek 2014 highlights below, and visit the Buerk Center’s events calendar for details and updates.

Entrepreneur Week 2014

Monday, October 13, 2014
TA McCann
TA McCann

Your Success, Your Network: Why, How, and Now
w/T.A. McCann of Rival IQ and Gist
12:30—2pm
Dempsey Hall 302
It’s all about connections—making them, keeping them, using them. Rockstar entrepreneur T.A. McCann will open EntreWeek with a presentation on building and leveraging your network.

Couldn’t make it to this event? Check out T.A. McCann’s slides here.

 

What Are You Wearing?
5:30—7:30pm
Dempsey Hall 302
From Google Glass to Apple Watch, Fitbit to USB jewelry, everyone’s buzzing about wearables. Join a panel of experts as they discuss the ins and outs of wearable technologies and what’s next in this burgeoning market.
Panelists:
Davide Vigano, cofounder and CEO, Sensoria
Alex Day, head of business development, Peach; former project manager, RTneuro
Matthew Jordan, director of research and strategy, Artefact
Eric Jain, founder and CEO, Zenobase

Tuesday, October 14, 2014

Startup Walk
11am—4pm
Fremont
Join us on a fieldtrip to meet two of Seattle’s hottest startups: Reveal and Haiku Deck.
(Students only. Registration required.)

Remaking How We Make Things
4—5:50pm
Paccar 292
Pete Agtuca and Dr. Eric Rasmussen will speak about responsible manufacturing and redesigning with sustainability in mind. What does this mean? Here’s a good example:
When most of us think of wind turbines, we think of those massive towers stretching across open spaces where wind is steady and strong. Agtuca, founder of 3 Phase Energy Systems, has re-thought wind power generation, and patented “Powersails”, which  generate energy right where it’s needed.
Speakers:
Pete Agtuca, founder of 3 Phase Energy Systems
Dr. Eric Rasmussen, Infinitum Humanitarian Systems

AmberRatcliffe_small
Amber Ratcliffe

Reinventing Healthcare
5:30—7:30pm
Dempsey Hall 302
No surprise: healthcare is undergoing a transformation. Regulatory changes, advances in technology, a more-informed consumer—all of these shifts present a new healthcare industry that is rife with opportunity. Come meet with entrepreneurs who are changing face of healthcare in surprising ways.
Panelists:
Amber Ratcliffe, Carena (formerly, co-founder of NanoString)
Aaron Coe, Calistoga Pharmaceuticals
Peter Scott, Burn Manufacturing
Leen Kawas, M3 Biotechnology

Wednesday, October 15, 2014
Venture Capital Walk 2013
Venture Capital Walk 2013

Venture Capital Walk
8:30am—1:30pm
Downtown Seattle
Visit top venture capital firms Vulcan, Maveron, and Madrona, whose portfolios include such well-known companies as Gilt, Dreamworks, eBay, Zulily, Appature, and Redfin. (Students only. Registration required.)

It’s Good to Share: The Peer-to-Peer Economy
5:30—7:30pm
Dempsey Hall 302
You can’t swing a pink Lyft mustache these days without hitting a shared economy startup. Uber, Air BnB, Poshmark—they’re everywhere, and with good reason. Why buy when you can rent from others? Why not make a little cash sharing something you don’t use all the time anyway? Come meet three CEOs in the thick of things, and learn why your mom was right all along: it’s good to share.
Panelists:
Nathanael Nienaber, CEO, Ghostruck
Phil Kimmey, co-founder, Rover
Sean Dobrosky, FlightCar

Thursday, October 16, 2014

Startup Hall Tour
12:30—2pm
Condon Hall
Join us for a tour of Startup Hall, the new hub of innovation in Seattle’s University District. You’ll meet Chris DeVore of TechStars and Founder’s Co-op, UpGlobal’s Marc Nager, and other residents of this new home base for entrepreneurs.

Haiti Babi Blankets
Haiti Babi Blankets

Brace for Impact: Mission-Driven Entrepreneurship
5:30—7:30pm
Dempsey Hall 302
Social entrepreneurship defines success as increasing a company’s bottom line while addressing some of society’s most pressing problems. Come learn how three impact entrepreneurs have taken simple ideas—a restaurant, a baby blanket, a co-working space—and used them to improve our world.
Panelists:
Matt Gurney, FareStart
Katlin Jackson, Haiti Babi
Lindsey Engh, Impact HUB Seattle

Friday, October 17, 2014

2014 UW Innovation Open House
2—5pm
Dempsey Hall 302
Hosted by UW C4C and the Buerk Center, this is your opportunity to: network with local investors, industry leaders, and entrepreneurs; meet the founders and leaders of top UW spinouts; learn about promising new technologies developed in UW research labs; and discover the world of venture and angel investing.

DubHacks
October 17th and 18th will mark the inaugural DubHacks Hackathon, the first and largest hackathon in the Pacific Northwest. The event is being held at the Husky Union Building on the University of Washington campus and has already drawn attention from student hackers across the United States. Seattle, Washington has been chosen for its central location in the Pacific Northwest and for its well-established reputation as a high-tech city and entrepreneurial center. Hosted by Startup UW, Sudo Soldiers, and the Informatics Undergraduate Association.

Veterans Center helps students access benefits and support services

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Veterans Center helps students access benefits and support services

Tina Tanaka, a VA Certifying Official at the University of Washington, provides a thorough overview of the benefits and support available to military veterans who plan to enroll at the Foster School of Business. The UW Veterans Center can help you determine your level of eligibility for benefits, answer any questions you may have, and refer you to additional campus and community resources.

Contact the Veterans Center for further information:

Location: Husky Union Building room 327 (map, directions and parking)
Hours: Monday-Friday 9:00AM – 4:00PM
Phone: 206-543-6122
Fax: 206-543-0892
Email: veteran@uw.edu
Mailing Address: Veterans Center University of Washington
Box 355882
Seattle, WA 98195-5882

Executive Development Program: Nordstrom

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Foster’s Executive Development Program offers immediate return on investment

Ali McKenzie, EDP 2014, is a Strategy Analyst at Nordstrom. For years she wanted to go back to school but had many doubts about whether she could do it. She was concerned about the extra workload and how it might affect her work/life balance. Ali thought the Executive Development Program’s part-time, nine-month format could be manageable, so she enrolled. Right from the start, she was learning tangible skills that she could apply immediately to her job. The variety of topics covered by the program helped increase Ali’s effectiveness as a cross-functional leader, and the extra work she put into class was repaid the very next day at the office.

Is this the year you invest in your development as a manager and leader? Find out if the Foster Executive Development Program is right for you. Contact us to start the conversation.

GI Bill supports growth opportunities for veterans

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GI Bill supports growth opportunities for veterans

Anthony Rogers, EDP 2014, is a small business owner with a Master’s degree in Project Management. While his degree was beneficial for his day-to-day business tasks, he wanted to learn how to manage his organization more effectively. He also had a desire to meet and interact with other professionals in the area. Between his extremely busy business and personal schedules, Anthony found the part-time Executive Development Program to be a perfect fit for him to learn the tools he needed to take his business to the next level as well as network with other local executives.

Since he had served in the Air Force for six years after September 11, Anthony was eligible for the GI Bill, which paid the full tuition for the Executive Development Program. Contact us to learn more about using the GI Bill to pay for the Executive Development Program.

Foster student receives Bonderman Travel Fellowship

Wilson Carletti in Hong Kong while on the China Exploration Seminar
Wilson Carletti in Hong Kong while on the China Exploration Seminar

Foster undergraduate student Wilson Carletti was recently awarded a Bonderman Travel Fellowship which will enable him to travel solo for eight months and visit at least two regions and six countries around the world. Carletti was one of fourteen UW students to receive the fellowship worth $20,000.

Carletti grew up in Seattle and is preparing to graduate in June with an undergraduate degree in finance from the Foster School. He plans to leave for his eight-month adventure sometime in September or early October and will travel to Costa Rica, Ecuador, Peru, Chile, Antarctica, Argentina and South Africa. He first heard about the fellowship as a freshman through the Honors Program. After studying abroad in Italy and Spain for a summer and participating in an Exploration Seminar to China, he knew he wanted to travel more.

His travel objectives are to appreciate the natural beauty of these places, engage in dialogue with local communities, and participate in sports to learn to understand their role in the lives of other peoples and cultures of South America and South Africa. He is also interested in improving his Spanish while he’s in South America. And he’s visiting Antarctica because he has always wanted to visit all seven continents. He said, “I also want to use the opportunity to focus on one of my passions: writing. I want to write about my experiences, as a mode of self-reflection and documentation for others, and to hone my art of storytelling.” He said he started his blog before his first study abroad trip and found it helped him view his experiences differently, especially as he documented them for others.

He expects the most challenging aspect of this trip to be the long periods of solitude. Venturing out of the Puget Sound for eight months will also be an adjustment, but it’s one he’s looking forward to.

When Carletti returns, he’ll pursue a master’s degree in human centered design at UW. His ultimate goal is to combine his business education with startups and writing. His advice to current students, “Study abroad if you can. Seek out those opportunities that expose you to other parts of the world.”

The Bonderman Travel Fellows were established in 1995. The aim is to expose students to the intrinsic, often life-changing benefits of international travel. While traveling, students may not pursue academic study, projects or research. UW graduate students, professional students and undergraduate students are eligible to apply. In total, 207 UW students—127 undergraduate and 80 graduate and professional students—have been named Bonderman Fellows, including the 2014 fellows. Look for future blog posts from Carletti next year as he shares his journey with us on the Foster Blog.