Finalists Vie in the 2023 Global Scaling Challenge Competition During April 14th & 15th Webinar

ALBUQUERQUE, N.M. , March 30 /Businesswire/ - The University of New Mexico has announced the finals of the 2023 Global Scaling Challenge (GSC) with 36 qualifying university student teams competing for $35,000 in cash prizes. This year’s firm theme is “Aerospace”, a critical technology sector. The finals follow two Regional Qualifier Competitions. Participants and sponsors are cordially invited to participate in this complimentary webinar to take place (virtually) on April 14-15, 2023.

Before competing in the finals, the 36 student teams competed in one of two regional qualifiers: the Western Hemisphere Scaling Challenge, co-sponsored by Rowan University (US) and Stevens Institute of Technology (US) and the Eastern Hemisphere Scaling Challenge co-sponsored by Johannes Kepler University (Austria) and Grenoble Ecole de Management (France). The regional challenges winners were Boston University, Grenoble Ecole de Management, and the University of Denver. They and 18 others have moved on to compete at the GSC Finals. Judges for the global events include entrepreneurs, company executives, economic development professionals, venture capitalists and industry experts.

Anderson Business School Professor and Challenge founder and chairperson Steve Walsh said, “The Global Scaling Challenge is an exceptional learning experience and all about getting students out of the classroom and into the field for some truly pragmatic and actionable learning opportunities with the outcome being the providing of new ideas and direction to the organizations involved. It is NOT a business plan competition for a fictitious idea but rather a competition that challenges students to create real growth strategies for three real, U.S. technology-based companies. They are tasked to 'make a difference.' The GSC aims to provide a viable strategy to rapidly grow each company from x to 1,000 x in sales in five years. They can Make a Difference. The challenge is real, it is live, and it is virtual.”

The regional scaling qualifiers focused on a single company, Albuquerque New Mexico-based “RS 21”. The teams that compete at the UNM GSC finals will focus on two additional promising U.S. small, technology companies. Both GSC regional qualifiers and finals are held synchronously via Zoom and are complimentary for students/universities to enter and compete for $35,000 in cash prizes.

FOR MORE INFORMATION

Please visit https://gsc.mgt.unm.edu to learn about the conference, sponsorship opportunities and obtain a zoom link to view the challenge.

ABOUT THE GLOBAL SCALING CHALLENGE (UNM GSC)

The UNM Anderson School of Business Global Scaling Challenge (GSC) was initiated in 2021. It has quickly found widespread favor internationally in assisting high-tech firms engaged in critical technology industry segments to the US and the world resulting in scaling-up and becoming sustainable. UNM GSC is a real, live, and virtual where this year 36 university teams of more than 160 students and mentors from around the world, compete for $35,000 in prizes, and assist projects or minority founded firms or women- led efforts in firms in the Aerospace Sector. It leverages the research of the highly ranked Management of Technology and Technology Entrepreneurship researchers from the Anderson School of Management. To date the firms have used the mentored students and judges' inputs to great advantage.

ABOUT THE ANDERSON SCHOOL OF BUSINESS AT THE UNIVERSITY OF NEW MEXICO

The University of New Mexico (UNM) was founded in 1889 by the New Mexico Territorial Legislature, it is the state's oldest university, flagship academic institution, and the largest by enrollment, with over 25,400 students in 2021. It is a R1 top tier university by the Carnegie classification of Institutions, a top 100 public university by the US News and World Report, a Hispanic-serving institution by the US Department of Education, and holder of a gold rating as a military- friendly institution. The Anderson School of Management (Anderson), founded in 1947, is the business school of the University of New Mexico (UNM). Anderson was the first professional school of management established in the state of New Mexico and has an alumni base of over 24,000 graduates. It has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1975. UNM was the third university to gain professional AACSB accreditation for both their bachelor's and master's degree programs. In 1974, the school was named for Robert Orville Anderson, a New Mexico oilman and longtime CEO of the Atlantic Richfield Company (ARCO).

Please click on our SPONSORS’ links below to learn more about them.

New Space New Mexico in partnership with Air Force Research Laboratory, Real Time Solutions, Bernalillo County Commission District 4 Commissioner Walt Benson, New Mexico Economic Development Department, New Mexico Manufacturing Extension Partnerships, Cooper & Company, Cottonwood Technology Fund, ESPALIER, EZJ Online, Grenoble Ecole de Management, IAMOT, Johannes Kepler University, KOB Channel 4, MANCEF, Richard P. Feynman Center for Innovation at Los Alamos National Laboratory, Roger Grace Associates, Rowan University, Sandia National Laboratories, Stevens Institute of Technology, UNM Anderson School of Management, and UNM COSMIAC.

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