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FOR IMMEDIATE RELEASE from the UNIVERSITY OF TORONTO March 9, 2010

By Deborah Flores,2014-04-18 09:07
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The first round of competition will focus on researching a given emerging market and the various renewable energy opportunities within the given country.

FOR IMMEDIATE RELEASE from the UNIVERSITY OF TORONTO

    March 9, 2010

    UofT STUDENTS HOST FIRST-EVER COMPETITION ON CLEAN ENERGY

    DEVELOPMENT FOR INVESTORS BEYOND BORDERS

TORONTO, ON -- Investors Beyond Borders, an organization comprised of the world’s

    brightest and most ambitious student leaders and headquartered at the University of Toronto, is

    hosting the first International Renewable Energy Case Competition, focussing on clean energy

    development within the world’s emerging regions.

Teams of students from five universities around the world will be charged with finding the most

    suitable, reliable and cost-efficient technology and renewable energy sources that an investor

    will most likely take advantage of in an emerging country and then creating a business case for

    investment projects in that country. Those teams will also travel to the chosen emerging nation,

    Macedonia, in the final leg of the two-part competition.

“What we’re doing is so much more than a simple competition,” said Marijana Josifovska,

    President of Investors Beyond Borders. “We are inspiring students from around the world to

    explore the clean energy sector.

“We are empowering them with an opportunity to apply the skills they learn in the classroom to

    positively impact a pre-emerging nation’s growing and reforming economy for a sustainable

    future”.

    The first round of competition is already underway and will run through March at five “host” universities located in North America, Asia, Europe and South America. The University of

    Toronto is the host university for Canada.

Any student enrolled at a university within the same region as the host institution will have an

    opportunity to compete. For example, student teams from the University of Toronto, Ryerson

    University and York University will compete against one another for a chance to represent

    Canada in the final round of the competition.

The first round of competition will focus on researching a given emerging market and the

    various renewable energy opportunities within the given country. Students will attend various

    workshops, seminars, networking lunches and an exposition dedicated to green technologies.

An experienced and respected panel of judges will choose a winning team from each host

    university and those winners will travel to Macedonia to determine whether their proposed

    business plans are realistic and can be implemented.

In Macedonia, the students will tour the country and meet with officials from Macedonia’s

    government (including the Prime Minister), executives from foreign and local companies, and

    various industry professionals. The teams will further refine their research they began in round

    one and polish their business plans with the new information learned.

Final presentations will occur in early May of this year and teams will be rewarded an education

    grant to the winning team’s tuitions for the best business plans and research findings.

The emerging European market of the Republic of Macedonia will be explored throughout the

    competition. The country is one of the fastest developing nations in its region; in 2008, it was

    ranked by the World Bank as one of the world’s top reformers. Macedonia is also in a very

    strategic geographical position for offering free trade access to European markets. The country is

    at the intersection of two major panEuropean transportation corridors that connect Central Europe to the Aegean, Adriatic and Black Sea.

Developing countries are investing heavily in clean energy because it not only reduces their

    nation’s environmental impacts, but also reduces their need for foreign energy sources. Investment in renewable energy is also a growth industry, spurring economic development.

    -30-

For more information, contact:

Marijana Josifovska

    (416) 993-9307

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