SOURCE: Global Student Entrepreneur Awards

Global Student Entrepreneur Awards

November 09, 2010 09:10 ET

NYSE Foundation Renews Support for Global Student Entrepreneur Awards to Further Youth Entrepreneurship

East Coast Regional Finals Held at NYSE Send 2 Winners to Global Finals

NEW YORK, NY--(Marketwire - November 9, 2010) -  The NYSE Euronext Foundation today announced its second year of support for The Global Student Entrepreneur Awards (GSEA). A program of the Entrepreneurs' Organization (EO), GSEA is the premier global competition for undergraduate students who own and operate revenue-generating businesses while attending high school, university or graduate school.

In advancing the mission of student entrepreneurship shared by both organizations, the 2010 NYSE Euronext Foundation grant will allow GSEA to expand into 5 new countries including New Zealand, Malaysia, Philippines, Russia, and Japan. In addition, the program will create a social media network to build on the 2009 Legacy Summit intended to foster networking and mentoring across the EO spectrum to help GSEA participants to build their businesses. Finally, the 2010 grant will see the creation of larger East Coast finals competition to include more students from the East Coast who have been a growing group within the program.

Duncan Niederauer, chief executive officer of NYSE Euronext said, "Entrepreneurship is the foundation of innovation, growth and job creation, and we welcome the opportunity to nurture that spark and initiative in young entrepreneurs around the world."

This year, Dinesh Wadhwani, 23, student at Babson College and CEO of Think Lite, a "green" lighting service company for retailers, as well as Joseph Davy, 21, founder of software startup EvoApp, from the University of North Carolina, Chapel Hill, won the 2010 GSEA East Coast Regional Finals. Held on October 22, 2010 at the New York Stock Exchange, two winners will go on to contend for $150,000 in cash and prizes at the 2010 GSEA Global Finals in Kansas City, Missouri, as part of Global Entrepreneurship Week, sponsored by the Kauffman Foundation.

As a program part of the Entrepreneurs' Organization (EO), GSEA gives student entrepreneurs the chance to form solid relationships with mentors from EO who are running successful companies earning at least US$1million per year. Over the years, participating students have gone on to create thousands of jobs and generate millions in revenue. The partnership between the NYSE Euronext Foundation and GSEA supports young entrepreneurs by providing the confidence and leadership necessary to grow their businesses beyond the four walls of their dorm room.

About The NYSE Euronext Foundation
The NYSE Euronext Foundation is a private philanthropic foundation established by the New York Stock Exchange in 1983. Within the limits of its available resources, the Foundation supports worthy nonprofit organizations that are qualified grantees under applicable law. The Foundation directs its philanthropic resources to innovative and effective organizations, programs and projects that meet community needs within our priority areas of funding. The Foundation seeks to address the needs of communities in all areas of the globe where NYSE Euronext maintains a business presence and funds both new and proven charitable endeavors that confer a broad public benefit. For more information, visit, www.nysefoundation.org.

About The Global Student Entrepreneur Awards
As the premier global competition for undergraduate students, the Global Student Entrepreneur Awards (GSEA) inspire students to adopt entrepreneurial endeavors by bringing global visibility to student business owners who are innovative, profitable and socially responsible. Since 1998, the GSEA, a program founded at the John Cook School of Business at Saint Louis University, has honored outstanding students who juggle a full course load while running their own businesses. The Entrepreneurs' Organization (EO) took on leadership of the GSEA in 2006 to offer student entrepreneurs access to a global network of mentors, resources and connections from the most influential community of entrepreneurs in the world. The GSEA is generously supported by major foundations, including the NYSE Euronext Foundation, the Ewing Marion Kauffman Foundation, Ernst & Young and the Todd Thomas Foundation. To nominate a student entrepreneur or to get involved, go to www.gsea.org.

About EO
The Entrepreneurs' Organization (EO) -- for entrepreneurs only -- is a dynamic global network of more than 7,500 business owners in 38 countries. Founded in 1987 by a group of young entrepreneurs, EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. Membership in one of EO's 116 chapters is by invitation only; the average member is 40 years old with annual revenues of US$18.4 million. For more information on EO, visit www.eonetwork.org or call +1.703.519.6700.

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