SOURCE: GSEA

GSEA

September 29, 2009 11:00 ET

The NYSE Foundation Partners With The Global Student Entrepreneur Awards

Partnership Supports College Entrepreneurs' Quest for Success and Economic Rejuvenation

NEW YORK, NY--(Marketwire - September 29, 2009) - The New York Stock Exchange (NYSE) Foundation today announced a partnership with The Global Student Entrepreneur Awards (GSEA), the premier global competition for undergraduate students who own and operate revenue-generating businesses while attending a college or university.

The grant from the NYSE Foundation will support the expansion of the GSEA to 24 countries, including five new participating nations -- India, Ireland, Singapore, South Korea, China -- advancing the mission of student entrepreneurship shared by both organizations. The NYSE Foundation has committed to helping GSEA develop a mentorship and legacy summit for GSEA students. In addition, this year GSEA and the NYSE Foundation will work with and honor the world's top high school entrepreneur by providing him / her with the mentorship needed to grow a business and succeed.

"The NYSE Foundation is proud to support student entrepreneurs around the world," said Steve Wheeler, director of the NYSE Foundation. "It is very important that we nurture the entrepreneurial instincts of our young people as entrepreneurs are the foundation of vibrant economies."

The GSEA/NYSE Foundation partnership will kick off with the Foundation's hosting and judging of the GSEA East Coast Regional Finals on November 2, 2009 with an event at the New York Stock Exchange. Candidates in the New York competition have businesses ranging in size from US$300,000 to over US$1 million and are eager to grow their companies. Business luminaries, top journalists and entrepreneurs from the NY Chapter of the Entrepreneurs' Organization will judge the competition. The East Coast finalists will go on to contend for US$150,000 in cash and prizes to be granted to the world's top student entrepreneur during the 2009 GSEA Global Finals in Kansas City, Missouri, as part of Global Entrepreneurship Week, sponsored by the Kauffman Foundation.

In addition, the event will feature a high-impact "EO Accelerator" session for 30+ leading student entrepreneurs from New York. EO Accelerator is a program of Entrepreneurs' Organization that helps nearly 400 early-stage entrepreneurs with companies ranging from $250,000 - $1 million in revenue, to rapidly catapult their businesses to the next level. More information about EO Accelerator is available at: http://accelerator.eonetwork.org/Pages/Default.aspx

Since 1998, with the support of founding sponsor Mercedes Benz Financial, GSEA has helped thousands of college students realize their dreams while stimulating the worldwide economy. GSEA provides much needed content and inspiration through EOtv and EO's award-winning magazine, Octane, as well as critical mentorship, recognition and connections to take their businesses to the next level of success. The NYSE Foundation fully supports the cause of entrepreneurship and funds both new and proven charitable endeavors that confer a broad public benefit. The NYSE Foundation aims to provide individuals with the understanding of business fundamentals in order to prepare them to become active participants in the global community.

"This generous grant from the NYSE Foundation will impact thousands of student entrepreneurs in more than 20 countries around the world," said Kevin Langley, EO Global Chairman Elect Elect and head of the GSEA initiative. "The Foundation's philosophy to foster entrepreneurship and financial literacy through global mentorship is exactly what our student business owners need, and they will benefit immensely from the support of the NYSE 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$1 million 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 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 Foundation

The NYSE 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 undergraduates who juggle a full course load while running their own businesses at the same time. 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 founding partner Mercedes Benz Financial and major foundations, including the NYSE Foundation the Ewing Marion Kauffman Foundation, the Acton Foundation for Entrepreneurial Excellence 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 7,300 business owners in 42 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$17.3 million. For more information, go to: www.eonetwork.org.

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