In the Fall 2013 issue: Starting a business is never easy, but with the support of the Opus College of Business, students and alumni have taken the plunge ...
In the Fall 2013 issue: Starting a business is never easy, but with the support of the Opus College of Business, students and alumni have taken the plunge into entrepreneurship. Nearly 66 percent of the 85 million people in Ethiopia lack access to safe drinking water. Abdi Husen â€™13 M.B.A., a native Ethiopian, determined that making bottled water more available and less expensive would help solve the problem. He raised $2 million through investors in the United States, Canada and Australia, and opened a bottling plant in Dire-Dawa in August. Current capacity is about 50,000 bottles a day. Suburbia is home to almost 16.4 million poor people - thatâ€™s larger than in big U.S. cities and in rural areas. Jerad Justesen â€™02 M.B.A. and his wife, Kacey Justesen, M.D., founded the Mills Health Clinic in Minnetonka to provide free care to those who had to forgo basic health care because they lacked medical insurance, were underinsured, or were unable to afford high deductibles and co-pays. At 16, Solome Tibebu started her first business, Anxiety in Teens. While a student at the Opus College of Business, Tibebu â€™12 won a $10,000 first-place scholarship through the Fowler Business Concept Challenge for her business plan for a second venture, Cognific. Also receiving seed money through the Norris Institute, Tibebu launched Cognific, a behavioral health care software tool for providers. Mayo Clinic has some new innovators. Second-year UST MBA students worked as Mayo Innovation Scholars overseeing undergraduate students researching new product proposals. Also in this issue: A look at the climate for entrepreneurship locally and nationally; a visit with Carlsonâ€™s CEO Trudy Rautio; a Q&A with the director of the Norris Institute, which provides seed funds for startups; the impact of the Fowler Business Concept Challenge; and the winners of entrepreneurship awards. ---------------------------------------------- B. is a publication of the University of St. Thomas Opus College of Business. Published twice a year, the magazineâ€™s mission is to inform, educate and engage students, alumni, the business community and , those who can influence the success of our students and alumni. It does this through stories about the people who make up the Opus College of Business, through news items and through articles of interest to business-oriented people, addressed through the lenses of St. Thomas stakeholders.
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