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![[Sixth Annual Pace Pitch Contest]](http://data.memberclicks.com/site/mefny/PitchHeader2009.gif)
Keynote Speaker:
Iqbal Z. Quadir
Professor of the Practice of Development and Entrepreneurship
MIT and Founder and Director, The Legatum Center, MIT
Professor Iqbal Z. Quadir is the founder and director of the Legatum Center for Development and Entrepreneurship at MIT. In the 1990s, Quadir founded GrameenPhone, which provides effective telephone access throughout Bangladesh.
Quadir is an accomplished entrepreneur who writes about the critical roles of entrepreneurship and innovations in improving the economic and political conditions in low-income countries. Quadir is often credited as having been the earliest observer of the potential for mobile phones to transform low-income countries. His work has been recognized by leaders and organizations worldwide as a new and successful approach to sustainable poverty alleviation.
For four years, Quadir taught at the John F. Kennedy School of Government at Harvard University, focusing on the impact of technologies in the politics and economics of developing countries. In 2005, he moved to MIT. His particular research interest is in the democratizing effects of technologies in developing countries with some of his initial thoughts published in the Summer/Fall 2002 issue of The Fletcher Forum of World Affairs.
In 2006, Quadir co-founded the journal Innovations, published by MIT Press, which highlights private efforts in public service. Quadir spent most of the 1990s founding and building GrameenPhone Ltd., which has now become Bangladesh`s largest telephone company, with net income of $250 million in 2006. His childhood exposure to the conditions in rural Bangladesh combined with his later venture capital experience in New York led Quadir to recognize that the ensuing digital revolution could facilitate the introduction of telephony to 100 million people living in rural Bangladesh. In 1994, he formally launched this effort by convincing angel investors to establish a New York based company, Gonofone Development Corp (meaning `phones for the masses`) to help him organize what subsequently became known as GrameenPhone.
Quadir`s vision of a large-scale, commercial project that could serve all urban areas and 68,000 villages in Bangladesh led him to organize a global consortium including Telenor AS, the primary telephone company in Norway and an affiliate of micro-credit pioneer Grameen Bank in Bangladesh. He attracted these investors by complementing his vision with a practical distribution scheme whereby small entrepreneurs, backed by loans from Grameen Bank, could retail telephone services to their surrounding communities. With the support of these investors, GrameenPhone, established in late 1996, started building a new cellular network and providing services to the public soon thereafter. To date, it has built the largest cellular network in the country with investments of nearly $2 billion and a subscriber base of nearly 20 million. Its rural program is already available in more than 60,000 villages, providing telephone access to more than 100 million people, while helping to create 250,000 micro-entrepreneurs in these villages.
Quadir appeared on CBC, CNN and PBS and was profiled in feature articles in The Economist, Boston Globe, Financial Times and The New York Times, and in several books. The World Economic Forum, based in Geneva, Switzerland, selected him as a `Global Leader for Tomorrow.` In 2006, Quadir was awarded the prestigious Science, Education and Economic Development (SEED) award in Bangladesh. In spring 2007, Wharton Alumni Magazine selected Quadir for its list of 125 Influential People and Ideas on the occasion of the 125-year celebration of the Wharton School. His work is referred to in 20 books and is prominently featured in the 2007 book, You Can Hear Me Now, by Nicholas Sullivan (Jossey-Bass).
Earlier in his career, Quadir served as a vice president of Atrium Capital Corp., an associate of Security Pacific Merchant Bank, both in New York, and a consultant to the World Bank in Washington DC. He received an MBA and an MA from the Wharton School, University of Pennsylvania, and a BS with honors from Swarthmore College.
The Legatum Center for Development and Entrepreneurship at MIT
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Judging Panel
Steven Brown, President & CEO, Greyston Foundation
Somak Chattopadhyay, Vice President, Greenhill SAVP
Michael Gochman - Founder, Gochman Group
David S. Rose, Chairman, New York Angels
Lori S. Smith, Partner, Sedgwick, Detert, Morgan & Arnold LLP
Stanley S. Litow ,President, IBM International Foundation
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Sponsored by:
Thursday, December 3rd, 2009
5:00 p.m.- 7:45 p.m.
Pace University
Schimmel Center, 1 Pace Plaza
New York, NY 10038
The Pace Pitch Contest is based on the Elevator Pitch concept, popular in the venture capital community. It is an extremely concise presentation of an entrepreneur's idea, business model, marketing strategy, competitive analysis, and financial plan, which is delivered to potential investors. The premise is that it could be made in a few minutes, should the entrepreneur spot a potential investor on an elevator and have the opportunity to pitch their idea during the brief ride.
At this year's Pace Pitch Contest, five finalists in the New Business Concept category and five finalists in the Social Venture category will each have exactly three minutes to pitch their new venture idea to a distinguished panel of judges and an enthusiastic audience. In addition to broad participation at Pace, we have been pleased to welcome student competitors from a number of other universities, including Columbia, Harvard, Princeton, and Stanford.
SCHEDULE OF EVENTS
5:00 to 5:30 Registration
5:30 to 6:00 Introductions and Keynote Speaker
6:00 to 6:45 Ten Finalists make their Pitch
6:45 to 7:00 Break
7:00 to 7:30 Judging Panel Discussion and Critique
7:30 to 7:45 Awards Ceremony
PRIZES
$25,000 for the winning Social Venture entrant
$25,000 for the winning New Business Concept entrant
$2,500 for the most innovative technology
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