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Students In Free Enterprise Win Regional Competition
The Clarkson University chapter of Students in Free Enterprise (SIFE), a national organization that challenges student groups to create and operate entrepreneurial projects that improve the lives of others through free enterprise, received first place in a regional competition held recently in Connecticut. The team was also named a national finalist for the “Make A Difference Week” Award.
Competing SIFE teams from New York and New England colleges and universities attended the 2002 Regional Competition and presented their educational outreach projects and accomplishments. Teams were judged on the effectiveness, creativity and innovation of their projects by panels of business leaders.
As a regional winner, the Clarkson SIFE team will have the opportunity to compete against other regional champions at the 2002 SIFE USA National Exposition, May 12-14 in Missouri.
“It has been a pleasure to work with this group of bright young students,” said Director of Entrepreneurial Programs and Sam M. Walton Free Enterprise Fellow Marc Compeau. “I am constantly amazed by the amount of work that Clarkson SIFE students put into their projects. It is gratifying to see their efforts recognized and rewarded this way.”
The SIFE team worked on a number of successful projects this year, including PrizeBuzz.com, a Web site operated by the student-run company Venture@Moore House; Dot Kwaan, an e-commerce site that will sell handmade craft products from Zimbabwe; Formula SAE, a competition sponsored by the Society of Automotive Engineers in which students design, build and compete with a small formula style racecar; and Team Canada, a program to educate Canadian middle school students in entrepreneurship.
The SIFE team also participated in the start-up of three student companies, including: Out of Bounds Fleece, which sold high-quality fleece blankets; Antifreeze, which sold warm winter hats and specialty t-shirts; and CQ (Clarkson Quality), which sold multifunction pocket knives.
For the national Make A Difference Week held last fall, the Clarkson SIFE team used hands-on classroom activities to teach fourth grade students at a local school the value of free enterprise. The project culminated with the elementary school students selling t-shirts at Potsdam’s Fright Night celebration held the week of Halloween. The profits of the t-shirt sale were donated to the Potsdam Fire Department.
All of the projects were designed to utilize the experience and talents of the SIFE team members and to meet the criteria for national competition.