The 14th INSEAD Business Venture Competition took place on Thursday (21 June 2007) in Fontainebleau.  Six business ventures competed for €15,000 in prize money. Dean Frank Brown welcomed the panel of judges, VIPs, MBA students, and the finalist teams. More than one hundred participants watched the finalist teams pitch their new venture ideas to the judging panel.

After a tough deliberation, the judges decided on the following three winners:

• 1st Place (€10,000)      Hieronymus
  
  Team Members:                Paula Reichenberg
                                         Jean-Luc Saporito
                                         Christian Suess
                                         Olivier Hébert

Hieronymus will be the first company to provide paralegal services to law firms and to recruit    paralegals for temporary assignments in Continental Europe, starting with Switzerland.

• 2nd Place (€3,000)         RentMineOnline
  
  Team Member:                  Ed Spiegel

RentMineOnline is a trust based online market place that connects asset owners and renters and facilitates rental transactions between them. The concept resembles eBay, but instead of purchasing, the model is based on renting.

• 3rd Place (€2,000)          Kaasni
  
  Team Members:              Pooja Sethi
                                          Gaurav Lunia
                                          Krishnan Poongohthai
                                          Eugene Mundol
  

Kaasni Crafts and Creations is a manufacturer and exporter of finished products made out of Organic Cotton fabric initially targeting the Promotional Goods Industry.

Please join us in congratulating these teams and the other Business Venture Finalists listed below

• Comuto

          Team Members:   Frederic Mazzella

                                    Nicolas Brusson

                                    Jean-Bernard Escoufier  

Comuto is an online service for connecting commuters or travelers going the same way.

• Dyar Shemsi

          Team Members:   Kamil Msefer

                                    Omar Maaouni

Dyar Shemsi is a healthy-lifestyle retirement resort concept in Morocco intended to combine high quality homes with a set of services featuring security, leisure, and health.

• foOmOo

          Team Members:   Ailin Yang

                                    Audrey Liu 

                                    Colin Marson

foOmOo is an easy and fun to use wristwatch style device that alerts children with food allergies when packaged foods have potentially hazardous ingredients.

Our thanks go to our distinguished judges, Mario Anid, Dr. Cornelius Boersch, Bart Hartman, Patrick Reeve, and Felix von Schubert.  These experienced entrepreneurs and active venture investors kindly took time out of their busy schedules to judge the competition.  

Look out for announcements about the 15th Competition planned for December 2007!