The Lally School of Management & Technology at Rensselaer Launches The Second Round of the Innovation Competition
12/23/2009

The Lally School of Management & Technology at Rensselaer Polytechnic Institute has announced the launch of the second round, of the Lally Innovation Competition on Dec. 21, 2009. The nature of the competition is designed to attract top innovative and entrepreneurial candidates to the Lally School’s MBA Program.

Online PR News – 23-December-2009 – – FOR IMMEDIATE RELEASE
CONTACT: Jill Terry, Assistant Dean, The Lally School
December 21, 2009
w) 518.276.2378
lallymba@rpi.edu

The Lally School of Management & Technology at Rensselaer Polytechnic Institute has announced the launch of the second round, of the Lally Innovation Competition on Dec. 21, 2009. The nature of the competition is designed to attract top innovative and entrepreneurial candidates to the Lally School’s MBA Program. The competition encourages prospective students to develop creative business solutions to societal problems in the areas of entrepreneurship, finance, and global leadership.

“The competition is really an opportunity for students who have strong imaginations and a passion for innovation to transform their ideas into reality,” said Jill Terry, assistant dean for Master’s and Executive Programs. “We hold a bold vision for the winners of this contest. Business schools worldwide are examining how management education contributes to the benefit of society and how to train socially innovative and responsible leaders of tomorrow. We hope this competition will stimulate the creativity of the next generation of leaders and encourage them to pursue their solutions to societal problems we will face in the future in an effort to generate ideas and spur economic development.”
Terry also noted that as the global economy continues to deal with the recession, the next generation of entrepreneurs could help to re-engineer the foundations for solid economic recovery.

Competition entries will be accepted in four rounds. The second round which just opened up, began on December 21rst, and will remain open for idea submissions through Feb 15, 2010. All entrants must be applicants to the Lally School MBA Program. The winner will be chosen by a panel of Lally School faculty and regional entrepreneurs. Members of the general public will also have a chance to vote online for the various entries, and this vote will serve as a component of the final award decision.

Winners will receive a full or partial scholarship for tuition to the Lally School MBA Program, up to $60,000. Those who are selected as scholarship recipients will also receive one-on-one mentoring and may participate in variety of classroom and experiential experiences that will help to increase the potential of successfully launching a new venture. Entries will be accepted online, and competitors may also review the entry requirements online at: http://www.lallymbacompetition.com

About the Lally Innovation Competition
As the business school of Rensselaer Polytechnic Institute, the Lally School is particularly interested in ideas that demonstrate innovative commercial enterprises that “apply science to the common purposes of man.” The Lally Innovation Competition was started in 2009 in order to attract the most creative and entrepreneurial minds to the MBA program. As part of Lally’s ongoing commitment to support budding entrepreneurs and nurture the spirit of game-changing innovation, all Lally MBA applicants are invited to submit proposals to the competition, which awards tuition scholarships with a value of up to $60,000 to the full-time MBA program. The Competition is one of the school’s many initiatives that support entrepreneurial ideas for Societal Benefit and Economic Development.

About the Lally School of Management & Technology
The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest technological university. Building on Rensselaer's world-class facilities and leadership in science and engineering, Lally is dedicated to advancing business through innovation. Lally offers graduate, doctoral and undergraduate degree programs in management, and an executive MBA program. Lally’s programs focus on the strategic management of technology and creating value through innovation and entrepreneurship. Located in New York’s Tech Valley, Lally offers a growing portfolio of collaborative programs with enterprises and academic institutions in the Indian sub-continent, China, Europe, and the Middle East.

About Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute, founded in 1824, is the nation’s oldest technological university. The university offers bachelors, masters, and doctoral degrees in engineering, the sciences, information technology, architecture, management, and the humanities and social sciences. Institute programs serve undergraduates, graduate students, and working professionals around the world. Rensselaer faculty are known for pre-eminence in research conducted in a wide range of fields, with particular emphasis in biotechnology, nanotechnology, information technology, and the media arts and technology. The Institute is well known for its success in the transfer of technology from the laboratory to the marketplace so that new discoveries and inventions benefit human life, protect the environment, and strengthen economic development.
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