News Company is finalist in "Venture Day" competition
27 November 2008, Madrid, Spain
The company was finalist at IE Business School's 2008 Venture Day business plan competition held in Madrid. The contest is IE's annual flagship event to promote entrepreneurship, connect entrepreneurs to the investment community and ultimately facilitate new venture creation. The event was the culmination of six month's of development in the institute's business incubator course known as Venture Lab. The company's founders, all students at IE Business School, received classroom instruction on topics ranging from finance to marketing to strategy as well as in-depth mentoring from professionals in the field. Foresta benefited from invaluable advice from Carlos García Suárez, director at Tecnoma Energía Sostenible and a specialist in Spain's renewable energy sector. The company also thanks Rafael de la Fuente, founder and executive director of Ambisat, an environmental consultancy, for his support. The competition consisted of a semi-final and final round, and Foresta was one of nine finalists among the dozens of projects created by students at the school. Andrew Miller and David Suárez of the Foresta team pitched the project to European investors in a 15-minute presentation followed by questions.
