MILLBURN, NJ – A Hoboken University professor and former Millburn resident successfully guided a team of students to the grand prize in a virtual competition that tasked teams to develop organic businesses in the real world.
Gary Lynn, professor at Stevens Institute of Technology, joined a team of graduate students in the inaugural Global Scaling Challenge, hosted virtually by the University of New Mexico. The competition brought together 17 teams of undergraduate, graduate and doctoral teams from the United States, India, Austria and England in a three-day business scale challenge.
Lynn’s team won three first-place prizes, including the grand prize at the end of April, sharing $ 20,000 in prizes. Each student team had just two weeks to research, prepare and present new ideas to differentiate and evolve three small and medium-sized businesses working in various organic fields, according to a press release.
The teams were given 10 minutes each competition day to present their growth strategies for each company to a panel of judges, which included company executives, other venture capitalists, and senior CEOs, followed by 10 minutes of questions from these executives on operational details, markets and strategy.
Lynn is one of three full professors at Stevens’ School of Business. He is cited as the most frequently published and referenced scholar in innovation marketing, according to the release. Lynn was selected by Business 2.0 Magazine as one of the Top Nine Management Gurus in the World. He has been named twice as one of the Seven Most Prolific Thought Leaders in Technology Innovation Management by the International Association for the Management of Technology.
Dr. Lynn started, built and sold four businesses. He was previously Senior Managing Director and Chief Innovation Officer for Spencer Trask, a New York-based venture capital firm that placed $ 1 billion in 130 start-ups – where he worked with various CEOs and boards of directors. ‘administration.