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IE University MBA students raise $3.3 billion in capital

3.3 billones de dólares de capital recaudado por alumnos de MBA de IE University

Tero startup wins Madrid Venture Day.

Pitchbook has ranked IE University among the 25 best schools in the world for students who want to become entrepreneurs. IE University MBA alumni have raised capital of 3.3 billion with startups such as Glovo, Inari, Wallapop, Aura Biosciences, Invaio Sciences and others.

3.3 billones de dólares de capital recaudado por alumnos de MBA de IE UniversityClimate change solution startup Tero won the Venture Day Madrid edition. Tero consists of an ecosystem of three browser extensions that save trees when opening a tab, searching or shopping online. Second prize went to Jubba, a startup that aims to alleviate the problem of the lack of software developers in Europe and help high-quality African software developers get jobs; and third prize went to Chrysalis, a virtual platform that offers mindfulness sessions.

The best startups of this year’s IE Venture Lab have presented their projects over the last ten years at Venture Days, international events organized by the institution around the world to promote entrepreneurship. At the most recent edition, 12 finalists presented their projects before a jury and an audience of international investors and entrepreneurs.

During the event Ikhlaq Sidhu, the new Dean of the School of Science and Technology at IE University, and former founding Faculty Director and Chief Scientist of the center for Entrepreneurship & Technology at UC Berkeley, a fireside chat with with Mike Lepech, a top engineering professor at Stanford. They discussed how to be successful with new ventures in Madrid, while contrasting the advantages and disadvantages in running new ventures in Silicon Valley and Madrid.

“IE University is the 4th university in the world for entrepreneurship, this is thanks to the emphasis we place on students developing an entrepreneurial mindset. We believe that this is what will set them apart from others if they decide to become entrepreneurs or decide to work in large companies. This is the profile that companies are looking for.”

Dr. Paris de l’Etraz, the Managing Director of the Venture Lab at IE University