AUSTIN, Texas—Winners of the 2007 Global Moot Corp Competition hosted by The University of Texas at Austin will open the NASDAQ stock market Friday, Aug. 10 in New York City at 9:30 a.m. EDT.
Rob Adams, director of the Moot Corp program and management lecturer at the McCombs School of Business, will do the honors along with the Omega Sensors team from San Diego State University. Omega Sensors won a $100,000 prize package after being named the Global Moot Corp Champion last May 5.
Omega Sensors has a patented an optical displacement sensing technique for use in accelerometers, gyroscopes, pressure sensors, temperature sensors and magnetometers. Team members are Brad Chisum and Nick Rhea and Alex DeNoble is the faculty adviser.
"The national exposure of opening the NASDAQ further enhances the reputation of the winner and adds tremendously to the excitement of being named the global champion," Adams said.
Started at The University of Texas at Austin by Master of Business Administration (MBA) students in 1984, the Moot Corp competition is the oldest and largest new venture competition in the world, and it provides MBA student teams with a chance to simulate the process of raising venture capital. This year, 35 teams from universities around the world traveled to Austin for the competition.
High-resolution photographs of the NASDAQ opening are available to the media online.