YES President Julian Revie '02 said he was impressed by this year's entries, and attributed the increased quality of entries to the full year of educational programs YES has instituted to help entrants develop their plans.
"This year's pool of winners is much, much stronger than what we've had in past years," Revie
said."It's taken us a while to develop the competition and the educational programs.This year's entrants were much better prepared."
said the majority of past winners have formed companies that still exist in one form or another, although many have moved out of New Haven or merged with other companies.
Although a number of schools have similar competitions, YES'
competition is unique in featuring a social entrepreneurship category, where businesses must be nonprofit or have a charitable mission.
"We define entrepreneurship very broadly," Revie
said."We really don't focus on starting profitable businesses.We focus on the development of entrepreneurial ideas."
This year's Y50K competition was held in conjunction with YES'
Innovation Summit, a two-day conference held at the Law School that featured a wide range of speeches and panel discussions.
A total of 451 people from 21 states and four countries attended the summit, Revie