IACBE Press Release – Reposted
New Partnership Announcement
Lenexa, Kansas USA & New York, New York USA – The International Accreditation Council for Business Education (IACBE) is pleased to announce a new partnership with CapSource, an EdTech startup that connects higher education programs with real companies for the purpose of project-based experiential learning. After a successful pilot this past April, CapSource has been officially contracted to coordinate the 2019 IACBE Annual Student Case-Study Competition held in conjunction with the 2019 Annual Conference and Assembly Meeting in Las Vegas, Nevada USA.
The new partnership is innovative and geared to propel the IACBE annual student competition to new heights through the use of Live Business Cases with real host company clients. During the 2018 IACBE Annual Conference in New Orleans, Louisiana this past April, a pilot of the new format was introduced and was very popular among participating teams and observing business faculty. CapSource Live Business Cases are designed to put students into the driver’s seat as they solve real business challenges and propose viable solutions directly to the real business executives that are in charge.
Jordan Levy, Executive Director and Founder of CapSource says, “Watching the students present directly to the host company executive team last year was invigorating and reassuring that students can absolutely produce valuable insights for companies if they’re given the right resources and structure to do so. We’re very excited about helping IACBE take the case competition to the next level by identifying companies that are interested in student insights and proud to contribute meaningfully to the education process.”
Rochelle Petway, Director of External Affairs at IACBE says, “Through this partnership, IACBE is setting the bar high for their member institutions by integrating project-based experiential learning with real host companies directly into the annual assembly meeting through the student competition. Having the students on premise and excited to compete during the annual meeting brings a critical energy to the conference and poses as a reminder that our members are here to serve students as some of the most innovative teaching and learning institutions in the world.”
For students, being able to engage with an actual company, research different options, and compete to propose the best viable solution is a priceless learning experience as they prepare to enter the professional work environment. Host companies, through these collaborative student engagements, get a chance to tap into a network of young, creative minds, whose innovate solutions can turn into actionable insights and real job opportunities.
The International Accreditation Council for Business Education (IACBE) was founded in 1997 in response to higher education administrators, business program leaders and faculty who wanted an accreditation process that was mission-driven and outcomes based. The IACBE has hundreds of member institutions with campuses worldwide, and has accredited more than 1,800 business, accounting and business-related programs worldwide. In 2017, the IACBE Greater China Office was established to work with the IACBE in providing institutions of higher education in Greater China assistance in applying for membership with IACBE.
Founded by Forbes 30 Under 30 serial EdTech entrepreneur Jordan Levy, CapSource provides traditional education programs with access to a directory of companies interested in developing students through experiential learning. Through their engaging, hands-on collaboration formats like Site Visits, Live business Cases, and Capstone Projects, students learn by working on real challenges with business leaders from host companies around the world. The CapSource team specializes in designing the engagements so that they align course teaching goals with company objectives in order to maximize outcomes for all parties.