Mike Wahl, owner of Definitions Wellness Safety Services and PhD student at Memorial, took home the 2011 Student Entrepreneur National Champion award and $10,000 cash prize, while the team from Newfoundland was crowned 2011 Students In Free Enterprise (SIFE) National Champions.
The national competition took place between May 10 and 11 in Toronto and included 45 university and college teams, and over 700 students from every province.
"By winning this award, my hope is to not only bring attention to my business accomplishments, but also to Memorial University and the province of Newfoundland," said Mr. Wahl.
For the past eight years, Mr. Wahl has co-owned and operated Definitions Wellness Safety Services, an industry-leading wellness and safety company that specializes in addressing individual health, safety and wellness concerns for individuals and companies.
In the SIFE competition, teams endured three fierce rounds of competition, including the final round, judged by a 40-personal panel comprised of top Canadian business leaders.
By clocking 26,057 volunteer hours, reaching 5,197 individuals in their community and creating an economic impact of $2,915,355 over the past year, SIFE Memorial deftly demonstrated why they should take home the cup.
"We are so thrilled and I want to acknowledge our entire team for their dedication to the community and each other this past year," said Nick Hounsell, SIFE Memorial team leader. "We are so glad to be returning to the SIFE World Cup to represent our school, our province and our country. We hope we do everyone proud!"
Operated by ACE, the SIFE program provides university and college students access to real-world experience, through the implementation of economic outreach projects that complement in-class studies.
"The SIFE team from MUN has once again shown the incredible impact they are making not only in their home province, but also across Canada," said Amy Harder, President of ACE.
Memorial will now move on to the international level of competition - the SIFE World Cup - taking place in Kuala Lumpur, Malaysia from October 3 to 5, 2011. There, student teams from dozens of countries will compete for the ultimate title of World Cup Champion.