Press Release for Tuesday, May 20, 2008

UNF SIFE Team Places in Top 20 at National Competition

Contact: Joanna Norris, Assistant Director
Department of Media Relations and Events
(904) 620-2102

The University of North Florida Students in Free Enterprise (SIFE) team finished in the Top 20 teams in the United States for the fourth consecutive year at the SIFE USA National Exposition held last week in Chicago.

The UNF SIFE team was matched against 85 other winning regional teams from across the country. At this year’s national competition, the UNF SIFE team eventually lost to the University of Arizona, which went on to win the national championship.

“It was the great effort from the entire group that contributed to the success of the team,” said Fred Pragasam, UNF SIFE faculty advisor. “The judges were impressed with their community focused projects on finance literacy and environmental issues.”

The UNF entrepreneurial team returned to Jacksonville last month as regional winners after participating in the USA Regional Competition in Orlando, marking the organization’s 11th consecutive regional victory.

During the past academic year, the UNF SIFE team developed and completed 20 educational outreach projects in the Jacksonville community as well as a computer literacy program and entrepreneurship assistance program in Zambia, Africa, to help promote the principles of entrepreneurship.

The UNF SIFE recently received a Marcus Foundation I CHOOSE grant for $5,000 to be used towards outreach projects in local high schools. Additionally, the group received a HSBC financial literary grant for $1,000 to be used towards conducting financial workshops with high school students and members of the community.

The SIFE team also received a UNF Board initiatives grant for $6,000 and a Transformational Learning Opportunity grant from the University for $7,000 that will allow three students to travel to Zambia.

SIFE is an international non-profit organization active on over 1,800 university campuses in more than 40 countries. SIFE teams create economic opportunities in their communities by organizing outreach projects that teach market economics, entrepreneurship, personal financial success skills and business ethics.