IE Admission Process • Question D

IE Admissions Question D Mateo Monsalve

• Student at USFQ in Quito-Ecuador

• Currently on my fifth and last year of an

Economics Major

• Finance Vice-President of student

government and student representative for

the Academic Affairs Comittee

Background: Who am I?

Introduction

2

IE Admissions Question D Mateo Monsalve3

Introduction • Background

• Problem to be solved

IE Admissions Question D Mateo Monsalve

• Students willing to do research at an

undergraduate level do not have

access to any way of funding.

• Student entrepreneurs do not have

acces to any form of funding to stablish

their own business.

• The prestige of my universtity was at

stake, no funding means no innovation

and no entreprenourship, which means

no recognition.

Background: What was the

problem?

Introduction

4

Solution• Reinventing Gobe-Grants

• Process

• The final product

IE Admissions Question D Mateo Monsalve

Gobe-Grants

6

IE Admissions Question D Mateo Monsalve

What is a Gobe-Grant?

7

IE Admissions Question D Mateo Monsalve

What is a Gobe-Grant?

8

With the help of the student

government (Gobe), I

developed a plan to fund

students ideas. The plan is

called Gobe-Grants and it

consists of two types of

financial aid.

IE Admissions Question D Mateo Monsalve

Types of Gobe-Grant

9

1. Research Gobe-Grant: Focused to help

students that want to do research, participate

in an academic competion.

1. Nonreimbursable.

2. Three application windows throughout the

semester.

2. Entreprenourship Loan: Loan granted by

Gobe with the purpose of helping student

entreprenours to establish their own business.

1. Reimbursable.

2. Interest of 5%

3. Payable at the end of each semester.

4. Open application

IE Application Mateo Xavier Monsalve Crespo Question D

Gobe-Grants Process

Who can applyAny USFQ

undergraduate student or

USFQ official club

Application

process

Research Gobe-Grant

Selection of jury and

Gobe-Grant Consesion

Loan Repaymemt

Loans are payable at

the end of each

semester

Business pitch

The project is presented

to Gobe-Grants Panel

Who can apply?

Any USFQ student or

alumni

10

Researc

h

Entreprenourship

Results• Results of research

Gobe-Grants

• Results of

entreprenourship Loans

IE Application Mateo Xavier Monsalve Crespo Question D

Gobe-Grant Applications

0

10

20

30

40

50

November December January Febraury

Research Grant Loan

• Students have shown

increasing interest in Gobe-

Grants.

• The number of applicants has

increased considerably since

its instauration in November

2014.

• Applicants from all University’s

departments, including faculty

and University clubs.

Evolution of Gobe-Grants

18

IE Admissions Question D Mateo Monsalve

• Over the lapsus of four months, 12 research

Gobe-Grants were granted.

• The Grants were destined to community

projects, research (engineering, economics,

law), academic competition.

• Groups that recieved the Gobe-Grants went

on to win academic competitions and

research awards at a national as well as at

an international level.

13

Results Research Gobe-Grants

IE Admissions Question D Mateo Monsalve

• A total of 17 applications to recieve a loan to

start a business.

• Last semester every loan was fully

reimbursed, making a profit for the student

government to which the Gobe-Grants

program belongs.

14

Results Entreprenourship Loans

IE Admissions Question D Mateo Monsalve

Results

15

Further Information

To get more information on the USFQ Gobe or the Gobe-Grants program please visit:

http://www.usfq.edu.ec/estudiantes/gobe/Paginas/gobe.aspx