Toronto, ON (October 2, 2012) – The Students In Free Enterprise (SIFE) team from Memorial University of Newfoundland, representing Canada, has ranked in the top 16 in the world at the World Cup 2012 held in Washington, D.C. After three grueling rounds of competition involving national champion teams from 38 countries, Team Canada place in the top 16 with Egypt placing second and the United States of America winning the global championship.

“The SIFE team at Memorial University of Newfoundland did a remarkable job today in competition”. Commented Nicole Almond, President ACE. “The reach of their projects, deep commitment to their community and the passion and dedication of their team is truly inspiring. They represented Canada with pride.”

With a team of 69 students, SIFE Memorial operated 13 community outreach projects, created 64 jobs and generated over 1.6 million in economic opportunity. This included projects such as “Based in Business”, which teaches medically discharged and retired military personnel how to successfully start and run their own business.



About World Cup:

World Cup 2012 provides a showcase of the impact that teams are achieving around the world and will bring together an international network of more than 3,000 student, academic, and business leaders from 38 countries. Through a written annual report and live audio visual presentation, teams will be evaluated based on how successful they were at using business concepts to improve the quality of life and standard of living for people in need. For more information, visit