Toronto, ON (October 1, 2012) – The SIFE team from Memorial University of Newfoundland, representing Canada, has moved on to the semi-final round of competition at the World Cup 2012 currently being held in Washington, D.C. from September 30 to October 2. The team competed against Swaziland, Malaysia, Vietnam, and Thailand in the opening round of competition and will now go up against Morocco, Ghana and the United States of America in the semi-final round of competition.

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.

“We are delighted to cheer on Memorial as they advance to the semi-final round of competition”, comments ACE President Nicole Almond. “This team is representing Canada because they have improved the quality of life for those in need with their entrepreneurial projects creating local solutions to global economic challenges.”



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