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CUNY Institute for Virtual Enterprise

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The stock market game is taken to a whole new level in the Global Virtual Economy.   Students run virtual businesses in a Global Virtual Economy.   The Leadership Program bridges the gap between academic education and real-world implementation.

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  VE-IT Virtual Economy and Backbone Honored with Best of New York Award

The Center for Digital Government, a national research and advisory institute on information technology policies and best practices in state and local government, has named CUNY's Institute for Virtual Enterprise's VE-IT Virtual Economy and Backbone the �Project Demonstrating Most Innovative Use of Technology� in its Best of New York 2008 awards program.

The VE-IT Economy is a simulation where technicians and students can develop business, technology and interpersonal skills by creating and operating virtual technology companies and doing business with similar firms worldwide. The announcement was made on February 29, 2008 by Janet Grenslitt, Director of the Survey and Award Programs at the Center for Digital Government and Education. The award recognizes organizations, teams or individuals that have implemented creative technology applications to foster and enhance economic development in their jurisdictions. �The clearest demonstration of the impact of the technology is the expansion of our network,� said Edgar Troudt, CUNY IVE�s Technology Director. �Prior to the VE-IT Technology Backbone, the VE network was realistically limited to transactions within an institution, or at best the New York Metropolitan Area. The regular network now spans thirteen cities with two international partners. In the 2007 VE Stock Market Competition, over a thousand students from twenty cities and five countries -- including Austria, Denmark and China�exchanged 268,000 shares. We�re very proud of this accomplishment and look forward to further expansion.� Other Best of New York 2008 award recipients include the New York State Department of Motor Vehicles and New York City Transit. The award was presented on March 19, 2008 at the Best of New York event held at the Albany Marriott.

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Posted on 2008-03-25 10:32:20  [ Return to Previous Page ]          

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