It was not his first time participating in the Olin Cup, but the young Washington University alum was greeted with a much different result than last time. Eric Elias, who graduated with a degree in finance in 2007, took part in the competition in his senior year, but ran into technical issues that kept his group from being successful.

Janji, a sports apparel company founded by Washington University students, won first place in the 2011 University of Colorado at Colorado Springs (UCCS) Sports/Outdoors Business Plan Competition last weekend. The company beat out 15 other teams to win the first place prize of $20,000.

New rankings from The Princeton Review and Entrepreneur magazine rated Washington University’s programs for educating entrepreneurs the sixth best in the nation. The Skandalaris Center for Entrepreneurial Studies reaches 709 undergraduate students and 220 graduate students.

The Skandalaris Center has enabled University students to make a have a positive impact on the international community, one pair of shorts at a time. A new business run by current University students, Edele, will be selling running shorts and donating a portion of their proceeds to charity.

The Student Sustainability Fund is open for business for those who have a project in mind to make the University more sustainable. It will host IdeaBounce from noon to 1:15 p.m. on Saturday in Umrath Hall.

The YouthBridge Community Foundation pledged $450,000 over the next three years to continue funding the Social Entrepreneurship and Innovation Competition in partnership with Washington University. Each year, the Social Entrepreneurship and Innovation Competition (SEIC) awards between $25,000 and $35,000 to winning business teams that present innovative business solutions to social problems.