Madrid, April 2010. Students from IE Business School´s International MBA were the runners up of the 2010 edition of Cerebration, the annual business plan competition held in Singapore. The competition is run by NUS National University and is aimed at promoting the international growth of companies in Singapore.

Mark Peinhopf, Matteo Perondi, Joseph Berlino and Mario del Duca presented a strategic development plan for Vestas, a major international supplier of wind power solutions. The IE Business School students competed against some 500 teams comprised of students from leading business schools to reach the final of the competition, along with 5 other teams. This is the third time an IE Business School team has reached the final of Cerebration. In 2005, students Martin Paley, Sami Shiro, Tesia Hostetler and Chris Kozup from IE’s International MBA took 2^nd prize, and in 2006, Michael Cole, Mohammed Al-Menifi, Deepanjan Mukherjee, and Kapil Jhindal were overall winners of the competition.