Boston University School of Management Hires Renowned Venture Capitalist

Vinit Nijhawan to Teach Entrepreneurship Course and Conduct
Research on New Business Models to Attract Investment
BOSTON--(Business Wire)--Boston University School of Management announced that Vinit
Nijhawan, a highly-successful venture capitalist and CEO of technology
startups, has joined the ITEC entrepreneurship education and research
center as Lecturer and Executive-in-Residence.

Through Boston University's Institute for Technology
Entrepreneurship and Commercialization (ITEC), Mr. Nijhawan will focus
his research and teaching on innovating new business models in the
private equity and venture capital markets. His research interests
include the analysis of current venture capital market activity as
compared with other time periods and other global locations. He will
teach a graduate course, Starting New Ventures, during the spring 2008
semester. The class will focus on what makes venture capital and
private equity practitioners successful.

"I have been an entrepreneur and venture capitalist for more than
twenty five years and I am delighted to join the amazing team at ITEC
under the leadership of Jonathan Rosen to bring that knowledge and
experience to MBA students and to contribute to ITEC's research
projects," said Mr. Nijhawan. "Peter Russo, ITEC Director of
Entrepreneurship Programs, and I have been collaborating for several
years while I was President of TiE-Boston. This led me to appreciate
the desire of internationally diverse students at Boston University to
emulate the American dream and become entrepreneurs."

"The addition of Vinit Nijhawan to the ITEC Team significantly
advances every facet of our entrepreneurship program," said Jonathan
Rosen, ITEC Executive Director. "For our students, Vinit brings a
wealth of knowledge and experience that he is eager to share through
his teaching, mentoring, and career counseling. Vinit also brings a
research perspective that will help us design and implement new
business models for the next generation of sustainable and socially
responsible enterprises. We are delighted that Vinit has accepted our
invitation to join us and we are excited about this opportunity to
work together."

Mr. Nijhawan has more than 20 years of experience building four
startups. He was CEO of two, three were acquired, and the fourth now
employs over 400 people. Recently, he spent two years as a Venture
Partner at Key Venture Partners, where he sourced over 200 deals and
made one investment. Vinit's VC blog (with emphasis on US, India,
China): http://entremeister.typepad.com/vinit_nijhawan/

"Vinit's experience and research in the areas of business models
in the private equity and venture capital markets is extremely
complementary to our direction," said Peter Russo.

Mr. Nijhawan is an advisor and board member to several technology
startups and was a Mass High Tech All-Star in 2005. He has
participated in more than 100 panel discussions and paper
presentations, and is Chairman of TiE-Boston and a Board of Trustee
member of TiE Global, a non-profit that fosters entrepreneurship
globally. Mr. Nijhawan earned a B.A.Sc in electrical engineering from
the University of Waterloo in Ontario, Canada.

"Under Dean Louis Lataif's leadership, Boston University School of
Management has become a top ranked MBA program and I want to support
the effort to make it the first choice for budding entrepreneurs and
venture capitalists," said Mr. Nijhawan.

ITEC is located in the School of Management, 595 Commonwealth
Avenue, Boston, MA 02215. For more information, please email
ITEC@bu.edu or visit bu.edu/ITEC.

About Boston University School of Management

Founded as the College of Business Administration in 1913, Boston
University School of Management develops builders and leaders for the
networked-era, emphasizing the fusion of the art, science, and
technology of business. The School's holistic approach prepares the
next generation of business leaders for a world that values management
as a system of interdependent functions, decisions, people, and
technologies. It is the worldwide leader in offering a unique MS--MBA
program, a rigorous dual degree and next-generation MBA fusing a
traditional management education with expertise in the information
technologies that are transforming all businesses. The School also
offers a full range of graduate and undergraduate management degree
programs and executive education. For more information, visit
http://management.bu.edu.

About the Institute for Technology Entrepreneurship and
Commercialization

The Institute for Technology Entrepreneurship and
Commercialization (ITEC) offers a new model for entrepreneurial
research, education and commercialization. Housed at the School of
Management, ITEC promotes cross campus exchange among students,
faculty and alumni across all 17 schools and colleges at the
university. We are dedicated to the new entrepreneur who is pursuing
technologies, products, and services that meet pressing global needs
in healthcare, life sciences, alternative energy, and many other
sectors. We are focused on providing the resources to empower these
new entrepreneurs to work collaboratively, across the university and
around the world, to achieve great things and realize their dreams.
For more information, visit www.bu.edu/ITEC.

Peter Arnold Associates
Laure Kesner, 781-239-1030
lkesner@parnold.com

Copyright Business Wire 2008