2017 BUD ALBIN Challenge
Peter T. Paul College of Business and Economics
In the Bud Albin Challenge Round students vie for one of six spaces in the Holloway Prize Innovation-to-Market Competition Championship Round. Teams present their business concepts to a panel of judges using PowerPoint, a poster and a prototype of their innovation if available. Students are allotted ten minutes to present to the panel of judges comprised of representatives from business and industry, followed by 15 minutes of Q&A with the judges.
About the Benefactor:
Harold C. "Bud" Albin, Jr. '55 is an active and generous supporter of his alma mater, most notably in the area of entrepreneurship and business development.
After working full-time and attending the University of Maryland part-time, Bud Albin enrolled at the University of New Hampshire. Following graduation, Mr. Albin entered the U.S. Navy Officer Candidate School in Newport, Rhode Island, and became a Naval Aviator. He was attached to squadrons in Georgia, Rhode Island and Virginia, piloting all weather fighter/interceptors.
In 1961, Mr. Albin joined a small company that manufactured steel parts. He continued his active participation in the Naval Reserve in flying status and was promoted to Officer-in-Charge. Mr. Albin retired from the Naval Reserve in 1978 at the rank of Captain.
While serving in the Reserve, he founded Albin Industries, which sold copying supplies. Shortly after its start-up, Mr. Albin expanded the company to include the sale and servicing of copier and fax machines. When sold to Konica Business Machines in 1995, Albin Industries had grown to a business employing 185 people.
In honor of his fiftieth class reunion, Mr. Albin established the endowment that bears his name to encourage and advance entrepreneurship within the Whittemore School of Business and Economics and support activities related to entrepreneurship, primarily in New Hampshire.
The Albin Entrepreneurship Fund supports faculty and administrative programs that link students with entrepreneurs; provides consulting support for new start-up companies; supports lectures and in-residence programs; funds external entrepreneurship competitions; and brings UNH students, faculty, and industry experts to the larger community.
Mr. Albin earned his Bachelor of Science at the University of New Hampshire, was awarded an MBA degree from Wayne State College and completed Harvard University's Owner/President Management program.