London Business School MBA student John Priestland has won a $15,000 scholarship from Internet venture capitalists Arts Alliance, to develop his ebusiness, an online collectors' forum.
Priestland's project Collectorfair.com aims to put buyers and sellers of rare collectibles, such as books, stamps and coins, in touch.
In the US, four Harvard students received a similar award for a healthcare industry initiative dubbed e-care, which aims to link doctors, chemists, drug manufacturers and insurance companies via an umbrella website.
Arts Alliance has enjoyed considerable success with its portfolio of 'e-investments', which include the UK Internet travel bureau lastminute.com and the Spinner online music service, which was recently acquired by AOL.
It launched the scholarship scheme last year as a means of encouraging entrepreneurial activity among young people.
In addition to the cash, winners receive access to Arts Alliance staff who can help develop their business plans and launch strategies.
The firm plans to make four awards each year to LBS and Harvard students.
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