Students from the Graduate School of Business took home the top prize in the third annual International Tech Strategy Business Case Competition hosted by Ericsson and Boston University. The invitational featured eight international teams and eight U.S. teams, all of which were comprised of “digital natives,” or people who had grown up in the online digital world.

Competing teams were presented with a real market challenge facing a leading Ericsson telecommunications customer and asked to build a case for a comprehensive solution. Representatives from across all Ericsson Business Units worldwide judged the competition.

“Because these students are truly global citizens . . . we couldn’t have worked with a more influential group of young people who will shape the future of our industry,” said Stephen Newman, Ericsson’s program director for executive development, in a press release.

The first place team from Stanford received $25,000 for its extraordinary performance. Daniel Murillo served as team captain, joined by team members Alex Salazar, Dafina Ivanova Toncheva and Gabriel Efstathios Tavridis.

The second place team, which received $15,000, was from the Kenan-Flagler Business School of the University of North Carolina. The third place finishers were from the London Business School and the fourth place finishers were from the University of Texas at Austin.