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Penn team wins entrepreneurial innovation award
Date:10/11/2011

hich will be used to fund Luo's position as Graphene Frontier's chief scientific officer.

Patterson, who will serve as the company's CEO, met Johnson and Luo through Michael Poisel, the director of UPstart. Looking for entrepreneurs to partner with researchers, Poisel brought examples of Penn's patent portfolio to the Wharton Executive MBA program. With an interest in science and a background as a corporate executive, Patterson was drawn to Johnson and Luo's research and the excitement of working with a small company, especially one with a potentially revolutionary technology at its core.

"Everything lined up: a good team, amazing technology and a nascent market with a lot of potential," Patterson said. "I feel like we are on the ground floor with plastics in the 1950s."

As I-Corps Award recipients, the team members will attend an NSF workshop at Stanford University, where they will receive a crash course in overcoming the hurdles technology start-ups often face. They will also have the opportunity to network with potential funders and investors and to continue taking business seminars through the NSF during the next year. UPstart will continue to support the start-up through this process.

"It's an example of our ability to bring enthusiastic faculty into the world of entrepreneurialism without them having to actually leave the University to be entrepreneurs," Poisel said about the award. "We're having many discussions with other partners and investors; they have a lot of opportunity in front of them."


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Contact: Evan Lerner
elerner@upenn.edu
215-573-6604
University of Pennsylvania
Source:Eurekalert

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