Navigation Links
2016 Wharton Business Plan Competition Perlman Grand Prize Winner BioCellection is Cleaning the Oceans with Bioengineered Bacteria
Date:4/29/2016

The Wharton School of the University of Pennsylvania announced that student team BioCellection won the $30,000 Perlman Grand Prize of the 2016 Wharton Business Plan Competition—as well as the Wharton Social Impact Prize, the Gloeckner Undergraduate Award, the Michelson People’s Choice Award, and the Committee Award for Most ‘Wow Factor,’ making them the first team in BPC history to win five awards. Founded by University of Pennsylvania undergraduates Miranda Wang, Alexander Simafranca, and Eric Friedman, and their teammates Jeanny Yao and Daniel Chapman, BioCellection is the first undergraduate team to win the Grand Prize. The prizes were awarded at the Wharton School’s annual Venture Finals on April 28, 2016, where student finalists received more than $125,000 in combined cash prizes and in-kind legal/accounting services.

BioCellection converts unrecyclable plastics into valuable materials using genetically engineered bacteria. The company had its start four years ago, when Vancouver, BC based high school friends Miranda Wang and Jeanny Yao entered a biotechnology science competition with their proposed project on plastic biodegradation. They won a national prize, and then were invited to speak at the TED2013 conference. In college, both Miranda and Jeanny continued to pursue relevant scientific research, and this year they decided to found BioCellection to turn their research into a startup with the potential to change the world.

The Venture Finals, which is the Wharton BPC’s culminating event, attracted over 200 entrepreneurs, venture capitalists, business leaders, faculty members, alumni and students.  This year the competition had 150 venture concepts submitted, with over 350 individual participants from across six Schools at the University of Pennsylvania. While the Venture Finals judges deliberated the top three prizes, the “Great Eight” Finalist teams competed for the Michelson People’s Choice Award, which allowed the audience to vote for their favorite elevator pitch. This year, for the first time, the elevator pitches were streamed live on Facebook, and the digital audience was also allowed to vote.

The 2016 Wharton Business Plan Competition winners are:
1.    Perlman Grand Prize: $30,000 to BioCellection
2.    Second Prize: $15,000 to brEdcrumb
3.    Third Prize: $10,000 to WeTrain (WeTrain won the Committee Choice award at last year’s Venture Finals)
4.    Wharton Social Impact Prize: $10,000 to BioCellection
5.    Gloeckner Undergraduate Award: $10,000 for the highest ranking undergraduate team to BioCellection
6.    Michelson People's Choice Award: $3,000 to BioCellection
7.    Committee Award for Best Pitch: $1,000 to Qorum
8.    Committee Award for Best Use of Technology: $1,000 to Barn Owl
9.    Committee Award for Most ‘Wow Factor’: $1,000 to BioCellection

Over the years, the Wharton Business Plan Competition, which is open to any University of Pennsylvania student and managed by Wharton Entrepreneurship, has seen numerous student teams go on to become successful businesses. Previous participants in the Competition include ventures such as eyeglass phenom Warby Parker, dominant Brazilian baby e-commerce site Baby.com.br, and drug R&D company Integral Molecular.

Venture Finals judges were:

  •     David Cohen (PAR'14/PAR'16/PAR'17), CEO, Chief Investment Officer and Co-founder, Karlin Asset Management, Inc.
  •     Carol Curley (WG'81), Managing Director, Golden Seeds
  •     Marc Lore (Wharton alum), Founder and CEO, Jet.com
  •     Richard Perlman (W'68), Founder & Executive Chairman, ExamWorks Group, Inc.
  •     Stephen Tang (WG'92), President and CEO, University City Science Center
  •     Tracey Weber (WG'95), Strategic Advisor, Gilt and Hudson's Bay Company

WBPC Sponsors:

  •     Perlman Grand Prize Sponsor: Ellen Hanson and Richard E. Perlman (W’68)
  •     Platinum Sponsor: Gary and Alya Michelson Foundations
  •     Gold Sponsor: Eric Aroesty (C’92)
  •     Silver Sponsor: Safeguard Scientifics
  •     In-kind Sponsors: Blank Rome LLP, Duane Morris LLP, GLG Share, Grant Thornton, KPMG, Morgan Lewis & Bockius LLP; WeWork

Note: WG=MBA alum; W=Undergraduate Wharton alum; PAR=Penn parent; GEN=Master’s, Engineering and Applied Science; C=Undergraduate College alum

###

About the Wharton School and Wharton Entrepreneurship

In 1973, The Wharton School became the first school to develop a fully integrated curriculum of entrepreneurial studies. Today Wharton, through Wharton Entrepreneurship (http://entrepreneurship.wharton.upenn.edu/), supports and seeds innovation and entrepreneurship globally through teaching, research and outreach to a range of organizations through its many programs, initiatives and research centers. At the same time, Wharton students and alumni are helping to build entrepreneurial enterprises around the world and impacting virtually every industry. For more information on the Wharton Business Plan Competition, visit the Web site.

The Wharton School of the University of Pennsylvania __title__ ]— founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 94,000 graduates.

###

Media Contact
Peter Winicov, Director, Wharton Media Relations
215-746-6471 | winicov(at)wharton.upenn.edu

Read the full story at http://www.prweb.com/releases/2016/05/prweb13381157.htm.


'/>"/>
Source: PRWeb
Copyright©2016 Vocus, Inc.
All rights reserved


Related medicine news :

1. 2016 Wharton People Analytics Conference Features Nobel Laureate Daniel Kahneman, Zappos' Tony Hsieh, Soccer Great Abby Wambach on Data-driven Approach to Managing People
2. The Wharton School of the University of Pennsylvania Announces $10 Million Gift to Name and Expand the Impact of the Anne and John McNulty Leadership Program
3. Wharton Seminars for Business Journalists to Hold No-Cost New York Program on Fed Policy & Real Estate, March 3, 2016
4. Reporters Visiting Philadelphia for Historic Pope Francis Visit Now Eligible for Oct 11 - 14 Scholarship Opportunities to Wharton Seminars for Business Journalists
5. Providence Insurance Group: Small Businesses See Big Hikes in Health Plan Costs
6. Harmony Healthcare International (HHI) Receives ACHCA Business Partner Award
7. FLC Industry Day Highlights Federal Laboratory Resources Available to Small Business and Entrepreneurs
8. Nashville Business Executive Joins PYA
9. Business Architecture Guild Announces the Winner of the First Business Architecture Guild Case Study Award
10. Altec Attends Epicor Insights 2016 as Silver Sponsor, Demonstrating How Integrated Document Management Solution doc-link Expedites Business Processes for Epicor Solutions
11. Virsys12 Adds Certified Developer, Expands Business Development
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Pekin, IL (PRWEB) , ... October 13, 2017 ... ... Foundation, which established the certification process to promote standards of excellence for the ... iaedp™ Symposium, scheduled for March 22 – 25, 2018 in Orlando, Florida at ...
(Date:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance that covers ... companies have a waiver for care if the client has a cognitive impairment diagnosis. ... pays for care, is often waived, so the benefits from their insurance start immediately,” ...
(Date:10/13/2017)... ... October 13, 2017 , ... Talented ... the lowdown on sciatica in a new episode of "Success Files," which is ... events and innovation and investigates each subject in-depth with passion and integrity. , ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... are now treating sleep apnea using cutting-edge Oventus O2Vent technology. As ... serious sleep disorder characterized by frequent cessation in breathing. Oral appliances can offer ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, a nationally recognized health ... expanded their existing home health joint venture through an agreement, effective October 1, ... joint venture home health company with Asante, delivering clinically integrated care, for the ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2, 2017 Diplomat Pharmacy, Inc. (NYSE: ... and Consulting, LLC , and named its founder as ... in Tennessee , will operate under ... EnvoyHealth,s service offerings for health care partners to include ... "In an interoperable world, technology delivers ...
(Date:10/2/2017)... 2017 Halo Labs announces the European launch of their ... HORIZON at MIBio 2017 in Cambridge, U.K ... matter in biopharmaceutical samples with unprecedented speed and sensitivity while using ... Backgrounded Membrane Imaging. ... subvisible particle analysis system ...
(Date:9/28/2017)... Sept. 28, 2017 Cohen Veterans Bioscience and ... use of wearable and home sensors for real-time monitoring ... Signal Foundation, a nonprofit organization focused on disruptive health ... an affordable analytical system to record and integrate behavioral, ... ...
Breaking Medicine Technology: