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Wharton Business Plan Competition Michelson Grand Prize Winners Announced
Date:4/29/2010

Strong Backbone for Victory: Cortical Concepts Wins Wharton Business Plan Competition Michelson Grand Prize with Device that Helps Osteoporosis Patients Improve Bone Strength; “Kembrel.com” Wins “People’s Choice” Award with Private Sales for Co-eds

Philadelphia, PA (PRWEB) April 29, 2010 -- The Wharton School of the University of Pennsylvania announced that student team Cortical Concepts, whose “Cortical Anchor” device aims to increase spine stability for osteoporosis surgery patients, won the $20,000 Michelson Grand Prize of the 2010 Wharton Business Plan Competition (http://bpc.wharton.upenn.edu). The prize was awarded at the Wharton School’s annual Venture Finals, April 28, 2010, where student finalists received more than $75,000 in combined cash prizes and in-kind legal/accounting services.

Cortical Concepts has filed a provisional patent for not only its device but for its method of applying an anchor--similar to drywall anchors used in home building--to bone screws used in spinal surgery. Its advisors include the Co-director of Spine Surgery at Johns Hopkins University.

The Venture Finals, which is the year-long Competition’s culminating event, attracted nearly 350 venture capitalists, business leaders, faculty members and students.
For the first time ever, three $1,000 awards were bestowed by the student management committee of the Wharton BPC. The committee awarded prizes in the following categories: “social,” “global,”` and “committee’s choice.”

The 2010 Wharton Business Plan Competition winners are:

1.   Michelson Grand Prize: $20,000 to Cortical Concepts (device for osteoporosis patients’ long term bone screw surgery
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