Wharton Business Plan Competition Michelson Grand Prize Winners ... (success) 2. Second Priz...)

Wharton Business Plan Competition Michelson Grand Prize Winners Announced

Date:4/29/2010

success)
2.   Second Prize: $10,000 to NanoLab (calculator-sized device the can perform accurate diagnostic tests at point of care)
3.   Third Prize: $5,000 to R2R Therapeutics (cationic steroid antibiotic to treat infections caused by drug-resistant bacteria)
4.   Gloeckner Undergraduate Award: $5,000 for the highest ranking Wharton undergraduate team to PowerFlower Solar (design and manufacture of solar devices to allow farmers to “grow” electricity).
5.   People's Choice Award: $3,000 to Kembrel.com (private sales clubs for students offering discounted brand name products)
6.   Committee Prize/Social category: Ecoclutch (sustainable bags)
7.   Committee Prize/Global category: Hector (nutrient rich “PowerWater” drink in innovative pouch for emerging markets)
8.   Committee Prize/Committee’s Choice category: PowerFlower Solar

University of Pennsylvania Medical School student Stephanie Huang, Cortical Concepts’ team leader, stated in her Venture Finals presentation that the company’s device will improve long term health for nearly 10 million osteoporosis patients in the US at risk. The team has completed a small scale pre-clinical trial with human cadaveric spine, performed mechanical bench-top testing and completed four rounds of beta prototyping. Competitors in nearly a dozen nationwide business plan contests, Cortical Concepts has raised over $40,000 in grant funding.

Over the years, the Wharton Business Plan Competition, which is open to any University of Pennsylvania student and managed by Wharton Entrepreneurial Programs, has seen numerous student teams go on to become successful businesses including PayMyBills.com, buySAFE, NetConversions, Integral Molecular, DealMaven, InfraScan, Warby Parker Eyewear, Embrace Pet Insurance, Petplan USA and MicroMRI.
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