PHILADLEPHIA (CBS) — The sharp minds on the College of Pennsylvania have been on show throughout a contest amongst scholar-based startups.
They have been within the operating for $one hundred,000 in money and prizes within the Penn-Wharton Startup Problem.
Every scholar workforce had a ten-minute pitch deck, or presentation, for his or her services or products, in response to Managing Director Claire Leinweber of Penn Wharton
“After which an software course of that pressured them to assume via the essential elements of their enterprise mannequin,” she defined.
Within the ultimate spherical, scholar entrepreneurs like Ruchi Banka gave one-minute pitches – actually – in an elevator.
“Our enterprise is Splaced, and our aim is to attach customers who’re on the lookout for area with companies which have underutilized area,” Banka defined.
She says Splaced needs to be the Airbnb of economic area.
One other scholar getting her M.B.A., Alexandra Dombrowski, is among the co-founders of Blik.
“It’s a worth comparability device for on-line groceries, so consider Kayak for groceries,” she stated.
The judges, who have been skilled buyers or established entrepreneurs, and predominantly alumni, evaluated the viability of every startup concept, to raised put together college students for actual-life enterprise conditions.