This past Thursday, 8 finalists pitched their start-up ideas to judges in hopes of winning big prizes to make turn their ideas into reality. After two hours of pitches, the judges picked four outstanding teams to take home prizes. Meet our winners: Aerate (1st Place), BioAlert Technologies (2nd Place), PillBot (3rd Place), and Keaton (People’s Choice Award).
Aerate (1st Place)
Aerate, founded by Connor Sendel, Yann Pfitzer, Sam Weintraub, Jake Fine, Spencer Collins, and Ashwin Kishen, aims to become the future of cooling. Rising temperatures will make cooling a necessity for ¾ of the world by 2100. In turn, globally, the number of room air conditioners is expected to increase by 3.3 million with energy demand for cooling tripling by 2050. A 5x increase in air conditioner efficiency is required to mitigate this environmental threat. To address this need, Aerate si developing an air conditioner that uses a novel combined member dehumidification and evaporative-cooling process to provide affordable cooling around the world. They plan to initially focus on the Indian market, which has distinct needs and will be responsible for the largest growth in air conditioner demand. Developing this innovative system over the next several years, Aerate will initially invest heavily in R&D before shifting to manufacturing and marketing efforts. Aerate took home first place at Pennvention.
BioAlert Technologies (2nd Place)
The second place winner was BioAlert Technologies, founded by Marc Rosenberg, Nathan Zlochevsky, Soleil Valentin-Carrero, Stephen McKenna, Johnny Forde, Gerard Hoeltzel, Alex Cameron. BioAlert is an integrative smart bandage that detects the onset of infection on a given wound surface. The smart bandage functions as a combination of a dressing and real-time diagnostic test applied to open wounds on the body. With real-time monitoring of bacterial proliferation, you can be alerted of the onset of a specific bacterial infection to be administered and preventing further complications
Pillbot (3rd Place)
PillBot, founded by Christopher Lee, Robert Zhang, Johnny Wang, came in third place. They are working on a completely secure, automatic, mini pill dispenser that directly targets the issue of highly addictive medication. They are B2B, going directly through pharmacies with insurance. Their device is inexpensive, and its restrictive dispensing would make it impossible for patients to overtake or divert their medication. PillBot makes every player in the industry happy. INsurance will billions of dollars in prescription fees. Pharmacies will be able to increase their revenue and provide more value in an increasingly value-based system. Doctors will be more connected to their patients allowing for better treatment options. And finally, after interviewing over 150 patients, over 70% rated their device a 9 or 10 out of 10 in usefulness. Why use a pill bottle, when we can all use PillBot?
Keaton (People’s Choice Award)
Keaton took home the People’s Choice Award. Keaton offers thoughtfully-designed work pants created by women, for women. Keaton’s founder is a Wharton second-year MBA, Melina Flabiano. Melina loves fashion but hates her work wear. As a management consultant, she traveled constantly and was struck by how her clothes would wrinkle easily and required frequent, expensive dry cleaning. After hearing her peers complain about the same issues, she created Keaton. Keaton’s first product, the Perfect Pant, is a machine-washable, non-wrinkly pant with roomy front pockets. The product was designed with input from over 300 professional women. The brand opened online sales in February and will be hosting a series of try-on events during the Spring. Keaton’s vision is to transform the workplace into a space where women can express their personal style and be their best.
Congratulations again to all our winners, and for all the finalists as well!