Muscling Its Way to Victory: MuscleMorph Wins Wharton Business Plan Competition Grand Prize with Novel New Motion Technology; Lightweight, Efficient Motor Uses Polymers to Mimic Biological Muscles For Prosthetics, Robotics.PHILADELPHIA -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: MUSCLING ITS WAY TO VICTORY: MUSCLEMORPH WINS WHARTON BUSINESS PLAN COMPETITION GRAND PRIZE WITH NOVEL NEW MOTION TECHNOLOGY; LIGHTWEIGHT, EFFICIENT MOTOR USES POLYMERS TO MIMIC BIOLOGICAL MUSCLES FOR PROSTHETICS pros·thet·ics n. The branch of medicine or surgery that deals with the production and application of artificial body parts. pros , ROBOTICS Student team, MuscleMorph, whose technologically advanced motor is lighter, higher performing and more cost efficient than any currently offered, won the $20,000 grand prize of the Wharton Business Plan Competition (http://bpc.wharton.upenn.edu). The prize was awarded at the Wharton School's annual Venture Finals April 25, 2006 where student finalists received a total of $70,000 in combined cash prizes, access to capital and in-kind legal/accounting services. The students of MuscleMorph, which already won the grand prize of PennVention 2006--an invention competition sponsored by the University of Pennsylvania's Weiss Technology House-- include Rahul Kothari, a second year Wharton School MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration student from Aurora, Ontario Aurora (2006 Population 47,629[1]) is an affluent Canadian town in York Region, approximately 40 km north of Toronto. It is situated on the Oak Ridges Moraine in a part of the Greater Toronto Area and the Golden Horseshoe. , Canada; Howard Katzenberg, a second year Wharton School MBA student from Rockland County, New York Rockland County is a county located in the U.S. state of New York, 12 miles north-northwest of New York City. As of the 2000 census, the population was 286,753. The county seat is New City. The name comes from "rocky land," an early description of the area given by settlers. ; Kevin Galloway, a University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. PhD candidate in Engineering from Lake Stevens, WA; and Rodrigo Alvarez a Penn alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. from Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , Mexico. The 2006 Wharton Business Plan Competition winners are: --Grand Prize: $20,000 to MuscleMorph (provider of lightweight motion devices for prosthetic pros·thet·ic adj. 1. Serving as or relating to a prosthesis. 2. Of or relating to prosthetics. prosthetic serving as a substitute; pertaining to prostheses or to prosthetics. and robotic applications); --Second Prize ($10,000) & the Frederick H. Gloeckner Award ($5,000, (for highest ranking undergraduate team) to: IntelliStem (hip implants using proprietary electrical stimulation technology to prevent pain associated with bone loss and ensure long-term effectiveness); --Third Prize: $5,000 to Home-Base (call center outsourcing agency that provides first class customer service using spouses of active military personnel as agents working out of their own homes) --Finalist Certificates: Biometric Payment Solutions; Focus Therapeutics; iBroker; Leto Pharmaceuticals; OrthoLab Technologies This year's Venture Finals, the culminating event of the year-long Wharton BPC BPC British Potato Council BPC Brewton-Parker College (Mt Vernon, GA) BPC Bible Presbyterian Church BPC Bangladesh Petroleum Corporation (Chittagong, Bangladesh) BPC British Pharmaceutical Codex , attracted scores of venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , business leaders, faculty and students. The Venture Finals judges who selected the winning teams represented a range of organizations and included: --Art Bilger, W'75, Managing Member of Shelter Capital Partners; --Clark Callander, WG'86, Managing Director, Savvian, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; --Lawrence Lenihan, WG'93, Senior Managing Director, Pequot Ventures; --Carol Marino, Vice President, Venture Investments, Johnson & Johnson Development Corp.; --Sherrill Neff, Managing Partner, Quaker BioVentures MuscleMorph, the Grand Prize winning team, has filed two provisional patents for its lighter, quieter, more durable motor (or actuator A mechanism that causes a device to be turned on or off, adjusted or moved. The motor and mechanism that moves the head assembly on a disk drive or an arm of a robot is called an actuator. See access arm. ). The device's technology features electro-active polymers that are uniquely able to convert electrical energy into mechanical energy. The technology will allow prosthetic designers greater design flexibility with such users as the 1.8 million amputees in the U.S. In its Venture Finals presentation the team asserted that current motor technology has not advanced significantly in fifty years. Second place winning team IntelliStem not only won $10,000 for their overall finish, they also won the Frederick H. Gloeckner Award of $5,000 for the highest-ranking Wharton undergraduate team in the Wharton BPC. Over the years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time 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, Stata Labs, DealMaven, Verge Solutions and MicroMRI. In fact, grand prize winners from four of the past five years are still in business with several earning millions in revenue and/or financing. Information about past participants is available on the Wharton BPC Web site: http://bpc.wharton.upenn.edu. About the Wharton School and Wharton Entrepreneurial Programs In 1973, The Wharton School became the first school to develop a fully integrated curriculum of entrepreneurial studies. Today Wharton, through Wharton Entrepreneurial Programs (www.wep.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. The Wharton School of the University of Pennsylvania The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton, making it the world’s oldest business school. -- 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 more than 4,600 undergraduate, MBA, executive MBA including those at Wharton West , and doctoral students; more than 8,000 annual participants in executive education programs; and an alumni network of more than 81,000 graduates. Wharton at 125: www.wharton.upenn.edu For more information on the Wharton Business Plan Competition, go to: http://bpc.wharton.upenn.edu. |
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