After competing in a grueling seven month three phase elimination process against hundreds of other start up hopefuls, two Wharton Grad students, Irene Susantio and Brian Smith, took the top prize of $20,000 and donated professional services (lawyers, business development consultants, marketing, etc) for their proposed company Soloxia.
“Solixia’s HotDot nanoparticle–an unimaginably small cluster of radioactive atoms–would allow pinpoint delivery of radioactivity to tumors . . . Solixia’s first imaging agents would help oncologists treat breast and ovarian tumors, but the underlying HotDot technology could apply to a host of cancers. And its radioactivity could be detected via existing equipment like CT scanners, making it relatively easy to introduce to the market.” - via Forbes
More about the top winners from this year’s Wharton Business Plan competition:
Grand Prize: Solixia
Team Leader: Irene Susantio
Team Member: Brian Smith
Industry: Life Sciences/Biotech
Solixia is an early stage radiopharmaceutial company developing products that allow doctors to target radiation specifically to solid tumors. Our portfolio of product candidates include SLX-1016, a breast cancer imaging agent, and SLX-804, a treatment for ovarian cancer.
2nd Prize: Gloeckner & People’s Choice Awards
Innova Materials
Team Leader: Michael Young
Team Members: Priyanka Agarwal, Alex Mittal, Calvin Peng, Sasha Seletsky, Arjun Sriniva
Industries: Manufacturing, Other
Innova Materials is a surface modification technology company that provides a simple and easily-adoptable process to functionalize plastic and rubber surfaces. This post-manufacturing spray process, called InnlayTM embeds active particles into nearly any plastic or rubber, creating durable and functional product surfaces. Applications include anti-microbial surfaces, biosensors, and RFID tags.
3rd Prize: Proteza
Team Leader: Chrysta Irolla
Industry: Life Sciences/Biotech
Proteza develops the SmartSock, a prosthetic accessory that is worn on the residual limb of a transtibial (below-knee) amputee. This prosthetic sock contains technology that alleviates discomfort and prevents the skin breakdown commonly referred to as a pressure sores. SmartSock is made of a sweat-wicking material and has a pressure relieving system.
With this annual influx of visionary, motivated and well connected entrepreneurs over the river in University City, the most important question for us is ‘How do we get them to stay in Philly?’. As a city can we offer companies like Solixiz, Innovia Materials and Proteza free office space, funding or even tax exemption to keep them from escaping to greener pastures? Is it too much to hope the Nutter administration would redirect some of that Innovation Philadelphia money in their direction?
ATTENTION PHILLYPRENEURS
Any start-up-wanna-be can submit a business plan to the Wharton Business Plan Competition, you only have to designate a team leader, who must be a degree-candidate student at the University of Pennsylvania. With $75,000 in cash and prizes, entrepreneurial resources as well as access some serious VC’s it’s worth recruiting a promising U Penn student to your team.
More about the prestigious Wharton Business Plan competition here
Dave Speers is an online marketing consultant and blogger that has worked with a wide variety of Philadelphia Start-Ups . Dave spends most his time annoying really smart people at
Indy Hall co-working collaborative.