Y-Prize 2015-2016 Kick-Off

David HsuRichard A. Sapp Professor of Management

The Wharton School

Y-Prize 2015-2016

Enabling innovators to commercialize pioneering biomedical engineering

technologies

2 approaches to generating venture ideas

• Start with the problem to be addressed and brainstorm potential solutions

• Start with the solution or technology to be used and brainstorm potential applications

2 approaches to generating venture ideas

• Start with the problem to be addressed and brainstorm potential solutions (X-prize)

• Start with the solution or technology to be used and brainstorm potential applications (Y-prize)

Phase I: Team formation, ideation, concept development, market analysis, feasibility study (due November 6)

Phase II: Design, prototyping, developing a business plan (Finals: January 2016)

Y-Prize in Biomedical Engineering

Competition Schedule

Oct. 12 Tech Briefing, Ideation, and Team Formation Event with Wharton and SEAS faculty

Oct. 28 (tentative)

Creating Your Proposal Q&A with Wharton faculty and business consultants

Nov. 6 Submission deadline. Teams submit 5 min video pitches of their applications

Nov. 20 Finalists announced. Finalist teams are paired with a tech and business consultant

Jan. 2016 Grand Finale. Finalists present applications to a panel of judges. Grand Prize: $10,000. $2,500 for each of the 3 finalist teams

http://yprize.upenn.edu

Y-Prize in Biomedical Engineering

Judges

Dean Miller, President and Chief Executive Officer, Greater Philadelphia Alliance for Capital and Technologies (PACT)

Brian Chow, Assistant Professor of Bioengineering, University of Pennsylvania

Peter Melley, QED Program Manager, University City Science Center

Judges – Dean MillerDean Miller is President and CEO of PACT, the region's largest business association focused on emerging growth companies in the technology and healthcare industries.He is also Managing Director for Novitas Capital operating where investment for seed, start-up and early stage technology and life sciences ventures is scarce. Previously, he served as the CFO of Adaptiv Learning Systems, a venture-backed start-up company that was spun out of Penn’s Psychology Department. Dean is also Co-Founder and Vice Chairman of Wharton Private Equity Partners and has served as an adjunct faculty Wharton.

He holds a BA in Business Administration and Psychology from Franklin and Marshall College and a Wharton MBA in private Equity.

Dean Miller, President and Chief Executive Officer, Greater Philadelphia Alliance for Capital and Technologies (PACT); Private Equity Partner @ Evergreen; Managing Director, Novitas Capital

Judges – Brian ChowBrian Chow’s laboratory invents new technologies to manipulate and monitor cellular physiology in intact biological circuits.

Prior to Penn, he was at Third Rock Ventures, a life sciences venture capital firm, and served on the founding management team of SAGE Therapeutics, a company developing medicines for rare nervous system disorders. He has also held engineering roles at IBM.

Brian received his B.S. in Chemistry from Stanford University and his Ph.D. from the MIT Media Laboratory

Brian Chow, Assistant Professor of Bioengineering, University of Pennsylvania

Judges – Peter MelleyPeter Melley is the Program Manager of QED, a proof-of-concept program and investment portfolio which provides research funding and business guidance to investigators developing high-potential medical technologies in order to attract follow-on investment or expedite a tech-transfer event.

Prior to this, Peter worked for two start-ups focusing on business and legal issues.  Peter began his career as a corporate attorney at an AmLaw 50 law firm in Washington, DC. 

Peter holds a BS in Biology for The American University and a MA in Biotechnology and a JD, both from the University of Pennsylvania.

Peter Melley, QED Program Manager, University City Science Center

Y-Prize 2015-2016 Kick-Off

Saikat ChaudhuriExecutive Director, Mack Institute for Innovation Management

Interim Director, M&T ProgramAdjunct Associate Professor of Management, The Wharton School

A Central Node in a Knowledge Network

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The Mack Institute’s mission is to promote thought leadership on

innovation management and its application on campus and

beyond.

Y-Prize: A Penn Engineering/Wharton Collaboration

Mack Institute research priorities focus on study of Innovation Management

The institute provides expertise on the challenges of bringing new technologies to market

Successful commercialization must be take a cross-disciplinary approach

2015 – 2016 Technology: Biomedical Engineering

Penn Engineers are working to tackle some of medicine’s most fundamental challenges, and they’ve invented amazing technologies along the way.

The commercialization of these technologies represents the perfect integration of knowledge between Engineering and Medicine and Business.

We are excited to offer these three technologies, each of which has the potential to dramatically improve the way we deliver medical care.

2015 – 2016 Technology: Biomedical Engineering

Image Registration and SegmentationBrian Avants, Jim Gee, and Paul Yushkevich Enables diverse applications in image/video analysis and processing, ranging from detection and surveillance, to image morphing and motion modeling, to tracking and monitoring of disease and therapy.

Microfluidic FabricationDavid IssadoreAn integrated microchip to expand microfluidics to the industrial scale

Big Data Analysis PlatformZack Ives and Brian LittA software environment that rapidly integrates diverse data, networks scientists, facilitates data visualization, analysis, presentation and real time applications at scale.