BPC - Prizes

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WBPC Details :: Prizes
Each year, through the generosity of our sponsors, the Wharton Business Plan Competition awards cash prizes and access to capital and services. In addition, this year each of our six in-kind sponsors have donated a minimum of $5,000 of legal or accounting services to the winners.

Student teams participating in the Wharton Business Plan Competition compete for $75,000 in cash and prizes, as well as access to entrepreneurial resources or capital which are awarded at the Venture Finals. Judges will award the following prizes:

Michelson Grand Prize: $20,000, plus:

Opportunities to represent The Wharton School at other business plan competitions around the world. (See below for more information.)
$5,000 in legal services.
$5,000 in accounting/strategy services.

The Michelson Grand Prize is made possible through the generosity of The Gary Karlin Michelson, M.D. Charitable Foundation, Inc. In addition to his support of the Wharton Business Plan Competition, Gary Karlin Michelson MD has also established the Found Animals Foundation Inc. (www.foundanimals.org), and sponsored The Michelson Prize and Grants in Reproductive Biology.

Second Prize: $10,000, plus:

$5,000 in legal services.
$5,000 in accounting/strategy services.

Third Prize: $5,000, plus:

$5,000 in legal services.
$5,000 in accounting/strategy services.

People's Choice Award: $3,000

Best Undergraduate Business Plan: $5,000
The Frederick H. Gloeckner Award in Entrepreneurial Studies is given to the highest-ranking Wharton undergraduate team in the Wharton Business Plan Competition. At least 50% of the team must be made up of Wharton undergraduate students. The team must reach Phase 3 (the top 25) and submit a business plan for consideration as a Finalist.

Distribution of Prizes
Prize money will only be distributed to one member of a winning team. That member must be a fully matriculated student (graduate or undergraduate) of the University of Pennsylvania and will be responsible for dividing prize monies among all team members. This student will also be the recipient of and point of contact for the In-kind awards.