Applications are now open, with a deadline for submission on February 15.
Finalists will be announced by mid-March and winners at the end of March.
- Wharton/Penn undergraduate students are eligible to use the award between the junior and senior years of the undergraduate program.
- Wharton MBAs are eligible to use the award between the first and second years of the MBA program. Other Penn graduate students are eligible to use the award during the summer before their final year at Penn.
- SVA cannot be combined with any other cash award given for the same purpose (e.g., the Jacobson Venture Award).
- An existing business is only eligible if before the start of the current academic year it has received less than $100,000 in institutional funding. Institutional funding includes any funding from angel investors, VCs (any stage, including seed) and/or accelerator/incubator programs.
- Students must be in good academic standing at Wharton/Penn.
- Students must be committed to working full-time to develop the venture over the summer after receiving the award.
- Students must agree to the terms and conditions of the award.
When you apply for a Summer Venture Award, you will be asked to provide:
Students must have a well-developed venture concept. Applications require the submission of the following:
- Slide deck – 10-20 slides covering the following topics:
- The leadership of the company
- Your product or service
- Your target customer
- The problem you are solving for your customer
- How you plan to reach your customers
- Market opportunity; sales and marketing plan
- Financial projections
- Current status of the venture and major milestones to be completed over the summer
- Essay describing your entrepreneurial achievements, short-term and long-term entrepreneurial career goals, and plans for utilizing the awards funds (2 pages max)
- Resumes for the Founder/Co-founder
- Elevator Pitch Video The video can be an “elevator pitch” or simply a description in your own words of your venture concept. It should be no more than 2 minutes long.
- Please make sure that the video is set to public, and therefore viewable by our selection committee. Videos that are set to private or password protected cannot be seen and thus could result in your team’s disqualification for an incomplete application.
Finalists for the award will be required to pitch their ventures on campus to the selection committee as part of the selection process on March 31, 2017. Award winners will be chosen by a selection committee of Penn/Wharton alumni entrepreneurs, VCs, and other professionals.