Resources for Students

Awards and Fellowships

Mouse over an award for a summary; click for detailed information.

Entrepreneurial Intern Fellowship

Available to Penn Undergraduates, First Year MBAs

The Wharton Entrepreneurial Intern Fellowship is awarded to students who plan to spend the summer in an entrepreneurial setting and who demonstrate both a commitment to entrepreneurship at Penn and to pursuing an entrepreneurial career. The Fellowship Program seeks to identify outstanding individuals to serve as Ambassadors of Entrepreneurship, to promote the entrepreneurial career path to the Penn student community, and to assist in providing continuity for this program after their summer internships.

Beginning in 2011, two types of Fellowships are available to students: Prequalified and Traditional. Prequalified Intern Fellowships are awarded to up to 4 intern fellows who will receive matching awards of $4,000 each. Award recipients have until mid-April to secure and commit to an internship at a start-up. If an internship is not secured by the April deadline, the fellowship is surrendered.

Traditional Intern Fellowships are awarded after a student has secured his/her summer internship. The number of fellowships awarded will be determined by need and number of applicants. Awards will range from $500 to $5,000.

Gloeckner Award

Available to Undergraduates

Application Process: Awarded to the highest ranking Undergraduate team competing in the BPC.

Awarded each year in conjunction with the Wharton Business Plan Competition, this award of $10,000 supports the best business plan by an undergraduate team in entrepreneurial management. The Gloeckner Award will be 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 the semi-finals (the top 25) and submit a business plan for consideration as a finalist.

Check the WBPC website for information on the competition and award winners.

If no team meets these criteria, the Award will be given at the discretion of Wharton Entrepreneurship.

Loveman Award

Available to Undergraduates

Application Process: based upon GPA.

Each year the Loveman Award, a cash prize of $1000, is given to the student(s) with the highest cumulative GPA graduating with a Specialization in Entrepreneurship and Innovation. Winners are notified in the spring.

Ian C. MacMillan Award for Excellence in Research and Leadership

Available to Undergraduates

Application Process: based upon discretion of the Sol C. Snider Research Center

This award is for an outstanding undergraduate who has worked as a research assistant at the Snider Entrepreneurial Research Center for at least 2 years. The recipient must be able to demonstrate creative abilities in doing Internet and library research, data compilation and data analysis. This individual must also demonstrate strong leadership qualities, especially while working with team members and the willingness to take the extra step in pursuing various research projects. Candidates will be selected from the Snider Entrepreneurial Research Center's team of Research Assistants.

The Edward B. Shils/Leonard L. Zeidman Fellowships in Entrepreneurship

Available to MBA Students

Application Process: based upon discretion of the MBA Financial Aid Office

The Shils-Zeidman Fellowships in Entrepreneurship are awarded by Wharton Entrepreneurship annually to select incoming MBA students from under-represented US minority groups, developing countries, and Israel who have financial need and an intent to study entrepreneurship. Up to $10,000 is awarded to entering first-year students who meet eligibility criteria and demonstrate a commitment to entrepreneurship in their admissions essays. Fellowships are renewable in the second year of the MBA program contingent on good academic standing.

Sol C. Snider Seed Award

Available to any current member of the Venture Initiation Program, who has been in the program for at least one semester.

Application Process: open to any VIP member who has been in the program for at least one semester

The Snider Seed Award is designated to provide seed capital to assist University of Pennsylvania students in the execution of the initial stages of their business plan. The Snider Seed Award is administered by Wharton Entrepreneurship in conjunction with the Wharton Venture Initiation Program (VIP).

More information is available on our VIP web page.

Wharton Innovation Fund

The Wharton Innovation Fund provides seed funding to innovative, scalable startups founded by Penn students, faculty, staff, and even recent alumni. It seeks to stimulate creative thinking about big problems.

Wharton Venture Award

Funding provided in part by the generosity of The Heller Family Foundation

Available to Wharton Undergraduate Juniors and First-Year MBA Students.

Application Process: open application available in the Spring semester. Check Wharton Entrepreneurship website for updates.

The Wharton Venture Award (WVA) of $10,000 is intended to assist students financially over the summer in lieu of full-time internships so that they can concentrate on developing their entrepreneurial ventures. Winners are required to work on their ventures full-time over the summer. Wharton undergraduate juniors and first-year MBA students who are developing a venture are welcome to apply.

Emil K. Woods Award

Available to any VIP who has received an earlier see award

Application Process: eligible students are invited to apply

The Woods Award grants $7,500 awards to entrepreneurs within the Venture Initiation Program who have made substantial progress in the development of their businesses. Money is awarded to those students who have exhibited significant growth in their ventures since receiving an earlier seed award from the Venture Initiation Program.

More information is available on our VIP web page