Team Leader: Miranda Wang C’16
Team Members: Jeanny Yao; Alexander Simafranca C’18; Eric Friedman C’16; Daniel Chapman
Plastic pollution is a global crisis that threatens the lives of wildlife and the food safety for 4 billion people. BioCellection upcycles unrecyclable plastic waste into valuable compound rhamnolipid for textiles using genetically engineered bacteria. This invention has the potential to clean plastic pollution around the world, disrupt the textiles industry, and grow into a $100MM business in 5 years. Our vision is to turn a global crisis into an even greater opportunity.
What’s new and exciting about your business?
Recently, BioCellection’s plastics degrading technology is receiving a lot of attention and interest from China. Through our networks, we were able to validate that the plastic remediation market will generate more revenue than we had previously thought.
How did you come up with this idea?
When we were in high school, Jeanny and I entered a biotechnology science competition with our proposed project on plastic biodegradation. We won a national prize and then were invited to speak at the TED2013 conference. After doing relevant research at separate institutions for 3 more years, we decided to come back together to bring this biotechnology to market.
What does it mean to you to be one of the eight Finalists in the Wharton Business Plan Competition?
We are honored and humbled to be the only undergraduate team among the eight finalists. We have also demonstrated the value and impact of our technology as a recipient of the Social Impact Prize. Now it’s time for us to demonstrate the rigor of our business model and execution plans in this final round. We hope to challenge and learn from the other teams simultaneously.
What’s one fun fact about each member of your team?
We all love Harry Potter! We are all emotionally attached to our bacteria. We sort of see them as our pets.
If you win the Perlman Grand Prize ($30,000 cash prize, $10,000 in legal services, $5,000 in accounting/strategy services, GLG Share Fellowship), what will you do with the money?
In that case, we plan to use the fund toward business and professional development in China, including the Chinese incorporation of BioCellection’s subsidiary, filing of international patents, and funding business trips to form partnerships for our manufacturing outsourcing plan. The GLG Share Fellowship will give us exposure to some of the top leaders in business and it will go a long way for us.