By Nadine Kavanaugh, Associate Director, Wharton Entrepreneurship
Every year, Wharton Entrepreneurship gives several awards to students who demonstrate clear entrepreneurial prowess. There’s the Wharton Venture Award, which gives several students $10,000 each to work on their ventures for the summer rather than going the more traditional internship route, and the Loveman Award, a cash prize of $1,000 , which goes to the undergraduate specializing in Entrepreneurship with the highest cumulative GPA. But only one award requires the recipients to have first won something else before they even qualify for consideration: The Emil K. Woods Award.
In order to receive the Woods Award, an entrepreneur must be a member of the Venture Initiation Program and have already received a Snider Seed Award, $2,500 in seed capital to assist students in the early stages of launching their business. So really, these students need to have crossed two thresholds before they can apply for the Woods Award.
The Woods Award grants $7,500 to entrepreneurs who have made substantial progress in building their ventures. The award is both a nod to the hard work that students have put in and a vote of confidence in these entrepreneurs and their ventures.
We are therefore especially proud to announce two 2014 Woods Award winners:
Dick Zhang alumnus and Andy Wu PhD’16 of Identified Technologies delivers a system of flying robots to collect data, for today’s data-driven industrial businesses, in settings where it is too dangerous or physically impossible to currently place sensors. Identified Technologies was also a “Great Eight” finalist in the Wharton Business Plan Competition and winner of the Committee Award for Best Use of Technology.
Brendan Green C’07/WG’14 and Dan Clay WG’14 of DigiPuppets – are finger puppets that can operate any touchscreen. They come with fun educational apps that bring our characters to life and add joy to touchscreen learning.
Each of these two teams will receive the full $7,500, and we at Wharton Entrepreneurship are excited to see the next steps they make in building their ventures.