Sponsored by Eric Aroesty, C’92

Startup Challenge and Startup Showcase Prizes
2021-2022

The Perlman Grand Prize

  • $30,000 cash prize

The Perlman Grand Prize is made possible by a generous endowed donation from Ellen Hanson Perlman and Richard E. Perlman (W’68). The contribution represents the largest endowed gift to the Startup Showcase and will provide funding for this award in perpetuity. The winner is chosen by the Startup Challenge Finals judges, from the pool of 8 Finalists.

Runner-Up

  • $15,000 cash prize

The winner will be chosen by the Startup Challenge Finals judges, from the pool of 8 Finalists.

The Linn Family Innovation Prize

  • $10,000 cash prize

The Linn Family Innovation Prize is awarded to the team who is pursuing a venture that will, when brought to fruition, have true impact, disrupt the usual way of doing business, and accomplish real change in the world. The winner will be chosen by the Startup Challenge Finals judges, from the pool of 8 Finalists. Funding for this award is provided by the generous donation of Missy Bechler Linn, NU’91 and Eric A. Linn, W’92.

Launch Award

  • $10,000 cash prize

The Launch Award is given to the team with the best go-to-market strategy and demonstrated traction. The venture may have already launched in the marketplace or may have a launch date that is imminent. The winner will be chosen by the Startup Challenge Finals judges, from the pool of 8 Finalists.

The Robert S. Blank New Venture Collaboration Award

  • $10,000 cash prize

This award is given to the highest-ranking team in the Startup Challenge Semifinals or Finals who best exemplifies the ability to collaborate across multiple disciplines of study at the University of Pennsylvania. Funding for this award is provided by the generous donation of Michael and Christine Angelakis and the Angelakis Family Foundation.

The Frederick H. Gloeckner Award for Best Undergraduate Team

  • $10,000 cash prize

This award is given to the highest-ranking undergraduate team in the Startup Challenge Semifinals or Finals. At least 50% of the team must be made up of Penn undergraduate students. Funding for this award is provided by the generous donation of the Frederick H. Gloeckner Fund.

The Jacobson Social Impact Prize

  • $10,000 cash prize

This award is granted to a social impact venture. Funding for this award is provided by the generous donation of Andrew Jacobson, WG’93 and Marina Kunis Jacobson, G’93, WG’93.

The AI for Business Award

  • $10,000 each cash prize for two ventures

These awards are given to the two teams in the Startup Challenge Semifinals or Finals who best exemplify the usage of innovative artificial intelligence in their business model.

Weiss Tech House Audience Choice Award

  • $5,000 cash prize

Awarded based on audience vote to one of the teams participating in the final round. Weiss Tech House focuses on engineering and technology startups and is thrilled to be supporting the Startup Challenge.

In-Kind Awards

Select winning teams will also receive in-kind awards of $10,000 for legal services and $5,000 for accounting and strategy services from the in-kind sponsors of the Startup Challenge.

Questions? Email Cathy Ogur.

2020-21 Startup Challenge Sponsors

Grand Prize Sponsors

Ellen H. and Richard E. Perlman, W’68

Sponsor of the Venture Lab Startup Challenge

Eric Aroesty, C’92

In-Kind Sponsors

Blank Rome LLP
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