...Changing The World

BioCellection [2016].

Project Description

BioCellection [2016]

  • Miranda Wang C’16 (team leader)
  • Jeanny Yao
  • Alexander Simafranca C’18
  • Eric Friedman C’16
  • Daniel Chapman
BioCellection - Michelson People's Choice Award 2016 - Wharton Business Plan Competition
Descriptive

Plastic pollution is a global crisis that threatens the lives of wildlife and the food safety of 4 billion people. BioCellection converts unrecyclable plastics into valuable materials using genetically engineered bacteria. For example, plastics are transformed into the valuable compound, rhamnolipid, to create textiles. This innovation has the potential to reduce plastic pollution around the world, disrupt the textile industry, and grow into a $100MM business in 5 years. Our vision is to turn a global crisis into an even greater opportunity.

The company had its start four years ago, when Vancouver, BC based high school friends Miranda Wang and Jeanny Yao entered a biotechnology science competition with their proposed project on plastic biodegradation. They won a national prize, and then were invited to speak at the TED2013 conference. In college, both Miranda and Jeanny continued to pursue relevant scientific research, and this year they decided to found BioCellection to turn their research into a startup with the potential to change the world. Founded by University of Pennsylvania undergraduates Miranda Wang, Alexander Simafranca, and Eric Friedman, and their teammates Jeanny Yao and Daniel Chapman, BioCellection is the first undergraduate team to win the Grand Prize.

And the Winner Is…

BioCellection won the $30,000 Perlman Grand Prize of the 2016 Wharton Business Plan Competition—as well as the Wharton Social Impact Prize, the Gloeckner Undergraduate Award, the Michelson People’s Choice Award, and the Committee Award for Most ‘Wow Factor,’ making them the first team in BPC history to win five awards. The prizes were awarded at the Wharton School’s annual Venture Finals on April 28, 2016, where student finalists received more than $125,000 in combined cash prizes and in-kind legal/accounting services.

The Venture Finals, which is the BPC’s culminating event, attracted over 200 entrepreneurs, venture capitalists, business leaders, faculty members, alumni and students. This year 150 venture concepts submitted to the competition, with over 350 individual participants from across six Schools at the University of Pennsylvania. While the Venture Finals judges deliberated the top three prizes, the “Great Eight” Finalist teams competed for the Michelson People’s Choice Award, which allowed the audience to vote for their favorite elevator pitch. This year, for the first time, the elevator pitches were streamed live on Facebook, and the digital audience was also allowed to vote.

Michelson People's Choice Award 2016: Biocellection- Jeanny Yao, Miranda Wang, Alexander Simafranca.BioCellection won the $30,000 Perlman Grand Prize of the 2016 Wharton Business Plan Competition—as well as the Wharton Social Impact Prize, the Gloeckner Undergraduate Award, the Michelson People’s Choice Award, and the Committee Award for Most ‘Wow Factor,’ making them the first team in BPC history to win five awards. Founded by University of Pennsylvania undergraduates Miranda Wang, Alexander Simafranca, and Eric Friedman, and their teammates Jeanny Yao and Daniel Chapman, BioCellection is the first undergraduate team to win the Grand Prize.

Judges
  • David A. Cohen (PAR’14/PAR’16/PAR’17), CEO, Chief Investment Officer and Co-founder, Karlin Asset Management, Inc.
  • Carol Curley (WG’81), Managing Director, Golden Seeds.
  • Marc Lore (Wharton alum), Founder and CEO, Jet.com.
  • Richard Perlman (W’68), Founder & Executive Chairman, ExamWorks Group, Inc.
  • Stephen Tang (WG’92), President and CEO, University City Science Center.
  • Tracey Weber (WG’95), Strategic Advisor, Gilt and Hudson’s Bay Company.
References
Media
The Michelson Medical Research Foundation is a proud Platinum sponsor of the Wharton Business Plan Competition and benefactor of the Michelson Entrepreneurship Award thanks to the generous support of Gary K. Michelson and his wife, Alya Michelson.

The Michelson Medical Research Foundation is a proud Platinum sponsor of the Wharton Business Plan Competition and benefactor of the Michelson Entrepreneurship Award thanks to the generous support of Gary K. Michelson and his wife, Alya Michelson.

The Michelson Medical Research Foundation is a proud Platinum sponsor of the Wharton Business Plan Competition and benefactor of the Michelson Entrepreneurship Award thanks to the generous support of Gary K. Michelson and his wife, Alya Michelson.

The Michelson Medical Research Foundation is a proud Platinum sponsor of the Wharton Business Plan Competition and benefactor of the Michelson Entrepreneurship Award thanks to the generous support of Gary K. Michelson and his wife, Alya Michelson.

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