Competition :: Prizes

Competition Prizes

---

Student teams participating in the WBPC compete for $70,000 in cash prizes and access to entrepreneurial resources or capital. Judges will select the winners of the following prizes at the Venture Finals:

Grand Prize: $20,000
Second Prize: $10,000
Third Prize: $5,000

Wharton Undergraduate Award

---

The Frederick H. Gloeckner Award in Entrepreneurial Studies is given to the highest-ranking Wharton undergraduate team in the WBPC. At least 50% of the team must be made up of Wharton undergraduate students. The team must reach the semi-finals and submit a business plan for consideration as a finalist.

In-kind Legal and Accounting Services

---

Each of the prize winners (Grand, Second and Third) will receive up to $10,000 of combined in-kind legal and accounting services from prominent Philadelphia firms.

Wharton Venture Initation Program [Link]

---

In addition to receiving a cash prize, the University of Pennsylvania students on the Grand Prize winning team are automatically accepted into the Venture Initiation Program (VIP), Wharton Entrepreneurial Programs’s educational program for Penn student entrepreneurs seeking guidance and mentoring. Participants receive coaching and mentoring from VIP advisors and staff, co-location with other entrepreneurs, resources of the greater Wharton community, along with credibility and validation. Teams may also elect to participate in WBPC and VIP simultaneously.