We were notified today that the Innovation Fund Committee has accepted ChronoWake to the Weiss Tech House Innovation Fund. This allows our venture to take advantage of the services offered to teams admitted to this organization, including free access to laboratory space for prototyping, legal services for intellectual property protection, and more. Additionally, we are provided a $1,000 grant to help fund the development of our physical product.
ChronoWake is proud to join the ranks of several prominent, successful Innovation Fund projects. We would like to thank the Innovation Fund Committee and the Weiss Tech House for providing this great opportunity to advance our venture!
Ryan Goldstein, President/CEO, pitched the business concept for ChronoWake to the Engineering Entrepreneurship II class. Of the 30 ventures pitched, the class collectively selected ChronoWake as one of the six to pursue and develop, culminating in a comprehensive business plan. In April 2009, the plan will be presented to a distinguished panel of recognized entrepreneurs, investors, and advisors from the high-tech industry. This blue-ribbon panel will likely include angel investors, venture capitol partners, successful high-tech entrepreneurs, business incubator representatives, early-stage business consultants, accounting firm managers, intellectual property attorneys, corporate venture fund executives, and corporate innovation managers.
We would like to thank the Engineering Entrepreneurship department for this fantastic opportunity to further our venture objectives.
Based on the current research and development state of ChronoWake, the team decided that reapplication to Phase I in the Wharton Venture Initiation Program is the best course of action. We are proud to announce that ChronoWake has been successfully accepted to continue in Wharton VIP as a Phase I venture. This extends the guidance and support through this program up through May 2009, at which time another reapplication is required. From the acceptance letter:
We have enjoyed working with you in the Wharton Venture Initiation Program. We are delighted to grant your request to remain in Phase I of the program for the Spring semester.
The ChronoWake Team would like to congratulate and welcome the newly accepted ventures:
MeetPeoplePlaces.com: MeetPeoplePlaces.com is a professional website where people can choose the place, choose the people, and choose the time to find new local and on-travel business relationships.
Nubeco Consultores: Nubeco Consulting is an innovative service firm that provides a variety of representation services to operators of Eco-tourism and Adventure sports in Latin America.
Pandora’s Closet: Pandora’s Closet is a searchable clothing website that uses consumers’ stated and implicit preferences to narrow their search results (similar to how Pandora.com uses listeners’ preferences to send them the most suitable music selections).
Sourcerer: Sourcerer offers a big step in the evolution of the process of conducting research, increasing information sharing and accessibility while bringing together academics, graduate students, and professionals.
Planet Sujo: Sujo is an online marketplace for renewable energy solutions.
DocAsap: Online medical appointment scheduling service.
YourCampus360: YourCampus360 creates virtual campus tours for colleges that give prospective students the ability to experience what it is truly like to live on campus and become a member of the college’s community.