We are happy to announce that Rob Goldstein, Chief Financial Officer, has been selected as one of eight finalists for the Wharton Venture Award. Following a presentation to the Wharton Venture Award Selection Committee, consisting of prominent venture capitalists and successful entrepreneurs, three of these eight finalists are selected to receive $10,000 cash.
ChronoWake is honored to have been selected as a finalist for this prestigious award. We would like to greatly thank Wharton Entrepreneurial Programs and the Wharton Venture Award Selection Committee for such an exceptional distinction.
The ChronoWake Team put together a two minute “elevator pitch” video as a part of a scholarship application. The finals will take place in Amsterdam on November 21, 2008 (all expenses paid), and the winner receives $30,000 in cash.
Ryan Goldstein, President/CEO, gave a venture pitch earlier today to a panel from the Wharton Venture Initiation Program (Wharton VIP). This round of applications was even more competitive than usual, with 42 applicants (many of whom were Wharton MBA students) for only about 5 available spots. ChronoWake has been officially accepted into this very selective program.
In Phase I, Wharton VIP assists in transitioning from the business overview stage to a fully-developed executive summary or business plan. Through workshops, group advising with an accomplished professional, the use of VIP workspace, and various networking contacts, Wharton VIP helps to hone venture concepts, explore venture viability, and prepare for venture implementation. In Phase II, the ventures are developed further, implementation begins, a post-VIP venture strategy is devised, and seed capital of $2,500 is provided. Acceptance into this exclusive program is a huge step forward for ChronoWake.