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.
Courtesy of the Wharton Venture Initiation Program, ChronoWake has been provided new office space in Vance Hall, including free services (e.g. printing, faxing, copying). The mailing address corresponding to this new office is:
Wharton Venture Initiation Program
Vance Hall 408
3733 Spruce Street
Philadelphia, PA 19104-6374
Thanks to Wharton VIP for providing these valuable resources!
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.