The President’s Innovation Prize is an award for graduating seniors. 2017 will be the second year for this prize.
All student entries must satisfy three core requirements, among others things:
– Entries must include a social impact component — specifically, entries must describe how they will positively impact others and provide a social benefit.
– Entries must embody and advance the Penn Compact 2020’s core commitment to innovation
– Project ideas must be envisioned as commercial enterprises sustainable over time.
Like the President’s Engagement Prizes, the President’s Innovation Prize will be open to all full-time undergraduates in good academic standing in SAS or the Engineering, Nursing, or Wharton undergraduate divisions who have completed at least three-quarters of the credits needed for their baccalaureate degree and who are scheduled to graduate in May, August, or December of the award year.
Prize funds may not be used to support graduate study.
There is no strict GPA cutoff for prize entrants, but academic record and performance will be taken into consideration by the Selection Committee.
Students may apply as either individuals or in teams of up to five (5) members, with rationale for teams and specification of team members’ roles.
The President’s Innovation Prize application process is competitive and consists of several rounds. These rounds – a hybrid between a case competition, a boardroom product pitch, and a formal fellowship process – are described below.
Like the President’s Engagement Prizes, the Center for Undergraduate Research and Fellowships will serve as the principal public interface of the President’s Innovation Prize among the student body. The Penn Center for Innovation will work closely alongside CURF to provide support in reviewing and evaluating applications.
One individual or team will be selected for the President’s Innovation Prize each year. Each Prize will be $100,000. Winners will also receive a living stipend of $50,000 per team member [again, a maximum of five (5) students per team.]
Info Sessions: (full details here)
Friday, 9/23: 1-2 p.m.
Thursday, 9/29: 3-4 p.m.
Friday, 9/30: 2-3 p.m.
Thursday, 10/13: 3-4 p.m.
Monday, 10/17: 3-4 p.m.
Tuesday, 10/25: 4-5 p.m.
Thursday, 11/10: 4-5 p.m.
Tuesday, 11/29: 3-4 p.m.
Monday, 12/5: 4-5 p.m.