Programs for Founders
The Startup Challenge is Venture Lab at The University of Pennsylvania’s flagship event, which brings together successful entrepreneurial alumni and Penn student entrepreneurs to showcase the best student-founded ventures from across Penn’s campus. This comprehensive platform helps Penn student entrepreneurs and their teams progress their businesses, and competing teams have the opportunity to pitch to a live audience at the Startup Showcase to win cash and in-kind prizes from an award pool of over $150,000.
The Penn Emerging Leaders in Health Innovation, Technology, and Entrepreneurship (ELITE) Fellowship offers MD, PhD, and MBA graduates- or those with equivalent experience- a paid opportunity to serve as the entrepreneurial leader of a team working to develop and commercialize a university-based technology. Fellows gain unparalleled exposure to the intersection of health, technology, and business and are equipped with the skills and mentorship needed to lead cutting-edge technology development and bring transformative solutions to the healthcare market.
The 2024 Penn Wharton China Entrepreneur Award. is given by Venture Lab and recognizes entrepreneurial achievement in China and worldwide.
VIP-X is an intense, 3-month accelerator program for the most dedicated student entrepreneurs and the most advanced startups.
The Penn Wharton Entrepreneurship Alumni Achievement Award is given by Venture Lab and recognizes excellence in the Wharton and University of Pennsylvania startup community. Recipients are chosen by the Venture Lab Advisory Board.
The Penn Wharton Innovation Fund exists to fund creative and meaningfully innovative ventures from the Penn student community while giving students on the investment team the opportunity to develop skills that will benefit them when pursuing a career in early-stage investing.
The Venture Initiation Program (VIP) is where Penn’s boldest founders turn ideas into impact. Whether you're just starting out or scaling fast, VIP is your launchpad—a high-energy, founder-first ecosystem designed to help you build, test, and grow.
Open to all of the Penn community, inclusive of undergraduate students, graduate students, and alumni. Financial award opportunities are open to all students who are enrolled full time in a University of Pennsylvania academic program.
This program is made possible via
This program is made possible via
Latest Founders Events
19
March
Need help with safeguarding your startup idea? Does the landscape of intellectual property (IP) seem vast and daunting? Venture Lab is here with 1:1 sessions tailored to help you traverse the nuances of IP for startups, featuring Josh Slavitt from Slavitt IP Law, LLC.
These sessions are only for students interested in IP and safeguarding your innovations.
These sessions are only for students interested in IP and safeguarding your innovations.
05
March
Join us for an engaging session with Sydney Couval, an investor at NewBound Ventures specializing in early-stage consumer-centric companies.
04
March
Pokemon, Teenage Mutant Ninja Turtles, Disney Princess, Squishmallows & Hot Wheels - come learn about Michael's journey with these brands!
27
February
This is a great opportunity for students interested in entrepreneurship, product leadership, and AI.
25
February
Interested in a 1:1? Sign up here: https://go.oncehub.com/AndyFriedman
This is a great opportunity for students interested in CPG, brand building, and scaling high-growth businesses.
This is a great opportunity for students interested in CPG, brand building, and scaling high-growth businesses.
Latest Founders News
Joseph Kemp, JD, MBA, MSEd (GSE '21), has been recognized on Forbes' 2025 30 Under 30 list in the Games category for his company, Games That Matter, a testament to his innovative approach to gamified education. As the creator of DISBARRED: The Card Game™, Kemp has successfully leveraged his education and the resources at Penn’s Venture Lab to transform how people engage with essential legal knowledge.
PHILADELPHIA, PA — The Penn Center for Health, Devices, and Technology (Penn Health-Tech) and Venture Lab are excited to announce the launch of the Emerging Leaders in Health Innovation, Technology, and Entrepreneurship Fellowship at the University of Pennsylvania (Penn ELITE Fellowship). This new initiative will prepare the next generation of health-tech innovators and support the commercialization of university-developed technologies, bridging academia and the healthcare industry.
via Daily Pennsylvanian
Alumni entrepreneurs who launched successful startups through Venture Lab return to guide a new wave of student innovators.
Jochi, founded by Yash Dhir, SEAS'24, and Rahul Nambiar, SEAS'24, has been making waves in the Penn startup scene, securing multiple awards and recognition, including Venture Lab's 2024 Startup Challenge's Launch Award, The AI at Wharton Award, The Audience Choice Award, the Draper Bridge Fund Award and has also taken home the prestigious President's Innovation Prize!
PHILADELPHIA, APRIL 16, 2024–The University of Pennsylvania’s Venture Lab is pleased to announce the winner of its annual Startup Challenge: Nirby, founded by Piotr Lazarek SEAS'25 W'25. Nirby is a real-time soil analytics and farmland management tool for large agricultural enterprises, leveraging satellite data and proprietary drone systems to deliver actionable insights within minutes. The tool enables up to 40% savings on fertilizer expenses and up to 15% increase in crop yields.
news provided by Kasa Living
by Jeff Schmitt, Poets&Quants
