Michigan Business Challenge Seigle Impact Track Winner Announced

Ann Arbor, March 18, 2018 – The winner of the 2019 Michigan Business Challenge – Seigle Impact Track is Dear Black Women (Florence Noel,MBA/MSI 2019), an affirmation movement and social network for Black women to heal, connect and grow. The Seigle Impact Track competition, co-sponsored by the Zell Lurie InstituteBusiness+Impact, and the Erb Institute, began in November with over 50 teams. Eight semi-finalists competed on February 8 for the four finalist spots in the Seigle finals competition.

Other finalists included:

NeoHealth is a company dedicated to eliminating counterfeit drugs in developing countries. It is estimated that over 1,000,000 people die each year solely due to counterfeit drugs. We have developed a low-cost device that attaches to a phone and utilizes the camera to detect whether an antimalarial is counterfeit or authentic.  — Sujai Arakali (BS 2020), Derrell Chapman (BS 2019)

Practical Prosthetics integrates 3D printing in the prosthetic manufacturing process, developing functional prosthetics operated by an independent and intuitive control system. The technology necessary to make affordable and accessible prosthetics exists—Practical Prosthetics is simply putting it to use and challenging the stigma that prosthetics need to be complicated and expensive. — Harrison Price (BSE 2021), Joseph Schuman (BS 2021), Ethan Russo (BBA 2021), Anthony Salmeron (BSE 2021)

SubQ Assist is a task-shifting device that facilitates the consistent and accurate administration of subcutaneous contraceptive implants thereby minimizing the likelihood of complications during removal and allowing minimally trained healthcare workers to provide safe access in rural areas. — Vinayak Gokhale (MBA 2019)

Dear Black Women received $15,000 for first place in the Seigle Impact Track and $100 for third place in Elevator Pitch competition.

Practical Prosthetics was the Seigle Impact Track Runner-up ($7,500), won the Best Undergraduate Team Award ($5,000) and the Williamson Cross-function Team Award ($5,000). Seigle finalist NeoHealth won a Positive Organizing Award ($2,500) and a Best Showcase Award ($250).  

The expert judging panel for the Seigle Impact Track finals was comprised of:

  • Carolyn Cassin – Belle Impact Fund
  • Loch McCabe – Shepherd Advisors
  • Marissa Guananja – W.K. Kellogg Foundation  

The Michigan Business Challenge is a campus-wide, multi-round business plan competition, of which the Seigle Impact Track is a subset focused on entrepreneurial student ventures focused on social  and/or environmental impact.  The competition is open to all students of the University of Michigan, and multidisciplinary teams are encouraged. 

Aspen International MBA Case Competition

Schedule

  • Feb. 22 – Mar. 24 Team finder open
  • Mar. 25 Team registrations due
  • Mar. 29 – Apr. 1 – U-M Campus Challenge
  • Apr. 25-26 – Finals in NYC

INTERNATIONAL COMPETITION COMES TO ROSS

Michigan Ross has been selected to partner on the Aspen Institute’s 2019 Business & Society International MBA Case Competition. This preeminent program differs from other MBA case study competitions in that its focus is explicitly on environmental, social, and ethical decisions currently being faced by a real business. The top five teams worldwide will be flown to NYC to present in front of corporate, academic and other friends of the Aspen Institute and to compete for a share of over $30,000 in scholarship funds.

This spring more than 1,000 students from 25 business schools will tackle a brand new case study, authored by the Yale School of Management, requiring innovative thinking at the intersection of corporate profitability and positive social and environmental impacts. As a student participant, you will step into a real-life, time-sensitive scenario demanding integrative decision-making — not unlike the challenges that you and your teammates will face as the next generation of business leadership.

U-M students are welcome to find a team and register for the competition online.  Team Registrations are due by noon EST on March 25.

The Aspen Institute’s Case Competition has many sponsors and offers a meaningful opportunity for reflection on the significant and positive influence that a well-managed business can have on society.

Complete information on the competition can  be found on the Aspen Business & Society International MBA Case Competition Website.

SubQ Assist: Michigan Business Challenge – Seigle Impact Track Finalist Team

Who are the team members?

Vinayak Gokhale (MBA ’19, MD)
Ibrahim Mohedas (ME)

How did you decide your team name?

The name is same as that of the product/invention. It is derived from a functional description of the device as a “subcutaneous contraceptive implantation assistive device”

Tell us briefly about your business idea.

The product was created using ethnographic design technique. This involves researchers observing and/or interacting with a study’s participants in their real-life environment. Thus, a problem related to contraception in low resource settings was identified and a solution devised. It provides an extremely cost-effective way to provide access to affordable, long term contraception to women living in areas with lack or severe scarcity of trained medical personnel.

How has the MBC experience helped transform your approach to business strategy?

The MBC experience has forced us to identify and commit to a single best commercialization strategy and has helped us focus our efforts on finding ways of making it happen.

What do you think will be the long-term impact of the implementation of this idea?

SubQ Assist has the potential to revolutionize contraception delivery in low resource settings and to boost the adoption of subcutaneous implants as drug delivery devices for a range of indications in developed as well as developing markets.

What been your biggest takeaway from this experience?

No matter how much you have accomplished with a venture, working with a structured format toward clear objectives as well as obtaining independent feedback and fresh perspective, is always invaluable.

If you win, what will you do immediately following the competition?

Update my resume, buy some really expensive market research reports, and celebrate!

NeoHealth: Michigan Business Challenge – Seigle Impact Track Finalist Team

Who are the team members?

Sujai Arakali (BS, Cell Biology ’20)
Derrell Chapman (BS, Philosophy, ’19)

How did you decide your team name?

We wanted a name that showed that we were a modern medical innovation company, so we brainstormed a bunch of names until we both agreed on NeoHealth.

Tell us briefly about your business idea.

NeoHealth focuses on eliminating the global problem of counterfeit drugs through a low-cost device that attaches to the back of a phone and utilizes the camera to detect counterfeit drugs. We hope that it makes a significant reduction in the number of counterfeit pharmaceuticals and ends up saving lives.

How has the MBC experience helped transform your approach to business strategy?

Prior to MBC, both of us were primarily focused on the technical development of the product and lacked knowledge of how to pitch our project or develop a projection for our financials. The mentorship and workshops helped teach us skills essential for the development of a successful company.

What do you think will be the long-term impact of the implementation of this idea?

An estimated 1,000,000 deaths occur each year due to counterfeit pharmaceuticals. We hope that our product will be able significantly reduce the number of lives impacted by counterfeit pharmaceuticals in developing country

What been your biggest takeaway from this experience?

Starting a business can be one of the most exciting yet difficult tasks. Thankfully the University of Michigan has countless resources to help make this experience as easy as possible.

If you win, what will you do immediately following the competition?

Get back to work. An entrepreneur never has time to relax.

Dear Black Women: Michigan Business Challenge – Seigle Impact Track Finalist Team

Who are the team members?

Florence Noel (MBA/MSI ’19)

How did you decide your team name?

Dear Black Women is grounded in Black women’s affirmations to themselves. ‘Dear Black Women’ was the perfect way to symbolize our love and care for ourselves.

Tell us briefly about your business idea.

Dear Black Women is an affirmation movement and network for Black women to heal, connect and grow. We specialize in curating offline and online spaces that create community and increase the social capital of Black women in the movement. The Dear Black Women dream is to be present in every major city in the United States where Black woman want us and to change the lives of the Black women in this movement.

How has the MBC experience helped transform your approach to business strategy?

MBC has helped me in so many ways. One of my favorite ways is in helping me refine Dear Black Women’s value proposition and strategies for attracting and delivering value to Black women in our movement.

What do you think will be the long-term impact of the implementation of this idea?

Simply put: Black women will save their own lives. In community.

What been your biggest takeaway from this experience?

Keep. Going. It’s scary and overwhelming and without guarantee, but all your hard work and vision is worth the leap. Keep. Going.

If you win, what will you do immediately following the competition?

Alert the thousands of Black women in the movement and tell them to tell everyone they love! Then,  party with Dear Black Women in the area. Then, cry. Then, sleep. Then, begin reinvesting in the business. Order may vary.

Is there anything else you would like to tell us?

I dedicate this to every Black woman before me whose life made mine possible. And every Black woman alongside me and after me whose life reflects the best in us. All of their journeys offer me examples of love, strength, courage and wisdom. I follow them. I thank them. I am them.

Four Impact Teams Move on to the Finals of the Michigan Business Challenge

February 11, 2019 – Ann Arbor – Business+Impact wants to thank all the teams and judges involved in Round Two of this year’s Michigan Business Challenge – Seigle Impact Track! The competition has been very successful thus far, and the 8 teams from Round Two did a lot of hard work on their presentations. The Impact Track had a panel of three judges from the professional world.

In addition to the four Impact Track teams moving on, a total of eight teams will move on in the main track (Acqua e Rosa, Bschool Travel, Dough, Holly Keith Lingerie, LineLeap, MONTA, Plaque Buster, and SubQ Assist).

Judges for round two included:

  • Raymond Guthrie of the American Heart Association
  • Bryan Hogle of the Kresge Foundation, and
  • Romy Kochan of Gingras Global Inc.

The Seigle Impact Track finals will take place on March 15, 2019 from 12:30 – 3 pm at the Ross School of Business. The following teams will participate there:

Dear Black Women is an affirmation movement and social network, online and offline that grows the social capital of Black women. — Florence Noel (MBA/MSI 2019)

NeoHealth is a company dedicated to eliminating counterfeit drugs in developing countries. It is estimated that over 1,000,000 people die each year solely due to counterfeit drugs. We have developed a low-cost device that attaches to a phone and utilizes the camera to detect whether an antimalarial is counterfeit or authentic.  — Sujai Arakali (BS 2020), Derrell Chapman (BS 2019)

Practical Prosthetics integrates 3D printing in the prosthetic manufacturing process, developing functional prosthetics operated by an independent and intuitive control system. The technology necessary to make affordable and accessible prosthetics exists—Practical Prosthetics is simply putting it to use and challenging the stigma that prosthetics need to be complicated and expensive. — Harrison Price (BSE 2021), Joseph Schuman (BS 2021), Ethan Russo (BBA 2021), Anthony Salmeron (BSE 2021)

SubQ Assist is a task-shifting device that facilitates the consistent and accurate administration of subcutaneous contraceptive implants thereby minimizing the likelihood of complications during removal and allowing minimally trained healthcare workers to provide safe access in rural areas. — Vinayak Gokhale (MBA 2019)

It is worth noting that SubQ Assist has also been invited to compete in the final round of the main track. 

The Michigan Business Challenge – Seigle Impact Trackis a campus-wide, multi-round business plan competition where the winning team has the opportunity to win $15,000, gain feedback from judges and expand their business network. The competition is open to all students of the University of Michigan, and multidisciplinary teams are encouraged. It is sponsored by the Zell Lurie Institute, Business+Impact, and the Erb Institute.

View photos of the event

LISTEN NOW: Eight Short Talks from Some of the Smartest People at U-M about the Future of Society

It’s a big, hairy question: What does the future of society look like, and how is technology changing the way we solve our biggest challenges?

During a recent event, leaders and researchers from across the University of Michigan came together in a one-of-a-kind interdisciplinary event to work towards gaining answers. “The Choice” event, co-organized by Jerry Davis, Michigan Ross professor and associate dean for Business + Impact, asked faculty and researchers from across the university to question how we make the choices that we do as a society — by democracy, market, hierarchy, or increasingly by algorithm — and how those choices influence and contribute to our collective ability to flourish as a society.

Take a listen to the talks below, and share your favorites.

Law  | Dating and Social Life  | News and Information  | Self-Driving Cars  |  Community Organizing  | Bitcoin and Blockchain  | Democracy  | Education

Read more at Michigan Ross >

U-M establishes advisory group to integrate Detroit engagement

Keeping with the University of Michigan’s commitment to integrate and strengthen engagement efforts in the city of Detroit, the university recently established the Detroit Advisory Group and named a new special adviser on Detroit engagement.

The new position and advisory group — consisting of faculty and staff from all three U-M campuses — are charged with supporting the university’s mission of research, education and service in partnership with Detroit communities.

Read more >

Board Fellows Forum a Great Success

There is a significant challenge (and opportunity) for nonprofits to recruit the next generation of nonprofit board leaders. Currently, individuals under the age of 40 make up less than 17% of nonprofit board positions. To reduce this gap, nonprofits will need to employ a number of strategies to recruit and retain younger members. This discussion, titled “Preparing the Next Generation of Nonprofit Board Fellows,” focused on the value of a younger perspective on nonprofit boards and the efforts in place to adapt to this generational shift. Panelists included Emmanuel Jones, Founder of Mentor2Youth; Diana Kern, Executive Director of Legacy Land Conservancy; and Jeff Henning, Partner at Ernst & Young.

Senior Board Fellows Tim Carter and Emma Barrasso led the panel discussion.

See photos of the event

Watch the full event below: