Seed-stage cash grants and venture development for University of Pennsylvania startups.
Managed by students in the Jerome Fisher Management and Technology Program.

About the M&T Innovation Fund

The M&T Innovation Fund is a new, University and M&T Program backed student run organization looking to provide non-equity grants for seed-stage ventures started by current Penn students or recent M&T alumni. Grants will range from $1000 to $5000.

The Fund is managed and operated by current M&T students from all class years. Faculty advisers, M&T Program administration, and M&T alumni act as support for the Fund. Current students work for either the Investment team or the Value Creation team.

The Investment team sources ventures, conducts due diligence, and makes the final investment decisions. A rigorous evaluation process allows the Fund to target high quality, technical ventures.

The Value Creation team acts as consultants for each backed venture. The Value Creation team provides insights into evaluating new markets, growing customer bases, developing and commercializing technologies, and connecting teams with mentors, legal advisors, and additional funding.

The M&T Innovation Fund Difference

The M&T Innovation Fund differentiates itself as a unique provider of both financial and strategic support for the ventures it selects. Receiving a grant from the Fund will provide initial capital that can help get seed stage ventures closer to their goals. Perhaps more importantly, chosen startups can leverage the varied experiences and insights of current students, who will provide critical strategic insights into bringing a product to market. These companies can also gain valuable connections and mentorship from successful M&T alumni to further their venture.

Portfolio


Healthie is a web & mobile interface for dietitians to manage their entire practice on one platform (coordinate scheduling and billing, share documents electronically, monitor patient health, and conduct virtual visits). By offering a turnkey solution for dietitians to see more patients, we aim to reduce existing shortages of nutritional care to curb chronic disease and weight-related conditions and provide access in underserved communities.

Quixaro is an online hub for student-student collaboration – a social network aimed at transforming the solitary process of studying into a dynamic, interactive experience. It's the only place on the web where students can both hang out with one another and actually study on the same platform.

Local Aventura is a marketplace platform, similar to AirBnb, that allows travelers seeking authentic experiences to book tours with Local Guides in Latin America who are passionate about sharing their culture. We provide customers with the ability to search through adventures, book tours instantly, and make easy, cashless payments electronically, and in advance. We believe that by connecting people from disparate parts of the globe and allowing them to explore the world together, we can improve it.

Prayas Analytics brings the power of data to the in-store customer checkout experience. They help large brick-and-mortar retailers with smarter labor modeling, more effective queue management, and customer experience enhancement. This is done by calculating key metrics such as average queue lengths, associate engagement, and customer abandonment. Importantly, there is no hardware setup required - Prayas’ technology plugs in seamlessly with existing loss prevention systems ensuring low capex and extremely quick deployment.

Oncora Medical is the first commercial predictive analytics platform for radiation oncology. Oncora applies cutting edge machine learning techniques to leverage historical patient data, advanced imaging data, insurance claims data, and specific radiation dose information to help physicians provide the best possible treatments for cancer patients.

GTrack Technologies is developing novel chemical tracers for use in reservoir characterization in the oil and gas industry. These tracers are cheap, safe, and incredibly accurate in measuring reservoir data to increase oil extraction efficiency.

CLVMetrics is a web-based platform that implements/extends cutting-edge models developed/popularized by co-founder Professor Peter Fader. Their web application estimates and forecasts CLV and related metrics for every customer. It is fast, simple, and seamlessly integrates with firms’ existing CRM and transaction systems, providing valuable insights that enable immediate action. CLVMetrics helps firms leverage their existing data assets to better achieve customer-centric success.

LeapYear is an enterprise platform for securely computing on sensitive data. Leveraging the latest research in machine learning and cryptography, LeapYear enables organizations to utilize all of their data assets with proven assurances of privacy and security.

Sponsors


The M&T Innovation Fund is supported by the University of Pennsylvania, the Jerome Fisher Management and Technology Program, and M&T alumni as well as various corporate sponsors.

Apply Now

Are you a current Penn student (undergraduate or graduate) or a recent M&T alum with an idea you’d like us to consider funding? Submit your information below and we will contact you shortly!

Apply Now

The Team

The Investment Team


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Rudra Puri

Rudra is a junior in the M&T Program studying Materials Science, Finance, and Entrepreneurial Management. He is interested in energy and nanotechnology and venture investing, and hopes to work in venture capital as it relates to those industries. He has previously worked at Seedcamp, a seed-stage investment fund in pan European technology startups and at Arcadia Investment Partners, a private equity firm. He loves to cook, swim, and travel whenever the opportunity arises.

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Rob Lawrence

Rob is a junior in the M&T Program studying Systems Engineering, Finance, and Accounting. He has previously interned at CB Insights writing about startup and VC trends, and at an investment firm. He is interested in hardware and telecom, and aims to work with TMT investments. In his free time, he likes to bike around Philadelphia and listen to podcasts.

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Olivia Chen

Olivia is a junior in the M&T Program studying Systems Engineering, Business Analytics, and Entrepreneurship & Innovation. She has previously worked at startups CB Insights and Fitly as well as hedge fund Arena Investors. On campus, she is also involved in MUSE Consulting and Wharton Undergraduate Energy Group. In her free time, Olivia enjoys reading, cooking, and searching for new music.

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Yoni Dejene

Yoni is a freshman in the M&T program studying Computer Science and Finance. Before joining the M&T program, he co-founded a VC backed startup based in Silicon Valley. He also co-founded a non-profit that provides seed financing, design services, and web-development to young African entrepreneurs. After graduation, he hopes to return to Ethiopia to start a private equity fund. Yoni enjoys design, chill music and soccer.

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Akhil Ganti

Akhil is a freshman in the M&T Program studying Computer Science, Finance, and Entrepreneurial Management. He is especially interested in artificial intelligence and, in particular, natural language processing. In addition to the M&T Innovation Fund, he works as a research assistant in the Wharton Management department and is involved with the Wharton Investment & Trading Group. In his free time, Akhil enjoys playing pool, practicing the piano and saxophone, and reading.

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Raj Atluri

Raj is a freshman in the M&T Program studying Computer Science and Finance. He has previously worked at a tech consulting start-up and is involved with the Wharton Investment and Trading Group. During his free time, Raj enjoys golfing, playing squash, and finding new music.

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Santosh Vallabhaneni

Santosh is a sophomore in the M&T Program studying Finance and Computer Science. He has previously worked at a health care startup and numerous venture capital firms in India. He has a particular interested in analytics and the internet of things. Outside of the innovation fund, he is involved with the International Affairs Association and loves playing basketball and golf.

The Value Creation Team


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Reuben Abraham

Reuben is a sophomore in the M&T Program studying Computer Science, Management, and Finance. He has previously worked as a Residential Teaching Assistant for M&TSI and as an intern at Polarcus Inc, an Oil and Gas Exploration Company in Dubai. In his free time, he enjoys playing cricket, discovering new music, and playing video games.

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Sam Burns

Sam is currently a freshman in the M&T Program studying Materials Engineering and Business Analytics. She's worked with several entrepreneurial incubators in the past including the Martin Trust Center at MIT and the Weiss Tech House at Penn. In addition to the M&T Innovation Fund, she is a Project Manager on the Weiss Tech House Innovation Fund, Corporate Committee member on the M&T Board, and a member of the Penn Mock Trial Team. She also works on an entrepreneurial finance research team at Wharton.

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Rohun Patel

Rohun is a sophomore in the M&T Program studying Electrical Engineering, OPIM, and Marketing. He is interested in reading about all kinds of tech from alternative energy to consumer products. Rohun enjoys skiing, playing guitar, and listening to music.

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Jacob Kahn

Jacob is a sophomore in the M&T Program from the Chicago area studying Computer Science, Statistics, and Finance. He is interested in tech of all shapes and sizes, astrophysics, and the philosophy of science. Currently working on his own startup, he previously worked at a financial technology company, and is an incoming software engineering intern at Facebook. In his free time, Jacob enjoys playing the guitar or piano, following politics and world news, and playing ultimate frisbee.

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Amit Patel

Amit is a sophomore in the M&T Program studying Computer Science, Finance, and Statistics. He interned at CB Insights and is interested in data science startups and quantitative finance.

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Naman Mehrotra

Naman is a sophomore in the M&T Program studying Mechanical Engineering, Entrepreneurial Management, and Finance. He loves reading about new technology, especially in hardware consumer tech, electric vehicles, aerospace, and alternative energy. He is currently on the board of the Technology Entrepreneurship Club and helped start the Penn Aerospace Club. He enjoys watching movies, biking, and travelling.

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Frank Fan

Fangyi (Frank) is a freshman in the M&T Program studying Electrical Engineering and Finance. He is interested in hardware design and artificial intelligence. He has worked at Bosch before, the world's largest supplier of automotive components. Besides M&T Innovation Fund, he is involved with the Technology Entrepreneurship Club, Wharton Asia Exchange, and a Chinese A Capella. He enjoys outdoor adventures and playing the accordion.

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Sina Golkari

Sina is freshman in the M&T Program studying Mechanical Engineering, Entrepreneurial Management, and Finance. His interests include product design, automotive engineering, and biotechnology. In the past, he worked for a medical device startup in the Boston area. On campus, he is also a member of the Penn Electric Racing team.

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Micah Zirn

Micah is a freshman in the M&T program studying Computer Science and Finance and seeking a minor in nanotechnology. He is interested in iOS development and ran track competitively in high school. He previously interned at ARCOM capital, a natural gas commodity trading firm. In addition to the M&T Innovation Fund, Micah spends time with the Wharton Undergraduate Entrepreneurship Club and the Penn Innovation Conference.

Faculty Advisors


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Boon Thau Loo

Boon's research focuses on distributed data management systems, Internet-scale query processing, and the application of database technologies to networked systems. He is particularly interested in developing information-centric network architectures that can be easily extended, composed, and formally verified. His recent projects include applying declarative networking techniques in the areas of dynamic network composition, adaptive mobile ad-hoc networks, and scalable knowledge-based networks. He is also exploring novel database-inspired techniques for diagnosing, securing, and verifying network protocols.

Fund Alumni


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Anubhav Maheshwari

Anubhav (Anu) is a senior in the M&T Program who loves learning about technology companies. During college, he has interned previously at a young Philadelphia internet start up, as well as evaluated and funded student founded startups as Chair of the Weiss Tech House Innovation Fund. After graduation in May 2015, he will be joining Morgan Stanley's Technology Investment Banking team in New York.

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Jeff Grimes

Jeff is a senior in the M&T Program studying Computer Science and Entrepreneurial Management. He is an iPhone app developer with three apps on the App Store. After graduating, he will return home to the San Francisco Bay Area and work for Google as a Product Manager. In his free time, Jeff enjoys writing, reading, and the outdoors.

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Nina Lu

Nina is a junior in the M&T program studying Computer Science and Finance. She is a former Apple and Microsoft intern and blogs on Medium about tech. She enjoys late night runs, philosophy, and sourcing new music on SoundCloud.

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Karan Hiremath

Karan is a Junior in the M&T Program studying Computer Science, Management,and Finance from South Jersey. He has previously worked at the Office of Naval Research, a Philadelphia Venture Capital Firm, and on his own startup. He is interested in Entreprise Tech and Machine Learning. Karan enjoys reading, watching tv, listening to music, and cooking in his free time.

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Lauren Reeder

Lauren is a junior in the M&T Program studying Computer Science, Statistics, and Finance. She has previously worked at an education technology start-up and is also a member of the Dorm Room Fund in Philadelphia. She loves to ski, bike, and travel whenever the opportunity arrises.

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Max Isenberg

Max is a junior in the M&T Program from the San Francisco Bay Area studying Materials Science, Finance, and Entrepreneurial Management. He is interested in alternative energy and cleantech, and hopes to eventually work in a strategic role at a company in either of those industries. In his free time, he enjoys following Major League Baseball, running on treadmills while listening to indie rock, and eating at different Philly restaurants.

Contact Us

Want to learn more about the M&T Innovation Fund? Interested in participating in the Fund as a sponsor or mentor? Please feel free to reach out to us with your questions and inquiries.

info@mandtinnovationfund.com