Students
Grand Prize: $5,000
Second Prize: $2,500
Third Prize: $1,000
All PennVention finalists will receive personal, one-on-one mentoring from Bresslergroup, Inc., a full service product development firm providing user research and strategic product planning to inform the design and development process.
Bresslergroup Best Product Concept Award: $2500 in professional services to be used at the winner’s discretion towards research, concept development or CAD modeling in the development of their product for production. It may also be applied to a project balance. This award will be presented to the invention based on its manufacturability, sustainability and environmental impact, manufacturability, aesthetics and the extent to which it presents a solution to the user.
Bresslergroup is a full service product development firm with over 30 year of experience. We provide a range of services starting with user research and strategic product planning to inform the design and development process. Our senior design and engineering staff seamlessly transition concepts into production. The result is cost effective execution of differentiable product concepts. The consultancy serves consumer, medical, office and industrial goods manufacturers. Bresslergroup has won more than 80 major design awards as well as authored more than 100 patents.
QVC Consumer Innovation Award: $2,500 cash award and a one-hour meeting with the QVC Buyer for that product category will be awarded to the consumer product that best exemplifies:
- Innovation in the product category (Is this new and different?)
- Relevance to the target consumer (Will the consumer "just have to have it?")
- Unique features and benefits (Does it have features not currently found in the market?)
- Problem solving attributes (Does it solve a common problem?)
- Combines both high quality and great value (Is it great quality relative to the price?)
- Demonstrability (Can it be demonstrated on live TV?)
QVC, Inc., a $5.4 billion company, is an e-commerce leader, marketing a wide variety of brand name products in such categories as home furnishings, licensed products, fashion, beauty, electronics and fine jewelry. QVC reaches over 86 million homes in the United States. Other divisions/subsidiaries include QVC.com, Q Direct, Q Records and Video, QVC @, QVC Local, QVC ProductWorks. The QVC Studio Tour is located at the company's world headquarters in West Chester, PA.
Paramount Rapid Prototype Award: $1,000 worth of Selective Laser Sintering Prototyping Services (SLS), a digitally driven 3d printing technology, to the most commercially promising design that lends itself to Rapid Prototyping.
Paramount is a product development consulting group that provides their clients with a development approach that focuses on meeting strategic business objectives. Whether they are trying to increase market share through product innovation, be the first to market or reduce product cost, we have the specialists to meet those needs. Our team of resident designers, engineers, prototyping experts, tool makers and manufacturing professionals, offer a unified product development process that creates end user value, insures qualified manufacturing solutions and expedites faster development cycles. SLS is a digitally driven 3D printing technology which sinters powered resins to create robust prototypes in nylon and glass filled nylon.
Lowenstein Sandler PC Legal Mentor Award: Five (5) hours of free legal services and advice from Lowenstein Sandler PC regarding intellectual property, contract review and/or choice of entity/corporate formation issues.
Lowenstein Sandler PC is a nationally recognized law firm with more than 250 attorneys providing a full range of legal services to clients ranging from small public and privately held companies to Fortune 500 corporations. The firm has received top honors for its Litigation, Corporate and Environmental Law practices by the Chambers USA Guide to America's Leading Business Lawyers. With offices in New York and New Jersey, the firm provides a full range of legal services to business and industry.
Tierney Communications Strategy, Positioning & Branding Prize: One full-day session with Senior executives to determine branding, positioning and communication strategies. Individual communications tactics will also be discussed. This prize will help ensure that a company and product names and logos are scrutinized for maximum effectiveness and positioned properly in the marketplace. This prize will help ensure that a company’s creative materials work together to position the company effectively in the marketplace.
Tierney Communications. Headquartered in Philadelphia, Tierney Communications is a full-service strategic communications agency. Tierney Communications’ two main divisions include Tierney Advertising and Tierney Public Relations. These two divisions are served by an in-house team offering direct response, interactive, public affairs, media and research. The agency, which also maintains an office in Harrisburg, PA, represents clients including Commerce Bancorp, Independence Blue Cross, McDonald’s, Sunoco, IBM, Lincoln Financial Group, PECO Energy, Verizon, the PA Department of Economic Development, and Bayer Environmental Science.
Meltwater Social Innovation Award: $2,500 cash awarded to the best social innovation.
Criteria:
- You are an entrepreneur with an innovative idea
- The idea should be a financially sustainable venture /product/business idea
- The product or venture must impact people in some way, i.e. addresses a social or environmental problem
- All applicants qualify for an automatic application into the Meltwater Scholarship: "What would you do with $30,000?"
Meltwater Group’s company culture is rooted in a deep respect for our people, having fun and setting the ambitious goal to always be #1. Founded in Norway in 2001, Meltwater Group provides software solutions to over 10,000 clients worldwide, from non-profit organizations to Fortune 500s. Meltwater has over 33 offices worldwide in Europe, Asia, Australia, Africa and the US. Meltwater’s vision is to enter high growth markets where innovative technologies challenge existing business models. Through Meltwater Foundation, not-for-profit projects and initiatives in line with the company culture will be supported.
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