June 2, 2021 – Aspen Institute featured the Michigan Ross +Impact Studio in a blog post titled “Breaking Boundaries to Build Back Better”:
June 2021 marks half a year since the end of 2020, a year punctuated by the COVID-19 pandemic, economic turmoil and an epidemic of racial injustice. In that year of crisis, a phrase emerged capturing many hopes for recovery: “build back better.” With 2020—thankfully—receding into the past, what progress is being made to build back better?
It’s a question Jeffrey Sanchez-Burks has thought about extensively. The University of Michigan Ross School of Business Professor was recognized by the Aspen Institute Business & Society Program with an Ideas Worth Teaching Award for his course, +Impact Studio: Translating Research into Practice. The theme of the course in fall of 2020? Build back better. We spoke with Sanchez-Burks about his course, and how his vision for building back better calls for breaking disciplinary boundaries within academia, and between academia and the broader world.
An +Impact Studio Medium Post by Claire Babilonia, MBA ’21
Wander into any business school classroom and you’ll hear ideas on how to shape the future of business. Increasingly these visions incorporate commitments to creating positive social and/or environmental impact. These ideas have the potential to positively transform how we do business, but how many ever leave the classroom?
Here at Michigan Ross, the +Impact Studio is committed to bringing impactful ideas to life through the newly launched Founders Program, made possible with support from Applebaum Family Philanthropy.
This year, Business+Impact is financially supporting the summer impact internship experiences of 55 University of Michigan students, more than ever before.
Each summer, Business+Impact awards competitive grants for summer internships to MBAs and BBAs in the Ross School of Business as well as MPP students in the Ford School of Public Policy. MBA funding comes from the Give-A-Day Fund, a student-led MBA pay-it-forward fund, and from General Motors. Additionally, the newly established Gordon Impact Entrepreneurship Fund provides support for BBA or MBA student internships with ventures or funders seeking to create societal impact.
Through the generosity of Applebaum Family Philanthropy, this summer Impact Design Fellows and Interns are able to collaborate in the +Impact Design Lab this summer to help impactful prototypes take shape in the world.
Finally, Business+Impact and Zell Lurie are supporting MBAs taking part in Open Road at Ross, funded by the Ford Motor Company. This year teams are working with companies in Detroit virtually.
The Summer Fund
The Summer Fund is funded in part through the Give-A-Day Fund (for MBAs), and the Ford School of Public Policy (for MPPs).
Trevor Bounds, Beam Impact, New York, NY
Sehrish Hussain, Charles H. Wright Museum of African American History, Detroit, Michigan
Ivy Li, Daybreaker, New York, NY
Ayodele Ojo Urban Institute, Lima, OH
Duy-Anh Vo, Summer in the City, Detroit, MI
Kara Chill, FemTech Focus, Houston, TX
Brian Lui, Brian J. Lui Foundation, Los Angeles, CA
Bryan Ricketts, Department of the Treasury, Office of International Financial Markets, Washington, DC
Allison Winstel, mHUB, Chicago, IL
Clarisse Baudraz, Migration Policy Institute, Washington D.C.
Christian Ilarraza Colon, Arizona Governor’s Office of Strategic Planning and Budgeting, Phoenix, AZ
José Lemus, mHub, Chicago, IL
Gregory Pollard, LINK Unlimited Scholars, Chicago, IL
Elizabeth Powers, Michigan Department of State, Bureau of Elections, Lansing, MI
Jessica Williams, AmeriCorps – Refugee Voice Project, Albany, NY
General Motors Interns
Funding from General Motors allows us to support even more interns this year, focused on businesses in Detroit.
Molly Barstow, Industrial Sewing and Innovation Center (ISAIC), Detroit, MI
Elizabeth Wallace, City of Detroit Office of Sustainability, Detroit, MI
Marian Omidiji, The Girl-In Collective x Evaluation Matrix, Location TBD
Gordon Impact Entrepreneurship Interns
The newly established Gordon Impact Entrepreneurship Fund provides support for BBA or MBA student internships with ventures or funders seeking to create societal impact.
Sam Buck, (MBA) Rare, Arlington, VA
Dimitri Esteban Alejo Giraldo, (MBA) Creating Who You Are There, Location TBD
Nathan Lohrmann, (MBA) Future Fit Foods, Boulder, CO
Mackenzie Murphy, (MBA) June Motherhood, Cambridge, MA
Soumya Tejam, (BBA) University Impact, Provo, UT
Applebaum Impact Design Fellows & Interns
Applebaum Impact Design Fellows, Interns, and student social innovators in the Founders Program will be collaborating virtually, through B+I’s +Impact Design Lab at Michigan Ross.
Claire Babilonia, MBA
Onyekachi Ezirike, MBA
Lucy Jiang, MSI
Elizabeth Sofranek, MBA
Jess Halter, MBA/MS
Trevor Wallace, BBA
Nathan Alston, MBA
Daniella Gennaro, MBA
Cindy Gu, LSA
Edward Huang, MBA
Ayodele Ojo, BBA
Raeed Rasul, BSE
Seth St. Pierre, BA
Ronit Tiwary, BE
Justin Woods, MBA/MSW
+Impact Studio for Local Business
The +Impact Studio for Local Business internship is even more robust in this, its second year. Student funding has been made possible by Ross’ Business+Impact and Applebaum Family Philanthropy, the Zell Lurie Institute, the School of Information, the Stamps School of Art & Design, the Center for Entrepreneurship, and Ripple. Several community partners in Detroit, especially from TechTown, will be on hand throughout the summer to help orient students to Detroit’s entrepreneurial landscape, to refer business clients, and to serve as a sounding board and resource connector for students.
Jonah Cuenca, BBA
Rishi Kalyan, BBA
Haarika Karlapati, BBA/SEAS
Kirsten Lam, BBA, LSA
John Prisby, BBA
Areeba Razi, BBA
Malavika Vengilatt, BBA
Michael Willard, BBA, LSA
Madelyn Woodrow, BBA
Kristine Zhou, BBA
Open Road at Ross
Working remotely this year, these intrepid travelers are focused on addressing business challenges for Coton Clotheirs, and Detroit is the New Black, Shelby + Coffee Down Under, in Detroit, MI. Business+Impact and Zell Lurie Institute are proud to partners on this program, funded by Ford Motor Company.
Business+Impact stands in solidarity with our Asian, Asian American, and Pacific Islander communities, and the Ross School of Business AABA in their call to action to #StopAsianHate and #StopAAPIHate. We condemn all acts of hate, racial violence, xenophobia, and misogyny, including recent anti-Asian and anti-Black violence. At Business + Impact, we are committed to the work of dismantling the structures of systemic racism, achieving racial justice in America, and building an equitable and sustainable future for all. Below are links to learn more and find out how you can support the APPI community.
Business+Impact also recognizes the pain and injustice of recent acts of police violence against people of color, namely Daunte Write and Adam Toledo, especially within the context of the ongoing Derek Chauvin trial. We stand against all systemic racism, selective enforcement, and police brutality against Black and brown people, and we support the Black Lives Matter movement.
Business+Impact has received more than $1 million from the Applebaum Family Philanthropy to establish the Business+Impact Experiences and Innovation Program at Michigan Ross. This new program will allow the school to enhance and expand its impact and design offerings, including the creation of a permanent endowment fund for need-based internships and scholarships to Business+Impact students. The new program will support approximately 20 students per year through the +Impact Studio at Michigan Ross. Students chosen as Applebaum Impact Design Fellows will develop and test student-led ideas from the award-winning +Impact Studio course and student social innovators around campus, and Applebaum Impact Design Interns will engage in summer internships in connection with the +Impact Studio. Additionally, the gift provides Business+Impact with funding for a range of impact and design activities, such as a new Applebaum Innovator-in-Residence, prototype development for models of social impact, community outreach, research, and more.
The +Impact Studio Course‘s multi-year partnership with BlueConduit, a impact company co-founded by Ross professor Eric Schwartz to use data and machine learning for lead service line identification and removal, has been a collaboration success story, and the company has received exciting coverage from a variety of media outlets:
Michigan Ross Announces New Student Loan Repayment Program For Full-Time MBA Grads Pursuing Social Impact Careers
Through the Impact Advantage Program, alumni of the Michigan Ross Full-Time MBA Program, beginning with the graduating class of May 2021, who pursue a career in the public or nonprofit sectors can apply for student loan repayment assistance. For those graduates accepted into the program, Impact Advantage will cover a portion of their Ross-related loan obligations — $7,500 per year for five years — while they are employed full-time at a social impact organization.
Are you a nonprofit organization in Southeast Michigan that is curious about the Board Fellowship program? Graduate student Fellows serve as non-voting board members and complete a strategic project that can provide valuable capacity in areas such as strategic plan implementation, sustainability strategies, business plans, and dashboards. This session provides an overview for prospective organizations interested in participating during the 2021-22 academic year, and features insights from nonprofit leaders currently participating.
New Undergrad Journal of Sustainability Seeks Leadership Team Members
The goal of UJS at U-M is to promote undergraduate research related to the field of Sustainability. By reviewing and publishing articles from students across campus, UJS provides an incentive for students to not only conduct sustainability-focused research, but also use their research to contribute to the academic field. The organization is looking to recruit like-minded individuals for its founding team.
Sarita Nayyar is a member of the Managing Board at the World Economic Forum, who heads strategic partnerships with partners at Board and C-suite levels, for the purpose of improving the state of the world. She led the international expansion of the global Centre for the Fourth Industrial Revolution (C4IR) network. The network seeks to rapidly achieve global scope and scale in establishing a new operating system for international technology governance and cooperation. Prior to this work, Ms. Nayyar worked with Mondelez International in the Post Cereals Division. Find out how she lived the credo “Business can be a force for good,” and learn how she made the transition from food manufacturing to a major public-private international organization.
The Business+Impact Gateway provides you with a single location for all things impact. Here you’ll find all of the activities, people and key partners working to use their learning to make a real impact in the world.
At this unique virtual event, Sonya Jacobs, Chief Organizational Learning Officer for Michigan Medicine will welcome Professor Rhonda V. Magee from the University of San Francisco School of Law to discuss mindfulness-based transformational education’s public health imperative with regard to racial healing. This will be followed by a Healing panel discussion and DEI Advocate Awards.
Public Allies Metro Detroit is a program of the U of M-Dearborn, and a proud member of the AmeriCorps national service network. The program is made possible through funding of the Corporation for National and the Community Service, and the Michigan Community Service Commission. Apply now for fall opportunities.
This Upswell Pop-Up will explore the mechanics of effective advocacy. With transformative change within reach, we’ll learn with some of the most influential advocates about what our ongoing crises have taught us – and how we can (and must) use collective action to move quickly toward a healthier and more equitable future.
The world has already invented ways to end poverty, yet the best interventions are not being distributed at mass-scale. Can you design a business or NGO that addresses subjects from education to health access? If selected, you’ll be awarded up to $20,000 to launch a pilot in any region where extreme poverty exists.
As 2021 kicks off a decade of climate transformation, the virtual Climate Leadership Exchange is your opportunity to engage and connect with North America’s most influential community of climate leaders from business, government, academia, and the nonprofit sector. The CL Conference will feature top-notch intelligence, peer-to-peer learning, and connections.
The CEMEX-TEC Award has 4 global categories, within which you can participate by registering your project. Social entrepreneurship projects must have at least one year of implementation and generate a systemic change. Projects in sustainable transformation of communities should focus on postgraduate students. Community-based and social transformation projects that have at least one year of implementation form the third group. Collaborative action projects are focused on organizations that work through intersectoral alliances, involving at least 3 sectors of society.
The Stephen M. Ross School of Business at the University of Michigan has received more than $1 million as a result of a gift from the Applebaum Family Philanthropy to support its Business+Impact initiative, which focuses on multidisciplinary, action-based learning in social impact, sustainability, poverty alleviation, and related policy.
The gift will establish the Applebaum Family Business+Impact Experiences and Innovation Program at Michigan Ross. This new program will allow the school to enhance and expand its impact and design offerings, including the creation of a permanent endowment fund for need-based internships and scholarships to Business+Impact students.
A Student Voices Post By Justin Woods, MBA/MSW ’22
I am a Returned Peace Corps Volunteer who is pursuing a dual degree in business and social work, so the +Impact Studio was at the intersection of both my professional and personal goals.
When I completed the +Impact Studio course at the Ross School of Business, I left with a sound understanding of design thinking and experience doing interdisciplinary, action-based learning, all the while having a social impact as our North Star. After taking the course, I knew I wanted to stay connected with Michigan Ross Professor Jeffrey Sanchez-Burks and the burgeoning +Impact Studio being cultivated at Ross.
With growing interest in students looking to make an impact in their careers, the Ross School of Business has created a new program to provide educational loan repayment assistance to Full-Time MBA graduates who obtain jobs at nonprofit, education, and public sector organizations.
Through the Impact Advantage Program, alumni of the Michigan Ross Full-Time MBA Program who pursue a career in the public or nonprofit sectors — and earn below the median base salary of the most recent graduating class — can apply for student loan repayment assistance. For those graduates accepted into the program, Impact Advantage will cover a portion of their Ross-related loan obligations — $7,500 per year for five years — while they are employed full-time at a social impact organization.
“We continue to see more students, especially in the Full-Time MBA Program, who are interested in pursuing roles in the public or non-profit sectors, with the goal of making a positive difference in society after graduation,” said Francine Lafontaine, associate dean for Business+Impact and William Davidson Professor of Business Economics and Public Policy at Michigan Ross. “In order to support our graduates who obtain jobs in the nonprofit and public sector, we are excited to announce the Impact Advantage Program as a new resource to help them repay their educational loans.”
Impact Advantage is the first loan repayment program specifically created for Michigan Ross Full-Time MBA alumni pursuing careers in social impact.
For more than a decade, the business school has offered its graduates who go to work at nonprofit and public sector organizations the opportunity to receive need-based support through the Ross Loan Repayment Assistance Program (LRAP). Through this program, since 2010, Michigan Ross has awarded over $500,000 in repayment assistance to dozens of its alumni. LRAP will remain in place for graduates of other Ross degree programs, and full-time MBAs who graduated prior to May 2021, while Impact Advantage will be available to full-time MBA graduates beginning with those graduating in May 2021.
Beyond the new Impact Advantage Program, Michigan Ross also offers students interested in social impact financial support through the Skip and Carrie Gordon Scholarship. Gordon Scholarships are annually awarded to three second-year Full-Time MBA students who demonstrate an outstanding commitment to addressing complex social problems.
Sarita Nayyar (MBA 1987) is a member of the Managing Board at the World Economic Forum, who heads strategic partnerships with partners at Board and C-suite levels, for the purpose of improving the state of the world. She led the international expansion of the global Centre for the Fourth Industrial Revolution (C4IR) network. The network seeks to rapidly achieve global scope and scale in establishing a new operating system for international technology governance and cooperation. Prior to this work, Ms. Nayyar worked with Mondelez International in the Post Cereals Division.
Describe the experiences that have most influenced your path to the WEF.
After graduating from Ross business school I joined General Foods, a consumer packaged goods company where I practiced and learned marketing and business management skills. Through various mergers and acquisitions, General Foods became Kraft General Foods, then Kraft Foods, and more recently it split into Mondelez and Kraft Heinz. My 20-year career in business management was exciting and fulfilling. I worked on brands like General Foods International Coffees, Crystal Light, Kool-Aid and Capri Sun. I travelled to LA, Hawaii, and New Zealand for TV advertising commercial production. I was involved in new product launches, in pricing actions, and in integrating new businesses that were acquired. In my final years at Kraft Foods I was the General Manager of the Post Cereal Division where I had full business responsibility across product, manufacturing, marketing and people. Kraft Foods offered me world class marketing and general management experience.
How have you leveraged your Ross experience in your career?
My Ross experience was one where not only did I learn the MBA curriculum, I also learned the western world of business. The university experience was very special as I worked as a teaching assistant and as a part-time staff member in the marketing & Communication department of the Executive Education program. The entire time I also worked to cover my out of state tuition. There was the University Consulting Group, a student run consulting that provided consulting to local businesses in Ann Arbor. I joined this group and worked on many projects with other classmates. This group did quite well in getting consulting assignments. Everything I learned at Ross was key in helping me succeed in the business world.
What led you to make the switch from Mondolez (Kraft Foods) to the WEF?
I get asked this question a lot. The answer is not very exciting. Actually, my career at Kraft Foods had reached a level where my next move required me to relocate from New York to Chicago where the headquarter was based. I wasn’t able to make the move to Chicago for personal reasons. I left Kraft and took a sabbatical year during which time I explored what I wanted to do for the rest of my professional life. A few general management opportunities came my way but I wasn’t excited about them. The World Economic Forum opportunity came to me from a head hunter and while initially I wasn’t sure if it was for me, the more I learned about the organization the more I was intrigued.
I made the switch and it turned out to be the best decision for me. I haven’t looked back ever since.
What is a major social impact issue you seek to address during your tenure? What is the most pressing issue that WEF is currently addressing?
At the World Economic Forum we work on many issues — climate change, biodiversity, natural resources, jobs, skilling, diversity & inclusion, technological advances, industry transformation, economic and social development — to name a few. Our core principle is anchored in “stakeholder capitalism” which suggests that business needs to think about all stakeholders (employees, citizens, communities, societies) and not just shareholders. With this principle in mind, we engage business in public-private collaboration.
Business organizations have tremendous capability and responsibility to ensure that they pursue sustainable and inclusive approaches in the ecosystem in which they operate. In the past, corporations would have Corporate Social Responsibility teams to make positive contributions separate from the core business. Even the Sustainability teams in many organizations are often run as separate units. Today, it is critical that environmental sustainability is built into the core of the business. How products are designed, what materials they are made from, the environmental impact of product consumption and/or disposal are all aspects that need to be part of business strategy.
Probably the most critical issue for this decade is climate change — as a collective the world needs to get to net zero emissions by 2050, and to make this target we need to reduce emissions in half by the end of this decade i.e. 2030.
It is great that Ross and the University of Michigan offer special masters programs that include sustainability curriculum. More business schools need to include sustainability courses as part of the MBA curriculum.
Do you have any advice for students aiming to make a career in the social sector?
I started my career in the private sector and after more than two decades, moved into the social sector. I don’t think business schools offered programs for entering social sector then. I found my business school learnings and private sector experience quite helpful in approaching the issues in the social sector. The discipline of analysis, goal setting, outcome measurements are applicable in all sectors.
Today, with special master level programs and the technological developments, starting careers in social sectors is a growing momentum. My advice would be that you follow your passion and use the discipline to develop solutions that can be scaled and amplified with speed.
Each summer, Business+Impact awards competitive grants for summer internships to MBAs and BBA juniors in the Ross School of Business as well as MPP students in the Ford School of Public Policy. The application deadline is Friday, April 16 by Noon ET. Award decisions will be made based on consideration of the position and organization’s impact, and the quality of the application.
Additionally, the newly established Gordon Impact Entrepreneurship Fund provides support for BBA or MBA student internships with ventures or funders seeking to create societal impact. Students may be a founder or pursuing an internship with an impact-focused startup, growth phase venture, or venture capital firm. Qualifying organizations have a social and/or environmental mission and show demonstrated commitment to generating systemic solutions and achieving long-term societal impact. Students may apply through the Business+Impact Summer Internship Fund application process.
We’re excited to share that the winner of the 2021 Michigan Business Challenge – Seigle Impact Track is Parcel Health – (Melinda Su En Lee (PharmD ’21) and Victor Le (PhD ’21)). Parcel Health is a company that aims to disrupt the current plastic prescription bottle industry by innovating a 100% curbside-recyclable solution. The Seigle Impact Track competition, co-sponsored by the Zell Lurie Institute, Business+Impact, and the Erb Institute, began in November with over 50 teams. Seven semi-finalists competed on Fri, Jan. 29 for the four finalist spots in the Seigle finals competition. Learn about all of the finalists:
Business+Impact is co-sponsoring the Michigan Impact Investing Symposium (MIIS), an annual conference that allows attendees to learn more about the impact investing space from distinguished members of the community and gives participants an opportunity to explore investments that provide financial and social returns through an optional pitch competition. Speakers from Boston Consulting Group, Citi Bank, Total Impact Capital, Orrick, and more will speak on the theme of Restorative Investing.
Business+Impact is introducing a new series on U-M alumni who have created social enterprises and are building their businesses after graduation. For our inaugural spotlight, we are shining the light on Thawra, a multimedia content provider for the Arab and Muslim communities whose work has been recognized by Poets & Quants and ABC’s Nightline.
Last year, in the Michigan Business Challenge – Seigle Impact Track, Yasmeen Kadouh (U-M Dearborn BA ’17) and Rima Fadlallah (Ross MBA ’20) introduced their business to the world as For Dearborn, featuring the subbrand Dearborn Girl, and they became the runner up in the track competition. Their business has kept the Dearborn Girl division and added several others, but their purpose remains the same: to create a space for Arab and/or Muslim Americans (AMAs) to self-actualize and thrive through digital media, programming, fashion and philanthropy.
We reached out to Ms. Kadouh and Ms.Fadlallah for an update, and you can learn about how you can support their work and access membership, courses, workshops, and events,merchandise, and more!
DNEP Free Accounting is seeking a student consultant for the summer of 2021 with possible extension into the 2021-2022 academic year. In this position, the student will work closely with entrepreneurs and small business owners (virtually) in Detroit, providing assistance in areas of accounting, COVID relief, and other business administration.
How Nonprofit Organizations Are Innovating and Adapting Through a Time of Crisis
Each year, the University of Michigan Board Fellowship Program hosts a public forum in the form of a panel discussion with representatives from local nonprofit organizations. On Tues, Feb. 23, the forum addressed how nonprofits have been pivoting to address COVID-19 challenges and the light shone on inequities in society.
The Business+Impact Gateway provides you with a single location for all things impact. Here you’ll find all of the activities, people and key partners working to use their learning to make a real impact in the world.
Are you a U-M Ann Arbor student who is passionate about campus sustainability? Apply to join the Student Sustainability Coalition (SSC), a group of student leaders working to create a mutually defined common agenda and shared vision that unifies campus-wide student sustainability efforts! There are multiple positions available. All applicants must be U-M Ann Arbor undergraduate or graduate students.
Non-Law Graduate and Professional Students Register by Tues, Mar. 30
Law Students Register by Wed, Apr. 7
The Law School’s Problem Solving Initiative classes are open to all U-M graduate and professional students. Students in PSI classes lend their expertise and skills to a multidisciplinary team, develop creative problem solving tools, conduct research on, and engage in, advancing solutions to real-world challenges. Courses in Fall 2021 include:
The fall program is open to students from UM-Ann Arbor, UM-Dearborn, and Grand Valley State University. Students are in classes for 8-11 hours per week (fall students can choose between one or both SiD electives) and intern for 16 hours per week. You can earn up to 18 credits toward your U-M degree and intern with community-based organizations.
The Center for the Education of Women Scholarship Program, which today serves women and underserved students, was established in 1970 to honor the academic performance and potential of women whose education has been interrupted and to commemorate the one-hundredth anniversary of the admission of women to the University of Michigan.
Prime Coalition partners with mission-aligned investors to support extraordinary companies that combat climate change, have a high likelihood of achieving commercial success, and are in need of financial support to scale. Prime spent its first 6 years building a world class investment team, and now they have the privilege of expanding their nonprofit program team. Two job opportunities have opened up – applications are due 3/22.
Director of Impact – Cambridge, MA – elevating Prime’s focus on impact measurement and management
Public Allies Metro Detroit is a program of the U of M-Dearborn, and a proud member of the AmeriCorps national service network. The program is made possible through funding of the Corporation for National and the Community Service and Michigan Community Service Commission. Apply now for fall opportunities.
The American Express NGen Fellows program, part of the American Express Leadership Academy, offers a transformative opportunity for changemakers, age 40 and under, to strengthen their leadership capacity, hone their change-making skills, and build connections with some of the social sector’s most influential leaders. Every year the NGen Fellows program selects 12 individuals to participate in a nine-month leadership development program.
Application Deadline: Thurs, Mar. 25 Competition: Apr. 8-9
Are you an undergraduate student looking to make an impact in your community today? Apply for the Resolution Project Social Venture Challenge (SVC)! The Resolution Project is partnering with Henry Ford College on April 8-9th, 2021 to offer undergraduate students the opportunity to virtually pitch their ideas for change for the chance to win a Resolution Fellowship. Pitch your idea and join the Resolution Fellow community of more than 500 Fellows in 81 countries. Check out this video to see what happened in the 2020 SVC at Henry Ford College.
The application to join Halcyon Incubator’s 14th Cohort next fall is now open! Fellows receive five months rent-free housing in D.C., a $10,000 stipend, and access to our community of social entrepreneurs, mentors, advisors, investors, and supporters.
CLOVO Brand (click to learn more) – CLOVO Brand is a sustainable fashion company that produces the most comfortable and natural sheer tights using Tencel and a functional design to eliminate sagging, discomfort, and wardrobe malfunctions. Megan Martis (MS ’21)
EQuity (click to learn more) – EQuity is a learning and development venture that provides digital training and coaching to help clients advance racial justice by developing emotional intelligence. Justin Woods (MBA/MSW ’21)
Sustainium (click to learn more) – Sustainium’s technology collects heat generated by spent nuclear fuel, a form of nuclear waste, and uses this heat to dry wastewater sludge. Jacob Ladd (JD’23), Luyao Li (MS’21), Anya Shapiro (MS/MBA’22), Aniket Yadav (MS’21)
Parcel Health received $15,000 for first place in the Seigle Impact Track, $2,000 for the Michigan Investment Challenge Prize, and $5,000 for the One Magnify Best in Business Award at MBC awards ceremony. CLOVO Brand was the second place winner of the Seigle Impact Track, and received $7,500. EQuity won the $100 third prize in the Elevator Pitch competition. All participants in the Seigle Impact Track finals received at least $1750 for pitching in the finals. LeaseMagnets wont the Innovation Track, while EpiSLS won the Invention Track.
In Parcel Health’s presentation, they drew attention to the fact that prescription bottles currently cause 100,000 tons of plastic waste a year. Their Phill Box is a water resistant, recyclable, child resistant prescription container that has met all the requirements of prescription medication packaging. PH is looking for entree into urban pharmacies before moving into independent and large chain pharmacies. The team is made up of Melinda Su En Lee (PharmD ’21) and Victor Le (PhD ’21), as well as Mallory Barrett, Alex Barrette, and Tyler Wright. Corporate advisors include Melinda Lin Lee, James Stevenson of Omnicell, and Jared Crooks of Schmidt Futures.
An expert judging panel of entrepreneurs and entrepreneurial specialists were brought on by Zell Lurie Institute for the Michigan Business Challenge. The 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.