Ann Arbor, February 24, 2020 – The winner of the 2020 Michigan Business Challenge – Seigle Impact Track is Lillian Augusta – (Jannice Newson [MS ‘20] & Nana Britwum [MS ‘20])a biodegradable hair braiding product made from Phragmites, which is an invasive plant species. 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. Eight semi-finalists competed on February 8 for the four finalist spots in the Seigle finals competition.
Other finalists included:
For Dearborn (4D) – Rima Imad Fadlallah (MBA ‘20) For Dearborn (4D) creates space for Arab and/or Muslim Americans (AAM) to self actualize and thrive through digital media, programming, fashion and philanthropy.
HalalFin – Razeen Karim (BBA ’20), Safwaan Mir (MM ’20), Mohammad Eddir (BSE ’20), & Abrar Quazi (BSE ’20) HalalFin is developing a platform that utilizes blockchain technology, specifically cryptocurrency, to provide individuals access to Islamic-compliant banking and transacting.
Revolin Sports – Hughes Davis (MSE ’20) Revolin Sports provides conscientious athletes with high-performance sporting equipment to help them up their game while respecting the planet. Starting with our pickleball paddle, we use our natural BioFlx Technology™ to create products that undoubtedly prove sustainability and performance are not mutually exclusive.
Lillian Augusta received $15,000 for first place in the Seigle Impact Track, $2,000 for the MIC Investment Committee Award, and $5,000 for the One Magnify Best Business team, which was presented by Mark Petroff. For Dearborn was the Seigle Impact Track Runner-up ($7,500). For Dearborn won a $500 Showcase Award and $1500 as a Seigle finalist, while HalalFin won $1500 as a Seigle finalist.
The expert judging panel for the Seigle Impact Track finals was comprised of:
- Diana Callaghan – Endeavor Detroit
- Michael Godwin – Resonant Venture Partners
- Raymond Guthrie – Social Impact Fund, American Heart Association
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.