Ann Arbor, February 26, 2021 – The winner of the 2021 Michigan Business Challenge – Seigle Impact Track is Parcel Health (click to learn more) – (Melinda Su En Lee (PharmD ’21) and Victor Le (PhD ’21)) 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. Eight semi-finalists competed on February 8 for the four finalist spots in the Seigle finals competition.
Other finalists included:
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.