Michigan Business Challenge – Seigle Impact Track Finals


Finals Schedule
Friday, February 21: 

9:00 – 11:35 am   MBC Track Finals (Seigle Impact Track, Innovation Track, Invention Track) Four finalists each track: 15 minute pitch, 15 minutes Q&A

12:30pm Winners of each track announced 

1:30 – 3:15 pm  MBC Best in Business Pitches (First place winner of each track) 15 minute pitch, 15 minutes Q&A

3:15 – 5:30 pm  MBC Reception (lower level Ross building):
3:15 – 4:15 pm     Team Showcase (all Track Finalists will table)
4:15 – 4:45 pm      Elevator Pitch Competition (all Track Finalists) 
5:00 – 5:15 pm      Awards announced

The Track Finals take place in the morning from 9:00-11:35am. All twelve teams will pitch to a new panel of judges. Pitches will include business plan for 15 minutes, followed by 15 minutes of Q&A.

At 12:30pm, ALL TEAMS will be present when the winner of each track (and places 2-4) are announced. Those three winners will present again in the afternoon to a new panel of judges for a chance to win an additional $5,000 Best in Business Prize. 

Every Finalist team will participate in the MBC Student Startup Showcase from 3:15-4:15 pm, where there will be tables and talking about each venture to attendees. There is a Showcase cash award to be won. 

Every Finalist team will choose one team member to give a 60-second elevator pitch to the crowd. Yes, there are cash awards for this as well.

At 5:15, the winners of all awards will be announced, there will be big checks and lots of photos.

ALL portions of the day are open to the public.



Here’s how the $100,000 in cash prizes is allotted:
$15,000 MBC track winner (one in each of the 3 tracks)
$7,500 MBC track runner-up (one in each of the 3 tracks)
$1,500 MBC track Finalists (two in each of the 3 tracks)
$5,000 OneMagnify MBC Best in Business Award 
$5,000 Williamson Award for Best Business/Engineering team 
$5,000 Sillman Undergraduate Award
$2,000 MIC Investment Committee Award
$500 MBC Showcase Award
$500 MBC Elevator Pitch 1st Place
$250 MBC Elevator Pitch 2nd Place
$100 MBC Elevator Pitch 3rd Place
$250 MBC Round Two Participation Awards (all teams who continue on in the competition will receive this award along with any additional awards)


Financial Inclusion in the Age of FinTech: A Conversation with Adrienne Harris

Join the +Impact Studio at Ross and the MBA Finance Club for a discussion on financial inclusion with U-M Ford School Professor and Gates Foundation Senior Research Fellow, Adrienne Harris. Adrienne also advises fintech companies, incumbent financial institutions, and large venture capital firms.  Most recently, she was the Chief Business Officer and General Counsel at a San Francisco-based inter-tech start-up for which is is now an advisor. 
As part of the school’s Business+Impact initiative, the +Impact Studio brings together students from Ross and other disciplines in applying design principles to translate insights from faculty research into practical solutions to societal challenges. Studio faculty director Jeffrey Sanchez-Burks will be on hand to engage Ms. Harris in a lively discussion about her work in governmental and corporate strategy around financial inclusion and fintech availability to the underserved. 


Health and Poverty: The Toll of Living with Less

Bridgette Brawner, associate professor of nursing at the University of Pennsylvania, will give a talk titled “Health and Poverty: The Toll of Living with Less” as part of the 2019 Real-World Perspectives on Poverty Solutions speaker series.

Central Bank of the Future Conference

Attend the Central Bank of the Future conference on October 2nd and 3rd, 2019 in Ann Arbor, Michigan. Topics will include, among other areas, technology and financial inclusion, digital currency (fiat and non-fiat), AML and financial inclusion. Speakers and attendees will include individuals from  standards-setting bodies, central banks and other financial regulators, and policymakers, as well as futurists and technologists, and other financial ecosystem stakeholders.



This conference will consider how the role of a central bank could evolve in the future to enable it to make greater contributions toward financial inclusion. It will consider monetary policy, financial sector supervision, and payments systems, as well as other functions. The conference is meant to identify technologies, processes, or tools that could benefit a central bank in supporting public policy objectives related to inclusion, and consider how other sectors, including the private sector and philanthropy, might have a role to play in supporting the development of those tools.

Key speakers include Michael Barr – Dean of the Ford School of Public Policy, Mary Ellen Iskenderian – President and CEO of Women’s World Banking, Jennifer Tescher – President and CEO of the Financial Health Network, and the following:

  • Lobna Helal, Deputy Governor, Central Bank of Egypt
  • Sofie Maddens, Head of the Regulatory and Market Environment Division, International Telecommunications Union (ITU)
  • Ajay Shah, Professor, National Institute of Public Finance and Policy
  • Michael Wiegand, Director of the Financial Services for the Poor, Bill & Melinda Gates Foundation
  • Greta Bull, CEO, Consultative Group to Assist the Poor (CGAP)
  • Chris Calabia, Senior Advisor, Supervisory & Regulatory Policy Financial Services for the Poor, Bill & Melinda Gates Foundation
  • Aishah Ahmad, Deputy Governor, Bank of Nigeria
  • Leonardo Gambacorta, Head of Innovation & Digital Economy Unit, BIS
  • Adrienne Harris, Professor of Practice, Gerald R. Ford School of Public Policy
  • Asheesh Birla, Senior Vice President of Product, Ripple
  • Stefan Ingves, Governor, Sveriges Riksbank
  • Njuguna Ndung’u, Executive Director, African Economic Research Consortium (AERC)
  • Abdel Banda, Co-founder and CEO, Banyan Infrastructure
  • Jo Ann Barefoot, CEO, Barefoot Innovation Group and Hummingbird
  • Aaron Klein, Economic Studies Fellow; policy director of Center on Regulation and Markets, Brookings Institution
  • Jennifer Shasky Calvery, Global Head of Financial Crime Threat Mitigation and Group General Manager, HSBC

Support for the Central Bank of the Future conference is provided by the Bill & Melinda Gates Foundation, the University of Michigan’s Ford School of Public Policy, and the University of Michigan Ross School of Business’ Business + Impact. This event is also sponsored by the following University of Michigan student groups: Domestic Policy Corps.



Business+Impact Showcase

Flowing from clubs to initiatives and centers, the Ross Business+Impact Initiative is an essential part of the Stephen M. Ross School of Business. Not only that, but through partnerships with other U-M schools and specific programs, we create multidisciplinary action-based learning opportunities across campus. New and existing students interested in poverty alleviation, healthcare access, sustainability, human rights and diversity should attend to discover opportunities to make a difference in the places where they live and work, at the school, and around the world.

This event is a tabled event with multiple constituents, and there will be light hors d’oeuvres served.

Exhibiting Organizations:

Blueprints For Pangaea
Career Development Office
Center for Positive Organizations
Center for Socially Engaged Design / Innovation in Action
Community Consulting Club
Detroit Neighborhood Entrepreneurs Project
Detroit Revitalization & Business
Diversity, Equity and Inclusion @ Ross
Emerging Markets Club
Engaged Learning Office (UMSI)
Erb Institute
Ginsberg Center
Global Initiatives at Ross
Graham Sustainability Institute
Healthcare and Life Sciences Club
Impact Investing Group
Michigan in Washington

Net Impact – MBA
Net Impact – Undergraduate
Office of National Scholarships and Fellowships
Open Road at Ross
Poverty Solutions
Problem Solving Initiative
Propel Business Club
Semester in Detroit
Smart Cities Club
Social Venture Fund
Systems Studio / Taubman College
Tauber Institute for Global Operations
TechArb Student Venture Accelerator
University of Michigan Sustainable Food Program
William Davidson Institute
Wolverine Disaster Relief Club
Zell Lurie Institute

Summer 2019 Newsletter

At Ross:

Grad Students: Enroll Now for the +Impact Studio

The +Impact Studio course teaches interdisciplinary graduate student teams (e.g., MBAs, MSWs, MPH, MEng) how to use scholarly intellectual capital, business acumen and design methodologies to address a wicked problem (e.g., how might the financially precarious or the unbanked accomplish necessary financial transactions in society; how might citizens living with failing infrastructure be better served by their municipality.)
At the same time in Fall 2019, B+I will open a campus hub for design and impact, also called the +Impact Studio. It will be a collaboration area and will serve an educational community passionate about designing for impact. Construction is currently underway, and everything is going according to plan. We will introduce the space to students, faculty and staff in an Open House September 20th from Noon-3 pm.



Open Road at Ross – It’s a Wrap!

Three teams of four MBAs each embarked on road trips across America in May. They were part of Open Road at Ross – Powered by Ford, an action-based social entrepreneurship program developed by Ross students for Ross students. Each team spent the month of May visiting a new social enterprise every week–meeting business owners on the weekend, analyzing their business during the week, and presenting findings and solutions by Friday. Then on to the next city! Below are the cities and businesses they visited (click on links below to read blog posts about each experience!)

Team LOVA (Katerina Athanasiou, Minsoo Lyo, Catherine O’Donnell, and Hana Viswanathan) 

Team MPower (Brooke Burton, Chloe Hull, Gautam Kandlikar, and Fernando Palhares)

Team RAIK (Ritesh Kumar, Allie Morbitzer, Kathy Tian, and Ivy Wei)


“Made at Michigan” Highlights Robust Social Entrepreneurship Ecosystem


U-M’s robust entrepreneurial ecosystem is highlighted in the recently released “Made at Michigan” report. A significant number of the ventures included in the report are social ventures, which is a testament to the growing belief that business and entrepreneurship can be a powerful source of change in the world. These ventures span multiple disciplines and models—from for-profit businesses to nonprofit organizations to innovative products with market potential—and the university is helping nurture their journeys from idea to execution.



B+I Conference Wins an Innovations That Inspire Award

B+I is proud to announce that the Ross School of Business won an Innovations That Inspire award for our 2018 Shared Prosperity Conference in partnership with the Aspen Institute’s Business & Society Program. Innovations That Inspire is run by AACSB International and recognizes institutions from around the world that exemplify forward-looking approaches to research, education, engagement and outreach, and leadership.

Read about the award

Give-A-Day Fund Donations Requested

Calling all rising MBA2s! Make a positive impact today by pledging or donating to the Give-A-Day Fund! One day of your summer internship salary will go a long way to help fund a fellow classmate’s summer internship in social impact. Not sure about making a full pledge? No worries! You can donate any amount you wish, and it will still make a meaningful impact to GADF. Wonder who received funding this year to accomplish awesome summer internships? Read about the 10 MBAs we funded this year! Your generous donation will enable the Class of 2021 to Go Blue, Go Anywhere!

Donate   |  Pledge


Impact News & Notes

About Business+Impact

The Business +Impact initiative at Ross is dedicated to advancing the school’s mission of creating a better world through business. We are working to make Ross the most progressive source of ideas and solutions that address pressing global challenges.

At the University:


IUSSP Population, Poverty, and Inequality Conference

Thurs-Sat, June 27-29 @ 8:30 am – 6 pm
426 Thompson St., #1430

The conference will feature researchers from a wide range of countries presenting research analyzing the interaction of population with poverty and inequality in low-income and middle-income countries. Schedule will be available on the conference web site when finalized. All are welcome. No registration required.

More Info


Wolverine Stage at Concert of Color

Sat-Sun, July 13-14 @ 1 – 10 pm
DIA, 5200 Woodward Ave.

The Concert of Colors is metro Detroit’s free annual diversity-themed music festival. Beginning in 2011, the University of Michigan Detroit Center began hosting the outdoor portion of the festival, now known as the Wolverine Outdoor Stage (WOS). In the spirit of the festival, the WOS offers a diverse collection of music that continues to draw larger crowds with each passing year.

More info


Racial Equity Workshop 

Tues-Wed, Aug. 6-7 @ 8:30 am – 5 pm
Dana Building – 1046

The Racial Equity Institute (REI) is a two-day long process – that helps to provide talking points, historical factors and an organizational definition of racism. REI believes that organizations are often working in very intentionally civil ways yet operating from multiple understandings that rely more on personal feelings and popular opinion. This creates complications to the goal of eliminating racial and ethnic disparities and producing equitable outcomes.

More Info

In the Impact Community:

Leading with Intent – Nonprofit Board Governance Survey

Survey Open Now

BoardSource invites all chief executives and board chairs to participate in the Leading with Intent survey by answering questions about their board’s governance practices. All participants are eligible to win a raffle to attend the 2020 BoardSource Leadership Forum for free. Please take the survey now.

Survey Info

Nonprofit Summer Celebration

Thurs, June 27
NEW Center, 1100 N. Main

Come to the NEW Center Ann Arbor for a fun, casual, family-friendly event featuring live music, great food, beverages, and festivities. This unique summer event to to celebrate the nonprofits and all partners who help make a difference in our community.

More Info

Wege Prize 2020 Starts Soon

Application period opens in August

Wege Prize 2020 will again be open to undergraduate and graduate students from anywhere in the world, and will again be focused on the circular economy. When does it start? Well, right now! The Team Application period will open in August 2019 (exact date TBA), but you may take some action to start connecting with potential teammates and brainstorming ideas today:

More Info

Michigan Business Challenge


Michigan Business Challenge – Seigle Impact Track Round Two

Watch teams advance from this round to finals.  Nine competing teams give a seven-minute presentation that describes their company’s solution to a pressing market need or pain, an estimation of the market size, and their financial assumptions. This is followed by ten minutes of questions from the judges. Four teams will be chosen to compete in the Seigle Impact Finals, where they will have a chance to win the $15000 prize.

Judging in R0210, R0240, R1230, or R2230 TBA

Envisioning the Future: Business as Creators

As part of the “Working Towards Shared Prosperity” conference at Ross sponsored by Business+Impact and the Aspen Institute Business & Society Program, this is one of two free public events for students, staff and the general public.

Business is not an innocent bystander when it comes to forces such as technology and market shifts.  Why then is the current narrative about how business can “cope” with the future of work instead of recognizing the deep influence business has in building that future? What could a more just version of work look like and how do we get there?

Jim Keane, CEO, Steelcase will be interviewed by Joe Nocera, Bloomberg

Joined by Maureen Conway, Aspen Institute; and Tom Kochan, MIT Sloan School of Management

This event and the conference at large are supported by the W.K. Kellogg Foundation, Accenture, Deloitte, the Good Companies, Good Jobs Initiative at MIT Sloan, and the C.K. Prahalad Initiative.  The media partner for the conference is The Conversation.