Penn Undergraduates are Finalists for the 2014 Hult Prize
A team of five undergraduates from Penn will travel to New York City in September to compete for the 2014 International Hult Prize, where the winning team will receive $1 million in seed capital, as well as mentorship and advice from the international business community. Called "The Nobel Prize for students" by Mohammad Yunus, a Nobel Laureate, the annual competition for the the Hult Prize aims to identify and launch the most compelling social business ideas: startup enterprises that tackle grave issues faced by billions of people.
The Penn team, "Sweet Bites," aims to solve a global issue concerning non-communicable diseases in challenged urban areas, mainly the burden of oral disease and its complications. Theirs is a simple solution: xylitol-enhanced chewing gum. By employing local women to distribute the gum packaged with medical information, they hope to enable female entrepreneurship, close the information gap around healthcare access, and improve the lives of millions suffering from preventable dental health problems.
Sweet Bites team members Thoba Grenville-Grey (Philosophy, Politics, & Economics), Eric Kauderer-Abrams (Mathematics), Spencer Penn (Finance and OPIM and robotics master's student), Morgan Snyder (DMD) and Josh Tycko (Biological Mathematics), won the regional competition for the Hult Prize in Boston against 45 other teams. They are now just months away from a chance to win the International Prize sponsored by Former President Bill Clinton.
The Sweet Bites team is piloting their business proposal this summer in India and Colombia and can be contacted at SweetBitesCo@gmail.com.