Venture Lab Awards Startup Challenge Grand Prize to Renewable Natural Gas Startup
Penn’s Venture Lab held its annual Startup Challenge on April 21, awarding the grand prize to Swinergy, Inc.
Swinergy, a startup co-founded by Wharton MBA first-year Wyatt Frasier and veteran Eugene Alvey, aims to implement a new system to efficiently turn agricultural waste into natural gas. Frasier and Alvey were awarded the Perlman Grand Prize at the Startup Challenge, receiving $50,000 and $15,000 in legal, accounting, and strategy services. Swinergy also won both the Venture Lab Social Entrepreneurship Award and the Summer Venture Award, each worth $10,000.