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.