Published: June 6, 2026 • 12:20 AM IST · Updated: June 6, 2026 • 9:48 AM ISTBy TheBriefWire Editorial Team
Key points
Record-Breaking $435,000 Awarded at 19th Annual Global New Venture Challenge;
Phinorm, Morton Labs Tie for First Place Phinorm provides on-device drone detection software for defense sensors, while Morton Labs is building computational infrastructure to accelerate fusion energy research.
The Polsky Center for Entrepreneurship and Innovation today announced the winners of the 19th Annual Global New Venture Challenge (GNVC), where a record $435,000 was awarded to ventures led by Chicago Booth Executive MBA students.
All participants received some investment.
This year’s first-place winners are Phinorm, which provides on-device drone classification and location software for defense sensors, and Morton Labs, a computational science venture building digital infrastructure for fusion energy research.