Record-Breaking $435,000 Awarded at 19th Annual Global New Venture Challenge; Phinorm, Morton Labs Tie for First Place

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.