Wharton students have a history of creating innovative businesses that fill a need among younger consumers. The school’s Venture Initiation Program alumni have founded a suit company targeting college students, a “Peel ‘N Taste” marketing system (featured on ABC News), and an all-natural foods cafe in University City and Center City Philadelphia.
A few weeks ago, a humor piece in the Wharton Journal suggested that a group of VIP participants received seed funding to develop NoText, a company created to tackle the problem of drunk text messaging by blocking texts to selected numbers during certain hours. On Monday of this week, Wharton’s adcom blog posted an entry on this supposed new company (and a few alert readers of our blog may have seen a mention of this entry on our site), but they soon took down the entry when it was revealed that the Wharton Journal article was in fact just a humor piece.
Although NoText may not be real, dozens of Wharton MBA students are still pursuing their (very real) entrepreneurial visions through the Venture Initiation Program. For more information on how Wharton students with innovative ideas can get access to seed funding, or to see the resources available for developing your own entrepreneurial vision, be sure to visit the Wharton Entrepreneurial Programs website!
# posted by Clear Admit @ 3:00 pm in MBA News, School: Penn / Wharton