Here is the surprising winner of last week's UberPITCH event - Technical.ly Philly

Business

May 5, 2016 7:36 am

Here is the surprising winner of last week’s UberPITCH event

The winner of $10,000 in seed funding wasn't some whizzbang app. It was a Penn-developed technology that speeds up the beer fermentation process.

Team Fermento, left to right: Shashwata Narain, Siddharth Shah and Alexander David.

(Courtesy photo)

Boy, do we wish we could have been in the car when this winning pitch was delivered.

Uber and Technical.ly teamed up to bring UberPITCH to Philadelphia during Philly Tech Week 2016 presented by Comcast. The on-demand event delivered potential investors to participating entrepreneurs through the Uber app. From the pitches that were heard, five finalists were selected to compete in a final pitch round before a panel of judges.

The grand prize? $10,000 in seed funding and an invitation to participate in Philly Tech Week 2017.

The winning pitch was from Siddarth Shah and Shashwata Narain, cofounders of Fermento. Shah and Narain rode with investor Isabelle Freidheim of MissionOG.

Info on the "Three MuskeBeers." (Image courtesy of Uber)

Info on the “Three MuskeBeers.” (Image courtesy of Uber)

The Penn-developed technology behind Fermento speeds up the fermentation process in beer production by up to nine times while maintaining alcohol quality and composition at an industrial scale. This, as you might imagine, could lead to substantial cost savings for big brewers.

The Fermento team, which also includes Alexander David, hails from the Wharton School and Penn’s School of Engineering and Applied Science. The company’s “microfluidic fabrication technology” was developed in the lab of Penn professor David Issadore.

Shah and Narain are no strangers to successful pitches. Shah is the founder and CEO of two startups, in Dubai and India, in the financial services and ecommerce industries, respectively; Narain has worked in product development at a logistics startup in India.

Cheers to the Fermento team and to all of the participants who took a shot during this year’s UberPITCH!

Advertisement

Companies: Uber
Projects: Philly Tech Week
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Watch these 7 Penn startups battle each other for $135,000 in prizes

Jefferson launched a $2M fund aimed at industrial hemp research

Drexel researchers made a more efficient energy-conductive ink

SPONSORED

Philly

Why working with the University City Science Center was a game changer for 4 Philly startups

Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineer

Apply Now
Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now

London-based IAG sets up its US headquarters at Pennovation

Food Connect is now saving 12,000 meals from hitting the trash can every month

Meet the engineered Lovesick virus that spreads kindness and empathy

SPONSORED

Philly

Take a peek at the opportunities popping up at PromptWorks

Philadelphia, PA - Center City

Odessa

Sr. Business Analyst – Bilingual (Spanish)

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now
Philadelphia, PA

Linode

Software Development Engineer in Test

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!