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Frankel Commercialization Fund - Student Participation

Overview | Student Participation | Application for Funding | Portfolio | Advisors

Students participating in the Frankel Fund join one of two teams with an industry-focused investment: the Health Care Fund and the Technology Fund. The teams are managed like small venture capital funds with responsibilities assigned to each of the team members who serve as partners.

The Frankel Fund experience is designed to teach students about the commercialization and venture investing process and about developing an efficient process for assessing the promise of early stage commercialization opportunities. Students need to work quickly and effectively to perform due diligence on an opportunity and then recommend a strategy to a Board of Advisors about potential investments. Additionally, students will create long-lasting working relationship with inventors and other team members, without which commercialization success may not be possible.

First-year MBA participants are selected in early October by existing student members of the Fund and the managing director. The application process consists of the submission of a personal written statement and resume. The Fund encourages students with diverse backgrounds to apply, including those with technical, finance, legal, and/or start-up experience. Individuals who are selected receive course credit for their work with the Fund and attend regularly scheduled weekly meetings in addition to the time spent evaluating opportunities outside of class.

Application Process
Each fall, the Frankel Fund seeks 6 to 10 first-year MBA students and 3 to 5 second-year or evening MBA students to become members of each of the Frankel Funds: the Technology Fund and the Health Care Fund. Applicants should demonstrate interest in entrepreneurship and the relevant academic or work experience for the team for which student is applying. Students should have excellent interpersonal and analytical skill. If an invitation to join the Fund is extended, students should understand that they will be committing the equivalent or more of time spent on a regular course; a strong desire to see the Fund be successful is necessary.

The application includes a resume and a 2-3 page personal statement that addresses the following questions: What do you bring to the Fund? What do you hope to get out of the Fund? How you will be able to commit the necessary time to the Fund? How will your Fund experience impact your future career?

September 4   Wolverine Venture Fund & Frankel Fellows Information Sessions
7:30 a.m. Room E0530
5:30 p.m. Room K1310
September 10   All application materials due by 8 a.m.
Please email applications to Tom Porter at tporter@umich.edu and
Jo Anne Cullip at jacullip@umich.edu
September 17   Candidates invited to interview will be notified by email
September 19-27   Interviews will be conducted
October 3   Invitations will be offered to selected students
October 6   Weekly meetings begin

Bios for 2008-09 Frankel Fellows

Health Care Fellows
Dan Chagnovich
Daniel is currently Director of Research Operations at Velcura Therapeutics and an evening MBA student at the Ross School of Business. He has greater than 15 years of academic and pharmaceutical research experience working in the areas of oncology, genetics, and metabolic disease. He has led the development of Velcura’s drug discovery and bioinformatics platforms. As global product team leader, he is responsible for overseeing the non-clinical studies and early clinical trials for Velcura’s lead compound. Prior to joining Velcura, Daniel was a bioinformatics scientist supporting target discovery in cardiovascular disease at Pfizer, Inc. At Ross, he has focused on Entrepreneurial Studies and Corporate Strategy. He holds a Ph.D. in Tumor Cell Biology from Northwestern University and a B.S. in Biochemistry from the University of California at Riverside.

Andrew Charnik
Andrew Charnik is a first-year MBA student at the Ross School of Business focusing on corporate strategy and entrepreneurial studies. Andrew brings over seven years of experience with JPMorgan Chase & Co. where he managed a range of projects from designing and launching software to streamlining internal operational processes. He is interested in bringing innovative technologies to market. Andrew’s undergraduate experience includes completing a thesis in inorganic chemistry and physics, and earning a B.A. with Distinction in Chemistry from the University of Delaware.

Travis Coy
Travis is a second-year MBA student focusing on business development and finance within healthcare and the life sciences. Travis spent the summer in Corporate Finance and Investment Banking at Eli Lilly and Company where he led the development of acquisition theses and executed due diligence for a Lilly Ventures investment. Prior to attending the Ross School of Business, Travis was an Analytical Chemist in the Pharmaceutical Product Development division at Eli Lilly and Company. He served as the analytical project leader for a drug candidate in early stage clinical development and contributed to several investigational new drug applications and regulatory responses. Prior to Lilly, Travis worked as a Production Manager for Milliken & Company. Travis holds a B.S. in Chemistry from Rose-Hulman Institute of Technology.

Delara Godrej
Delara is a second-year MBA student focusing on business development within the healthcare industry. Over the summer she interned as a business development associate at Avidimer Therapeutics, a start-up drug company developing targeted cancer therapeutics. Prior to attending the Ross School of Business, she was employed as a Senior Associate Scientist at Pfizer Inc. Her experience includes developing commercially viable manufacturing processes for active pharmaceutical products including treatments for schizophrenia, hypertension, bacterial infections, thrombosis and HIV. As a process chemist at Pfizer, she lead teams implementing large scale manufacturing processes and was awarded a patent for a synthesis of an oxazolidinone antibiotic. She has also worked as a material scientist, designing chemicals to improve delivery of potential drug products. Presently Delara serves on the board of Neighborhood Senior Services (NSS), a local non-profit that provides support to senior citizens. As a member of NSS’s Executive Committee, she is involved in resource consolidation and devising fund raising strategies. Delara holds a B.S. in Chemistry from Illinois Wesleyan University.

Andy Hastings
Andy is a second-year MBA focused on corporate strategy and entrepreneurial studies. Andy spent the summer at Deloitte Consulting in Seattle working to realign the investment management system for an international healthcare organization and redesigning the medical affairs division of international biotech firm. Prior to Ross, Andy was the Senior Development Manager at Share Our Strength, a leading social enterprise working to end childhood hunger in America. Andy co-created Hinges of Hope, a national poverty tour that unites political, business, and media leaders with social leaders from underserved communities - Appalachia, Harlem, New Orleans - to create micro-enterprises and deliver social change. Andy has also been a Program Director at TechFoundation, a technology consultant at Gomez.com, and a Program Manager with the Westgate Corporation in Tokyo. He holds an M.A. in Leadership from Georgetown University and a B.A. in Medical Anthropology from Brown University.

Phil Kowalczyk
Philip Kowalczyk is a first year MBA student at the Ross School of Business focusing on finance and corporate development within the healthcare industry. Prior to attending business school, Phil worked as a case manager on the Vioxx product liability lawsuit developing the science themes of the case through Merck internal documents, FDA interactions, and interviews with Merck executives. Phil holds a B.A. in Political Science from Princeton University.

Sachin Master
Sachin is currently a second year MBA student focusing on strategy and marketing with ambitions to join a consulting firm after graduation. He joined Ross from the San Francisco Bay Area where he worked in High-Tech operations for Advanced MicroDevices (AMD) and SanDisk. His role at both companies was to establish a backend manufacturing planning department to drive global production. This included developing and implementing global production forecasting systems, capital budgeting requirements and supplier relationship management tools. Before entering the professional work, Sachin attend the University of Michigan where he worked for the health system to develop processes to ensure HIPPA compliance of its procurement system. Sachin holds a B.S.E. in Industrial & Operations Engineering from the University of Michigan College of Engineering.

Chris Mortis
Chris is a Program Manager with L.VAD Technology, Inc., a privately held medical device start-up, and is an evening MBA student at the Ross School of Business. He has over 10 years of engineering experience in the cardiovascular device market and is currently managing a Phase II SBIR grant. Chris’ work experience began with 3M Cardiovascular (now Terumo CVS) and included the development of a next generation oxygenator, various cannulae and catheters, and myocardial drug delivery products. In 2000, Chris became a founding member of BeneCor, a Michigan based start-up focused on the commercialization of an artificial heart. Soon after, Abiomed acquired the company and Chris played an integral part in the design and development of the world’s first completely self-contained artificial heart. Chris also served as Director of Mechanical Engineering for a small Boston based start-up developing a diagnostic catheter for cardiac ablation. Chris holds a B.S. in Chemical Engineering from the University of Michigan.

Dan Saddawi-Konefka
Daniel is a dual degree M.D./M.B.A. student in his first year at Ross. He has completed three and a half years at the medical school, including 16 clinical months covering all core rotations. Prior to coming to Michigan, he designed, developed and patented a back brace for sagittal plane pathologies such as kyphosis due to osteoporosis. During his time here, he has been actively involved in technology applications for the medical school. His proposal and prototype for a student website were adopted as the new medical student homepage, and his development of interactive computerized modules have been incorporated into the first year medical school curriculum. Daniel holds a B.S. in Biomedical Engineering and Economics from Northwestern University.

Michael Tarasev
Michael is currently employed as a research associate in the Department of Biochemistry at the University of Michigan Medical School and is an evening MBA student at the Ross School of Business. He has nearly 20 years experience in life science research in the areas of applied photochemistry, photo medicine, biochemistry and molecular biology. He worked on adaptations of military laser technology to medical applications (dental, surgical, endovascular) and has five years experience in research and development of biomedical devices, including those for medical phototherapy and non-invasive optical diagnostics (using both broad-band and coherent light sources). He earned both a B.S. and M.S. in physics from St. Petersburg University, Russia, and a Ph.D. in optics/biophysics from Vavilov State Optical Institute, Russia.

Technology Fellows
Mark Birac
Mark is currently employed as a Product Manager at Lear Corporation’s Electronics and Electrical Division and is an evening MBA student at the Ross School of Business. He has over thirteen years experience creating new technology products. As an engineer and manager, he has been responsible for the design and development of several different electronics products, including wireless, RFID, displays, in-vehicle networking, smart junction boxes, and other embedded systems. Mark is also co-founder of a company which designs and markets CAD software for nanotechnology applications. Mark earned a B.S. in Electrical Engineering from the University of Michigan.

Punit Chiniwalla
Punit is a second year MBA focusing his education in entrepreneurship, corporate strategy and finance. Prior to joining Michigan, he worked at IBM’s T.J. Watson Research Center in New York where he moved quickly to the level of Research Staff Member. Punit’s technical experience includes more than nine years of research and development in the areas of advanced materials, semiconductor and nanotechnology processing, and optoelectronic packaging. He has been published in each of these fields and has multiple patents currently under review at the U.S. Patents Office. Punit holds a B.S. Chemical Engineering from Carnegie Mellon University and a Ph.D. in Chemical Engineering from Georgia Institute of Technology where he focused on integration of polymers into microelectronics and polymer physics. He interned this past summer at RPM Ventures.

Jason Dishlip
Jason Dishlip is a second-year MBA focusing on marketing and entrepreneurship. He brings over seven years of experience in user-centered software design and development. This past summer, Jason worked as a Product Manager in the Retail Customer Experience group at Amazon.com. Prior to attending the Ross School of Business, Jason worked at McAfee, Inc., where he served as the lead interaction designer for McAfee’s next generation small business managed security product. Prior to McAfee, Jason worked at Intel Corporation in both the design and development products for everyone from home consumers to corporate knowledge workers. Jason earned both a B.S. and M.S. in computer science from Stanford University with a focus in human-computer interaction (HCI).

Mike Edison
Mike is in his third year of a MBA and Masters of Science in Natural Resources and the Environment dual degree program. Mike has focused on finance and entrepreneurship with an industry focus in renewable energy and cleantech. Prior to graduate school, Mike was a senior consultant at Trinity Consultants, an environmental consulting firm servicing a diverse manufacturing client base including electricity generators, oil refineries and chemical processing facilities. Mike has a B.S. in Chemical Engineering from the University of Michigan.

Jessica Goldberg
Jessica is a first-year MBA focusing on marketing and entrepreneurship. Prior to attending the Ross School of Business, Jessica worked at Round Table Pizza Corporation, where she served as Market Research Analyst and later as Product Manager developing new pizza products for the brand. Jessica also worked at Mervyn’s (formerly a division of Target Corporation) where she was responsible for forecasting sales, developing merchandise distribution strategies and managing vendor relationships. Jessica earned a B.A. in Psychology from the University of Michigan with a focus on consumer behaviors. She leads the tech team in reviewing consumer oriented ventures.

Brian Katzman
Brian is currently enrolled in his first year of three with the Erb Institute, a dual degree program between the Ross School of Business and the School of Natural Resources and Environment. He moved from San Francisco where he worked for Google for the past four years. During his time there he spent a year and a half living in Hyderabad, India setting up their customer service operations and, most recently, worked with Google's Mergers and Acquisitions team in Mountain View. It was in India that Brian saw the dire need for sustainable energy in developing countries and what ultimately landed him here at Michigan to get an MBA and MS. He is excited about innovative technologies that can help move renewable energy technologies onto the main stage. He hopes to found a technology start-up or join a venture capital firm concentrated on cleantech. Brian holds a BA from Northwestern University in Environmental Science and Philosophy.

Katie Miller
Katie Miller is pursuing a joint Master of Architecture and Master of Business Administration with a focus on entrepreneurship. In 2007, Katie founded Muscle Marketing, an internet marketing company that generates online sales for retailers and referrals for service providers. Katie is a Zell Lurie Institute Scholar and Director of Communications for the Entrepreneurship & Venture Club. She has served as a volunteer design consultant to small business owners in Southwest Detroit’s Mexicantown district and secured millions of dollars in real estate development financing while working as Project Manager for Northwest Detroit Neighborhood Development. Katie holds a Bachelor of Science in Architecture from the University of Michigan.

Dinesh Narayanan
Dinesh is a first-year MBA student focusing on finance and entrepreneurship. Upon graduating from Emory University in 2001 with a Dual degree in Mathematics and Economics, Dinesh worked as an actuarial analyst at Mercer Human Resource Consulting. In this role, Dinesh developed nationally distributed Excel-based programs to streamline rigorous actuarial calculations. Prior to Ross, Dinesh was the Vice President of Sales for Digital Agent, a start-up telecommunications company specializing in the deployment of Voice-over-IP and Information Technology applications. Dinesh created the company's direct and indirect sales program, ultimately leading it to profitability in 14 months.

Alex Robart
Alex is a 1st year MBA focused on marketing, strategy and entrepreneurship. He spent the last three years working as a consultant with Booz Allen Hamilton. He worked primarily with Fortune 500 clients and helped them reorganize their IT delivery organizations and realign their technology infrastructures. Prior to Booz Allen, Alex spent a year with a financial processing outsourcing startup, where he managed technology projects and developed business partnerships. He holds a BS in Systems & Information Engineering from the University of Virginia with a focus in Technology Management & Policy.

Heath Silverman
Heath is a second-year MBA student at the Ross School of Business focusing on corporate strategy, marketing, and entrepreneurship. He brings a decade of full and part-time tech industry experience to the Frankel Commercial Fund. Upon graduating from UC Berkeley with a degree in Cognitive Science, he co-founded an Internet startup which he successfully sold one year later. Since then, he has held positions marketing Internet infrastructure software and working in the Communication and Network Services’ Design and Project Management Team at UC Berkeley, where he managed the implementation of large-scale campus telecommunication projects. Most recently, Heath interned at Amazon.com as a Product Manager in the Amazon Web Services group. Heath is also Co-President of the Entrepreneur and Venture Club, a student run organization in the Ross School of Business dedicated to supporting and growing the entrepreneurial community at the University of Michigan.

Clean Tech Fellows
Brewster Boyd
Brewster is a dual-degree MBA/MS student focusing his work at Michigan on entrepreneurship in environmental technologies. Prior to graduate school, he was an Associate with Ross & Associates Environmental Consulting in Seattle, a firm dedicated to helping public agencies improve management programs and achieve better environmental results. Before moving to the northwest, Brewster was a management consultant with A.T. Kearney based in Sydney, Australia. He graduated from Middlebury College with a dual degree in Economics and Environmental Studies.

Laura Bruce
Laura is a dual-degree MBA/MS student is interested in energy sector strategy as this industry prepares for future climate change regulation and the growth of carbon markets. She developed this interest while working at the World Bank carbon funds sourcing emissions credits from renewable energy and other low-carbon projects in the developing world. Laura has also worked at several environmental non-profits on energy, climate, and transportation policy. Most recently she was a consultant for the National Environmental Trust where she analyzed proposed climate legislation and ways of linking with international regulatory systems. Laura graduated from Columbia University in 2002 with a B.A. in anthropology and the history and theory of architecture.

Siobhan Doherty
Siobhan is a dual-degree MBA/MS student with five years of experience in the alternative energy industry working across the private, government and non-profit sectors. Prior to Michigan, Siobhan worked for the Center for Resource Solutions (CRS) based in San Francisco. CRS is a national non-profit working to build a robust renewable energy market by increasing demand and supply of renewable resources. While at CRS, Siobhan managed the day-to-day administration of the Green-e, the nation's leading independent renewable energy certification and verification program. The Green-e Program works to expand the market for clean, renewable energy by advancing awareness of renewable energy options and protecting consumers. Siobhan has also assisted in administering the EPA's Energy Star Program, developing a renewable energy program for Shanghai and supporting Rhode Island businesses to purchase renewable energy. Siobhan graduated from Smith College with a B.S. in Government and a minor in Environmental Science and Policy.

Mike Hartley
Mike is a dual-degree MBA/MS student interested in partnering with corporations to develop profitable sustainability initiatives utilizing energy efficiency, renewable energy systems, and corporate strategies that address climate change. Before coming to Michigan, Mike was an Associate with ICF International in Washington, DC, a firm providing consulting and technology services to public sector clients in defense, energy, environment, homeland security, social programs, and transportation. At ICF, he provided support to EPA's Office of Air and Radiation, Office of Solid Waste, and Office of Pollution Prevention and Toxics on a number of research and analytical projects. He received a B.A. in International Studies from Kenyon College.

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