The Jefferson Accelerator Zone, a “command central’ for entrepreneurial innovation at Thomas Jefferson University in Philadelphia, is sponsoring a “Shark Tank”-style competition for weed and hemp start-ups. The contest, the first ever of its kind to be sponsored by a university, will award substantial prizes and legal services to one winner and two runners-up. Applications are open to members of the Jefferson community as well as non-affiliated parties.
Thomas Jefferson University Is Offering Prizes for CannaVation
Thomas Jefferson University started its JAZ Tank competition in 2015. JAZ Tank aims to foster entrepreneurship and innovation within the healthcare field specifically. The program encourages innovators to create start-ups that turn business ideas into products that can benefit the medical field.
In the past, winners have developed web platforms for students, reduced the toxicity of chemotherapy and even revolutionized at-home artificial insemination procedures.
But this year’s JAZ Tank contest is a little different. It will focus specifically on innovative business ideas related to cannabis. Hence, “CannaVation”.
Contest Seeks Start-Ups Focusing on Industrial Hemp and Patient Outcomes
“We want to see creative and different approaches to the industry, especially in ancillary businesses,” said Zoe Selzer McKinley. McKinley is a director at the university’s Lambert