According to Twine, the average Fortune 500 company loses $100 million in undesirable, preventable employee turnover each year. Twine’s algorithm matches internal employees with open roles, helping individuals grow their careers within a company, saving the company millions in recruiting and training. Twine is a three-time winner of the Penn Wharton Innovation Fund and a member of VIP-Xcelerate, Penn Wharton Entrepreneurship’s new intense, four-month accelerator program for student ventures that are ready to launch; applications are by invitation only.
Twine was chosen at the Startup Showcase, a new version of the Wharton Business Plan Competition, showcasing the best student-founded startups from across the University of Pennsylvania. Eight finalist teams in the Startup Challenge were chosen from 29 semifinalists, after pitching in closed-room sessions to panels of alumni entrepreneurs and investors. The finalists pitched to a live audience and a panel of judges for over $135,000 in cash and prizes to help them launch their startups.