The Wharton School of the University of Pennsylvania announced that student team BioCellection won the $30,000 Perlman Grand Prize of the 2016 Wharton Business Plan Competition (BPC)—as well as the Wharton Social Impact Prize, the Gloeckner Undergraduate Award, the Michelson People’s Choice Award and the Committee Award for Most ‘Wow Factor,’ making them the first team in BPC history to win five awards.

Founded by Penn undergraduates Miranda Wang, C’16, Alexander Simafranca, C’18, and Eric Friedman, C’16, and their teammates, Jeanny Yao and Daniel Chapman, BioCellection converts unrecyclable plastics into valuable materials using genetically engineered bacteria. They are the first undergraduate team to win the grand prize, awarded last month at the Wharton School’s annual Venture Finals.