The winner in the business track category was the start-up 'Alfred', being launched by Saurabh Mahajan, Marcela Sapone and Jess Beck.
Alfred is a concierge service individuals can use for their daily and weekly tasks, including dry cleaning, house cleaning, groceries, laundry, and more.
The Alfred team also won $50,000. The runner-up in the social enterprise track was 'Tomato Jos' founded by MBA students Mira Mehta and Mike Lawrence.
'Tomato Jos' is a vertically integrated tomato processing company that helps small farmers in Nigeria grow tomatoes that can then be made into tomato paste.
In the business category, 'Booya Fitness' founded by MBA student Pritar Kumar won the runner-up award and a $25,000 cash prize.
The venture is an on-demand video platform featuring workouts created by the industry's best boutique gyms and instructors.