Entrepreneurs Win in Global Competitions
Winners of the second annual Alumni New Venture Contest, the 2011 Social Entrepreneurship Fellowship, and Student Business Plan Contest have been announced.
Representing the HBS Association of Northern California and the HBS Tech Alumni Club, BioMine, led by co-founder and CEO Privahini Bradoo (MBA '08), took top honors in the School's second annual Alumni New Venture Contest. BioMine uses existing scaled-up mining industry technologies to capture value from the 40 million tons of "e-waste" that is landfilled or incinerated annually around the world.
(Watch Bradoo explain the concept behind BioMine.)
The venture contest finalists, representing twelve U.S and international regions, presented business plans for their start-ups to judges on Monday, April 25, during the final round of competition.
On Tuesday, Rakhi Mehra (MBA '09), founder of micro Home Solutions, a social housing initiative for developing sustainable building, was named the Social Entrepreneurship Fellowship winner. The organization is based in New Delhi, India, where it provides economically viable housing solutions for under-served populations, starting with India and for communities around the world.
(Watch Mehra explain how she's using her MBA.)
The winners of the Student Business Plan Contest were Boss Medical and Baby.com.br, while SANA Care won in the social enterprise track.
More than 90 teams submitted entries as part of this year's Alumni New Venture Contest. Clubs in Boston, Brazil, Chicago, Germany, India, New York/Washington D.C., Northern California, Southern California/San Diego, Shanghai, South Africa, Toronto, and United Arab Emirates acted as regional hubs, and finalists were chosen in March through contests held around the world.
In addition to BioMine, the regional finalists, representing a wide variety of new enterprises from photovoltaics to automotive marketing, were as follows:
Companies CardSwap and PhytoTEK were semifinalists, while AI Exchange received a mention at Monday's awards dinner as the winner of an informal popular vote.
Modeled after the HBS student Business Plan Contest, now in its 15th year, the Alumni New Venture Contest was designed to support promising new ventures founded by HBS graduates. As the winning entry, BioMine was awarded a $25,000 cash prize. Every finalist team received mentoring from an HBS faculty member prior to the judging and participated in on-campus sessions during the finals. The finals of the contest were judged by a panel of HBS faculty members and alumni from fields such as venture capital, consulting, law, accounting, life sciences, and technology. Legal services were sponsored by Cooley, LLP.
LifeQube’s mobile clinic management system, MobiQube, creates and manages shared mobile-based longitudinal Electronic Health Records via mobile phone.
AVA is an invitation-only shopping platform. The company addresses the gap between the growing market demand for fashion and the lack of availability of branded merchandise and e-commerce websites in the Philippines.
CardSwap.ca is an exclusively Canadian service that helps savvy consumers save money on gift cards and provides a secure environment to exchange unwanted gift cards into cash.
Superdome offers the first Building Integrated Photovoltaics worldwide to incorporate encapsulated CIGS thin-film on the surface of an insulated, eco-friendly composite tile, enabling electrical interconnection and assembly with other tiles via “plug & play” connectors.
Crossover Energy is an energy services company, helping organizations reduce their energy costs and embrace sustainability by reducing their carbon footprint.
Dr. Consulta uses production line best practices to deliver fast, reliable, affordable and standardized medical appointments to low income families that are uninsured and underserved by the public system, in the poorest districts of Brazil’s largest cities.
Spendwisor.com enables consumer electronics purchasers to explore categories and products, compare brands in the same category, and browse buying guides, helping customers make an informed buying decision.
vinsnap is a mobile automotive marketing company. The application organizes car searches for customers using smartphones by decoding information from VIN numbers collected by mobile car shoppers.
AI Exchange is a Boston-based technology financial services company whose mission is to reinvent hedge fund investing through disruptive technology, transparency and liquidity.
PhytoTEK supplies a unique biologic solution for the infection-control market, a large and rapidly growing $3B global market. PhytoTEK focuses on treating and preventing biofilm-caused staph infections.
Over 40M tons of e-waste is generated worldwide every year, most of which is landfilled or incinerated. BioMine seeks to capture this currently lost value by using existing scaled-up technologies in the mining industry for the novel application of ‘mining’ e-wastes.
WikiPay is a proprietary mobile and online commerce platform that facilities money transfer, payment applications and mobile marketing via SMS through its website (www.wikipay.com) and mobile site (m.wikipay.com).