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Stories

Stories

01 Jun 2011
40
40 views

New Venture Winner Mines E-Waste


Topics:
Environment-Wastes and Waste Processing
Entrepreneurship-General
Business Ventures-Business Startups
Technology-Hardware
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BioMine CEO Privahini Bradoo with teammate and company VP Paolo Pacorini

Winning Smiles: BioMine CEO Privahini Bradoo with teammate and company VP Paolo Pacorini.

Photo by Neal Hamberg

Related Links

Watch Privahini Bradoo talk about BioMine.

Meet the 12 finalists (videos)

Learn more about all twelve finalists

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Business Plan competition turns 15

In the throwaway graveyard where once trendy TVs, smartphones, and laptops go to become junk, Privahini Bradoo (MBA ’08) sees a beautiful, and prize-winning, opportunity. Representing the HBS Association of Northern California, BioMine, cofounder and CEO Bradoo’s company, received the 2011 Alumni New Venture Contest’s $25,000 first prize for its plan to mine the 40 million tons of “e-waste” generated globally every year. It’s a market that is potentially worth $70 billion annually.

“A single ton of circuit boards contains the same amount of metal — copper, gold, and other elements — as ninety tons of commercial-grade ore,” explained Bradoo. “Using existing scaled-up mining industry technologies, our goal is to partner with recyclers, waste collectors, industry, and consumers to access core components. Take circuit boards, for example. The process would begin with grinding up the circuit boards and would end with a yield of refined commodity-grade metals.”

Modeled after the School’s student Business Plan Contest, the Alumni New Venture Contest was designed to support promising new ventures founded by HBS graduates. Ninety-one teams from HBS clubs around the world submitted plans to regional judges in March. On April 25, U.S. and international finalists from twelve regions presented business plans for their start-ups to judges at the School for the final round of this second annual competition. Besides BioMine, the other semifinalists were PhytoTEK (New York/Washington, D.C.), a staph infection–fighting system, and Card- Swap (Toronto), which cashes in unwanted gift cards.

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. “I was impressed by the great turnout of teams, the care and diligence that the HBS clubs brought to planning the regional contests, and the passion and quality of ideas that all the participants brought to the competition,” said HBS professor Lynda Applegate, head of the Entrepreneurial Management Unit. “We are pleased that the contest not only is helping to identify promising new business ventures among our alumni but also is acting as a formal mechanism to connect alumni entrepreneurs with faculty expertise and the global HBS network of entrepreneurs, venture capitalists, and angel investors.”

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Featured Alumni

Featured Alumni

Priv Bradoo
MBA 2008, Section C
follow @Privahini

Post a Comment

Featured Alumni

Featured Alumni

Priv Bradoo
MBA 2008, Section C
follow @Privahini

Related Links

Related Links

    • 01 Dec 2019
    • HBS Alumni Bulletin

    Organic Matter

    Re: Neil Black (MBA 1997); Ross Buckenham (MBA 1981)
    • 24 Apr 2014

    Clean water that provides a trickle-down effect

    Re: Jaime Zobel de Ayala (MBA 1987)
 
 
 
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