Lateefa Alwaalan wants to bring Arabic coffee to a global market
Coffee and start-ups might seem more Seattle than Saudi Arabia, but not to Lateefa Alwaalan (TMMBA 2011). Yatooq, the company founded by Alwaalan, makes it easier and faster to brew Arabic coffee, a blonde, spicy coffee central to all social gatherings in places such as Saudi Arabia, Bahrain and the United Arab Emirates.
Alwaalan came to Seattle to get her MBA after studying computer science, and working in IT and then banking in her home country of Saudi Arabia. While in the Technology Management MBA Program, she focused intently on gaining business and entrepreneurial skills. She competed in the Business Plan Competition with her idea for Yatooq. She also enrolled in the Entrepreneurship Certificate, offered by the Buerk Center for Entrepreneurship at Foster. She says her experience at the Foster School, “transformed me. I use everything I learned—from change management to supply-chain management to marketing.”
Upon returning home after graduation, her father offered her a job in his pharmaceutical company. Her first job was entering invoices, but that didn’t last long. She quickly moved up the ranks and became the general manager in less than two years. During that time, Alwaalan was also busy launching Yatooq.
The coffee business
Yatooq started by selling ready-made blends of coffee, with good results. The company’s most successful product, however, has been the introduction of its coffee machine last year. When made traditionally, Arabic coffee takes 20-30 minutes to prepare and requires over ten steps. Yatooq’s machine dramatically reduces the time and effort required to make Arabic coffee, and it’s one of the first such machines to be sold in Saudi Arabia. Within two weeks of launching the coffee machine in grocery stores and online, it sold out.
Shortly after that initial success, Alwaalan was able to stop working at the pharmaceutical company and focus on growing her business full-time. She is relentlessly focused on improving the product. The coffee machine has gone through several iterations and improvements, and Alwaalan says, “I’m focusing on acquiring market share and building the brand.”
Recently, competitors have entered the coffee market in Saudi Arabia with machines similar to Yatooq’s, and Nestlé introduced its own version of ready-made blends of Arabic coffee. Alwaalan views this positively; it means the market is growing.
Not only has Alwaalan managed a pharmaceutical company and launched a successful start-up, she also co-founded the organization CellA, which offers women the opportunity to regularly network with each other—a foreign concept for many women in Saudi Arabia. CellA also provides career management training and a mentorship program for women who are just starting their careers. In 2011, the group had 70 members. Today, membership has ballooned to almost 3,000, and the organization has provided training to 600 women. Alwaalan was nominated to be president of the organization earlier this year.
The future looks bright for Alwaalan. Yatooq continues to expand. Last fall, the company started distributing its coffee and coffee machines in Kuwait and opened a store there. In December, she was chosen by Forbes Middle East as one of its “Leaders Inspiring a Kingdom in the Business World.”
Alwaalan said her greatest challenges now are scalability and shifting from a start-up to a more established company. Her goal for the future is to bring Yatooq’s coffee and coffee machines to the world, and her vision is for Arabic coffee to be the next Chai tea. Look for Yatooq in a store near you soon.
36 student-led startups from colleges and universities across Washington state gathered at the University of Washington today to compete in the Investment Round of the annual UW Business Plan Competition. This years’ teams, selected from a pool of 92 applicants, demonstrated innovation and inspiration across sectors—solar energy, wearable technology, public health and safety, even sauerkraut! After four hours of pitching to 300+ judges—entrepreneurs, lawyers, investors, and other top professionals—the sixteen top-scoring teams were announced. These teams will move on to the next round of the 2014 BPC, and a chance to win the $25,000 Grand Prize. Stay tuned!
Congratulations to the 2014 UW BPC Sweet 16:
Aurora Plasmonics(University of Washington) Blood clots are a major problem during dialysis—an average of 400,000 de-clotting procedures take place each year in the U.S. Aurora Plasmonics has developed cost-effective, non-invasive therapeutic and diagnostic technologies for de-clotting procedures. These technologies offer reduced procedure times and costs, improved outcomes, and increased patient comfort.
ChooseVets.com(University of Washington – Tacoma) ChooseVets.com is a web based, peer-to-peer market through which customers can hire local military veterans for common or specialized tasks, jobs or errands. ChooseVets will charge a brokerage fee for connecting its customers with its military veteran independent contractors. ChooseVets’ contractors can perform a diverse range of personal services and labor, ranging from landscaping to remodeling houses. Through ChooseVets, businesses and individuals can not only find reliable, skilled people to get needed tasks accomplished, they can show their support for America’s veterans and help them reintegrate back into their local communities.
FastBar (University of Washington – Bothell) Everyone hates long bar lines, and payment processing at pop-up bars—temporary bars for special events that don’t have built-in point of sale systems —can mean especially long wait times. FastBar provides a simple, high-speed payment solution for pop-up bars that uses RFID wrist bands.
FDCARES (University of Washington) Fire departments use up valuable time and money dispatching Emergency Medical Service in response to non-urgent 911 calls—up to 40% of fire department medical responses are for non-emergencies. FDCARES saves fire departments millions of dollars and improves their 911 response efficiency by integrating a Non-Emergency Medical Service division into their operations.
Flu Finder(University of Washington) Current flu diagnostic tests are unable to achieve effective early diagnosis for most flu-infected individuals. Flu Finder has created a flu test that is accurate, inexpensive, and can be administered by anyone, anywhere, with results in less than 20 minutes.
Innovii (University of Washington) The Innovii Challenge is an extracurricular 10-day challenge where teams of high school students compete to create innovative, profitable micro-ventures with startup capital of only $20. Throughout the 10-day event, Innovii provides unique workshops and coaching strategies to help students execute on their business plans.
IonoMetal Technologies (University of Washington) Gold-plated surfaces used in computer chip testing wear down with repeated use and must be replaced. Each test board costs upwards of $40,000, and there is currently no available cost efficient repair option that satisfies industry standards. IonoMetal Technologies has developed technology that lowers the costs of manufacturing new gold-plated test boards by 10x.
Korvata (University of Washington) Korvata Inc. creates cutting edge alternative chemistry products that enable companies to mitigate their environmental impact. Korvata, a Delaware Corporation, received the top award at the 2014 UW Environmental Innovation Challenge (EIC). Its patent-pending technology enables customers in the food & beverage and CPG industries to significantly reduce their carbon footprints.
Loopool (Bainbridge Graduate Institute) The textile and apparel industry is facing resource scarcity and significant economic loss through an inefficient supply chain. Loopool is both a technology and a philosophy for the management of a sustainable textile and apparel supply chain ecosystem. It is a process used to reclaim textile and apparel waste and convert it into high quality bio-based fiber for the creation of new textiles and apparel. Loopool is a holistic closed-loop garment recycling system and a business model representative of the new era circular economy.
Mobile Foam(Washington State University) 1.6 billion people worldwide live in substandard housing. Humanitarian organizations are trying to address this by building more homes, but construction is often low-quality and lacks energy efficiency. Mobile Foam empowers humanitarian organizations to build higher quality homes with their building kit: floor-plans, consulting, and the necessary chemicals and portable molds to produce polyurethane blocks on-site.
NOVA Technologies (Western Washington University) NOVA Technologies is changing the way the world views solar energy by manufacturing commercial windows that produce solar power. Intended for large-scale commercial applications, this radical concept takes advantage of a building’s surface area, rather than being limited by the square footage of its roof.
OlyKraut (Bainbridge Graduate Institute) OlyKraut combines local produce, the magic of fermentation, and delicious original recipes to create sauerkraut that’s more than a condiment–it’s a health tonic, a kick in the tastebuds, and an investment in the local food system.
OpsMagic(University of Washington) OpsMagic combines off-the-shelf cameras and advanced computer vision to automate observational studies, empowering businesses to tune operations to consumer demand. By building software intelligence and analytics on top of everyday video infrastructure, we solve the pain of a person using a stopwatch and some paper to measure business processes. Instead, we enable businesses to quickly understand customer demand, rapidly iterate on continuous improvements, and immediately see cause and effect. OpsMagic solves a major hassle in business operations measurement by tapping into new source of big data in video.
Projected Talent(University of Washington) Projected Talent is an online marketplace that connects skilled undergraduates to businesses on short, meaningful, paid projects. This allows students to gain valuable, relevant work experience and businesses to find and audition the best talent while accomplishing important tasks. By lowering the time, space, and financial commitment, more companies than ever are now able to connect with students.
Spectral DNA(University of Washington) Our always-on, highly mobile and energy-demanding world does not cannot continue to operate using wired technology. Spectral DNA is solving this problem by developing smart fabrics that generate ubiquitous power and sensor functionality for the wearable technology, automobile, and housing industries.
Trestle (University of Washington) Trestle converts your smartphone into a touchscreen interface for your Wi-Fi router. With Trestle, complicated configuration tasks are automated making your home network a breeze to set up, and your internet security and speed are continuously optimized. It’s so easy that even your grandma can do it!
Want to know more?
Follow the progress of the 2014 BPC on Twitter: #UWBPC2014
Join us for the Final Round: Thursday, May 22, 1-4:30pm, Dempsey Hall.
On April 2, the Foster School held its 2nd annual Innovation and Entrepreneurship Symposium, hosted by Neal Dempsey, this year’s Fritzky Chair. Julia Link, principal of the Link Group which offers product and go-to-market strategies for various companies, spoke about the creative process and provided a design framework.
A design framework for innovation:
Step 1: Empathize – In this phase, you’re trying to understand your target customers’ needs, motives, feelings and goals. Your job is to get the story. Don’t go to your potential customer with the solution; instead let them tell you what they want.
Step 2: Define – Take the information and insights you’ve gathered in step one and start to define the user and decide what problem you’re trying to solve. You should ask yourself “so what.” We’ve created this product that solves this problem. So what? Why is it so important to solve that problem? Who needs that problem solved?
Be sure to design your product for individuals, not the industry. Link also made a very important point about designing for the extreme users. Extreme users are not power users, but they are people who have more requirements than the average product user. If you can design for the extreme users, chances are high the regular users will also like what you designed. An example she cited was wheels on suitcases. Now ubiquitous, wheels on suitcases were originally for people who traveled a lot.
Step 3: Ideate – Come up with a lot of ideas for your product. This works best when you can brainstorm with a group which has varying backgrounds. Have everyone suggest ideas. Don’t judge the ideas, just write them down.
Steps 4 and 5: Prototype and Test – Take the ideas generated in step three and go make something. Don’t spend a lot of time or money on the prototype. It’s not sacred. You’re simply trying to create something people can give you feedback on. Don’t take the feedback personally. Repeat this process as often as needed: Prototype > Fail > Learn often.
Learn more about all the Innovation and Entrepreneurship Symposium sessions.
On April 2, the Foster School held its 2nd annual Innovation and Entrepreneurship Symposium, hosted by Neal Dempsey, this year’s Fritzky Chair. Three people spoke about design and innovation trends in business: Ken Denman, president and CEO of Emotient; Bob Paulsen co-founder and CEO of PlayerLync; and Julia Link, principal of the Link Group. Below are highlights from Denman’s and Paulsen’s sessions.
Denman focused on innovation and relayed his experiences with Emotient, a facial expression recognition and analysis company. Main points included:
When established companies are trying to innovate, they tend to make existing products only incrementally better. This works for awhile, but then smaller companies start to catch up and offer more innovative products that grab more and more market share. The example Denman cited was the iPhone. When it came out, it was a product category maker or re-maker. It started taking market share away from existing markets such as GPS and personal cameras.
Study up on the industry you’re in so you know who the competitors are and where the market is heading. Knowing this information allows you get beyond the basics in conversations.
As an entrepreneur, you’re always raising money while you’re doing everything else. It’s exhausting, but it’s part of the job.
As an entrepreneur you have to be able to overcome your fears. You must have the confidence to say, “I can do this.” And you have to be able to project that confidence.
Uncertainty is a given in entrepreneurship. You don’t know what you don’t know, but you’ll learn it when you need to know it.
Product philosophy: Before you start, think about the inevitable. What’s inevitable given the technology available, customer needs and status of the market? Use the answers to these questions to decide whether or not to pursue an idea. If you can identify those areas in the market where something big is going to happen, you’re positioning yourself for success.
One of the most challenging aspects of innovation is to take big complex ideas and make them stupid simple—so simple anyone can understand them.
To innovate, be disciplined and methodical in your thinking. Try something, measure it and iterate. Repeat that process over and over.
Learn more about Ken Denman and his company Emotient, formerly Machine Perception Technologies.
Bob Paulsen, co-founder and CEO of PlayerLync, shared his innovation best practices. PlayerLync creates an enterprise platform that provides a secure and easy way to control content and offers tablet-based collaboration. Their clients include large restaurant chains and NFL football teams.
Paulsen shared several keys to success:
PlayerLync takes a very user-focused approach to their product, and Paulsen reinforced that mentality throughout his presentation. He said you have to make it easy for someone to use your product. If their first experience with it isn’t positive, they’ll look for something else.
When developing PlayerLync, they considered what their customer would want in their product by anticipating their needs. The customer gave them a few initial requirements, and they took those requirements and ran with them. The result was a product that exceeded the customers’ expectations.
Ideas are great, but businesses are based on who will pay for your product, service or software. Don’t overlook this when starting a new venture.
He also recommended three business books: The E Myth by Michael E. Gerber, Crossing the Chasm by Geoffrey A. Moore and The Discipline of Market Leaders by Michael Treacy and Fred Wiersema.
Learn more about all the Innovation and Entrepreneurship Symposium sessions.
On Wednesday, April 2, the Foster School of Business held its 2nd annual Innovation and Entrepreneurship Symposium. Neal Dempsey, the visiting 2013-2014 Edward V. Fritzky Chair in Leadership, hosted an interactive day where students and business representatives came together to discuss the latest challenges in design and innovation.
The symposium started with Christian Chabot, founder CEO of Tableau Software. Next, Salman Ullah of Merus Capital and Neal Dempsey gave an insightful talk and provided advice to aspiring entrepreneurs. Highlights included:
It’s hard to be an entrepreneur. You have to fail to succeed. And after you fail, you have to get up and do it again.
To be successful today, you have to work really, really hard—harder than those in previous generations. Why? Because the world is full of people who are also working really, really hard, and you’re competing against them.
There are many sources from which to raise money. Ullah made the point, however, that it’s good to raise money from traditional sources (venture capitalists) because they have a high bar, which is good for you and your business.
The real work of an entrepreneur starts after you’ve raised money. Ullah said, “Have enough psychic energy to get past the initial euphoria of raising money.”
Take responsibility for your own career path. Regularly evaluate your career to ensure it’s what you want. If it isn’t, make a change.
In every job you have figure out who will give you air cover. In this context air cover refers to a person who will back you and your ideas up when you need it. This person could be someone you’ve done a favor for, your mentor or a colleague.
Learn more about all the Innovation and Entrepreneurship Symposium sessions.
Christian Chabot, CEO and co-founder of Tableau, spoke at the Leaders to Legends Breakfast Lecture Series on April 2. He outlined how Tableau, a business intelligence* software company, went from a small start-up in his Capitol Hill apartment to a publicly traded company (NYSE: DATA).
Chabot drew parallels between the rise of Tableau and the pattern that all disruptive companies follow as outlined in the book Innovator’s Dilemma by Clayton M. Christensen. That pattern is outlined below.
1. Disruptive technology comes along that is written off as low-end.
Initially, industry experts dismissed Tableau’s software even though it made it much easier for people to analyze data. Its software democratized people’s ability to work with and analyze data.
2. Market share captains write off the disruptive technology.
Gartner, an industry research firm, wouldn’t give Tableau the time of day from 2004-2006, and from 2007-2009, Gartner referred to Tableau as an interesting little data visualization start-up that is part of a niche market.
3. Massive numbers of people start to adapt the new technology.
The company’s revenue has roughly doubled every year since 2005, except for in 2009, the year of the financial collapse. Today, Tableau is the fastest growing software company in the world.
4. Technology moves up market and replaces the high-end technology.
Gartner visited Tableau in 2013 and said traditional business intelligence is dying and the world is moving toward the way Tableau operates.
5. Traditional providers start to struggle financially.
While Tableau is experiencing rapid growth, companies such as SAP and IBM, former leaders in the business intelligence industry, are reducing the size of their business intelligence divisions.
To learn more about Tableau and hear Chabot’s two pieces of advice for entrepreneurs and why he thinks Seattle is a better place for start-ups than Silicon Valley, watch the video below.
* Business intelligence (BI) refers to software applications that are used to analyze an organization’s raw data. BI includes data mining, processing, querying and reporting.
Christian Chabot was one of UW Foster School of Business Dean Jim Jiambalvo’s guest speakers at the annual Leaders to Legends Breakfast Lecture Series, which include notable leaders in an array of industries from greater Seattle and around the country.
The annual UW Environmental Innovation Challenge (EIC), now in its sixth year, challenges interdisciplinary student teams to define an environmental problem, develop a solution, produce a prototype, and create a business summary that demonstrates the commercial viability of their product, process or service.
23 teams were selected to compete in the 2014 UW EIC. Each of these teams proved that students have the potential to address our most pressing environmental needs—alternative fuels, recycling, solar power, water treatment—with novel solutions that have market potential. After pitching their innovations to a group of 170+ judges—investors, entrepreneurs, policy-makers, and experts from across sectors—the six teams with the highest scores were awarded up to $10,000 in prize money. Congratulations to this year’s winners:
$10,000 Grand Prize Korvata (University of Washington)
Korvata has created a cutting edge alternative energy product that allows companies to mitigate their environmental impact by replacing the use of nitrous oxide as a whipped cream propellant. (sponsored by the UW Center for Commercialization)
$5,000 Second Place Prize and $5,000 Clean Energy Prize NOVA Solar Window (Western Washington University)
NOVA Solar Window combines the power producing capabilities of a solar panel with the utility of a traditional window. The utilization of transparent solar energy technology allows solar windows to provide renewable energy where traditional solar panels cannot. (sponsored by Puget Sound Energy the UW Clean Energy Institute)
$2,500 Honorable Mentions Loopool (Bainbridge Graduate Institute, Seattle Central Community College, University of Washington)
Loopool is reinventing the garment industry business model by creating a closed-loop supply chain, transforming reclaimed cotton garments and textiles into high-quality, bio-based fiber. (sponsored by Starbucks)
Salon Solids (University of Washington)
Salon Solids reduces the amount of plastic waste and hazardous chemical consumption that occurs with most hair products. Its six-ingredient shampoo and conditioner comes in solid form, eliminating the need for the preservatives necessary for a product with water in it, and its packaging is recyclable, biodegradable and does not contain plastic, further reducing waste. (sponsored by Fenwick & West)
Ionometal Technologies (University of Washington)
Ionometal Technologies has created a metal plating technique that allows for precise metal-on-metal deposition which can be used to repair gold test boards. The Ionometal printer prints metal plates that are smaller than can be seen with the naked eye. (sponsored by WRF Capital)
Check out what guests, judges, and teams had to say about the 2014 UW EIC on Twitter: #UWEIC2014
This event was hosted by Neal Dempsey, the Foster School’s visiting 2013-2014 Edward V. Fritzky Chair in Leadership.
You’ve probably seen the headline; “Major company goes public.” Perhaps you’ve even heard the breathless analysis that follows when said company’s stock prices decrease. What you’re probably less likely to hear or read in the news are the debates between CEOs and investment bankers, the strategy CEOs use to discuss going public with their employees, and how bankers negotiate stock price. These are the exact conversations current Fritzky Chair Neal Dempsey had in mind when he invited Vice Chair of JP Morgan Chase Cristina Morgan, former Eloqua CEO Joe Payne, Guidewire CEO Marcus Ryu and Head of Capital Markets at JP Morgan Chase Mike Millman to participate in a panel discussion on the IPO and M&A process. Moderated by Foster Professor Jennifer Koski, the panelists gave what is probably the most inside view possible of going public. Below are a few of the questions they tackled:
How do companies decide they’re ready to go public?
All of the panelists agreed that there are several things you must take in to consideration before making a final decision. For Ryu, it is asking one’s self, “Why do you want to go public?” Payne agreed, adding “Going public as a sole goal is an empty goal.” When preparing to take Eloqua public, Payne said that he and his colleagues spent a lot of time thinking about their customers and how they would feel about the move. Speaking from the investment bank perspective, Morgan argued that “the worst thing you can do is take a company public before they’re ready.” Furthering this point, Millman said that companies must consider three points before they go public; 1) Currency 2) Branding and 3) Capitol.
How do you maintain enthusiasm among your employees during the IPO process?
Ryu believes it is important for companies to operate with a long-term outlook. Since the stock market isn’t exactly the most steadfast entity, he came up with a two-pronged strategy for communicating with his employees about the IPO process: 1) Talk down the IPO and 2) Get everyone to understand the fickleness of the stock market. Having survived the dot com bubble of the 90s, when CEOs gained —and lost— millions of dollars in a matter of months, Payne had a similar revelation. “The issue of stock prices and IPO is only as important as you make it,” he stated in agreement with Ryu. In fact, Payne and Ryu said that they both designated a few minutes during staff meetings to answer questions about the IPO.
What is the biggest source of contention when going public?
When discussing the relationship between investment bankers and entrepreneurs, Morgan said “We’re [the investment bankers] representing the buyers as well as the sellers” and that all involved parties act as each other’s “checks and balances.” Adding, “[There’s a] natural suspicion that the investment bank is slightly more in league with the other side than with the company.” Simply put, bankers are predisposed to believe that the company is trying to get the stock prices higher while the company believes investment bankers are trying to get the price lower.
For Millman, there are three sources of contention:
1) Evaluation- It’s difficult to educate the company’s board on the IPO.
2) Employee selling- It can be very confusing for employees to know when and if they should sell.
3) Fees- Banks will argue with each other on the best way to “divide the pie.”
Speaking to Morgan’s “natural suspicion” comment, Ryu admitted that he was initially skeptical of investment bankers. However, having gone through the IPO process, he now understands the importance of the work they do. Looking to Millman, whom he worked with when Guidewire went public, Ryu stated “I can say emphatically that the fee is well-earned.”
The U.S. Department of Energy recently held its fifth Advanced Research Projects Agency-Energy (ARPA-E) Innovation Summit—an annual event that brings together academics, entrepreneurs, innovators, and thought-leaders to discuss our most pressing energy issues, the technologies being developed to address them, and the market potential of innovative energy technologies.
A central message of the three-day summit was the importance of entrepreneurship. Keynote speakers like U.S. Secretary of Energy Ernest Moniz and Pulitzer Prize-winning author Thomas Friedman stressed the importance of commercializing new technologies. Their message was clear: it’s one thing to develop a breakthrough technology. It’s another thing to turn that brilliant technology into something commercially viable. If you want to advance energy innovation and solve our energy crises, you have to think and act like an entrepreneur.
For the past five years, the UW Environmental Innovation Challenge (EIC) has been delivering that same message to innovative and entrepreneurial students from colleges and universities throughout the Pacific Northwest. Each year, interdisciplinary student teams are challenged to define an environmental problem, develop a solution, produce a prototype, and create a business summary that demonstrates market potential. The quarter-long process culminates in a large, DemoDay-like event where a select group of teams pitch to a group of 150+ judges—investors, entrepreneurs, policy-makers, and experts from across sectors. The top teams are awarded up to $10,000 in prize money, and everyone comes away with valuable feedback and experience to help them realize the market potential of their innovations.
The 23 teams selected for this year’s UW EIC run the gamut of clean technology and environmental innovation: Loopool is addressing waste in the garment industry by creating a closed-loop supply chain that transforms reclaimed cotton garments and textiles into high quality, bio-based fiber; NOVA Solar Window combines the power-producing capabilities of a solar panel with the utility of a traditional window, providing renewable energy where traditional solar panels cannot. Korvata, in response to the harmful environmental effects of greenhouse gas emissions, has created a mixture of proprietary gasses to replace the use of nitrous oxide as a whipped cream propellant.
For the next month, these competitors, along with 20 others, will refine their prototypes, perform market analyses, hone their pitches, and prepare to prove that their innovation has the potential to succeed in the marketplace—and transform our world.
Follow the progress of the 2014 UW Environmental Innovation Challenge:
“GSEC gets to the noble purpose of business.” – Dean James Jiambalvo
Every year, the UW Foster School of Business holds the Global Social Entrepreneurship Competition (GSEC), an international social enterprise competition at which students from around the world present business solutions to some of the world’s biggest challenges—poverty, health and development. The 10th annual GSEC brought in more than 160 entries from university teams spanning 37 counties.
The competition, hosted by the Foster School’s Global Business Center, featured 19 semi-finalist teams from Bangladesh, Hong Kong, Nigeria, Pakistan, Philippines, Rwanda, Uganda and the U.S.—including two UW teams—competing in Seattle for $40,000 in prizes. This year’s winners were announced at a celebration dinner on February 27, 2014.
Grand Prize, Fargreen- Colorado State University, USA
Fargreen uses zero waste farming technology to convert rice straw waste into a product that can be used for mushroom farming and the production of bio fertilizers in Vietnam. This model prevents farmers from burning waste and releasing greenhouse gases into the air while also allowing farmers to diversify their crop yields and gain additional income from mushroom farming. (Sponsored by Microsoft and Seattle International Foundation)
2nd Place Prize, Bhitti, University of Dhaka, Bangladesh
Bhitti utilizes sugarcane bagasse, an agricultural by-product, to manufacture environmentally friendly, affordable and sustainable materials for construction. These materials can be used to build sturdier housing options in Bangladesh that may offer protection from natural disasters. Bhitti products require less energy consumption and leave a zero carbon footprint. (Sponsored by Global Business Center)
Global Health Prize, AYUDA Food Aid, Ateneo de Manila University, Philippines
AYUDA Food Aid is a nutrition-dense ready to eat compressed food bar that is intended for victims of natural disaster in the Philippines. AYUDA is a good source of energy, protein, carbohydrates and other essential nutrients typically lacking in most disaster relief goods such as instant noodles and canned foods. AYUDA Food Aid focuses on sustainable development by sourcing raw materials from local growers while compensating them at fair trade prices. (Sponsored by UW Department of Global Health)
The National Collegiate Inventors and Innovators Alliance (NCIIA) E-Team Award went to Nanaoly Bioscience of University of Colorado. Nanoly Bioscience aims to eliminate the need for vaccine refrigeration with a nano-sized polymer that stabilizes vaccines and other temperature sensitive medicines so that vaccines may be safely and effectively delivered at a low cost anywhere in the world. This prize provides up to $5,000 in travel support to a three-day E-Team program workshop. Sponsored by The National Collegiate Inventors and Innovators Alliance (NCIIA)
Seattle Rotary and University District Rotary awarded $2,500 in prize money to AYUDA Food Aid for receiving the highest Social Impact score from preliminary round judges.
At the Celebration Dinner and Awards Banquet, the room buzzed with excitement and passion. Arun Gore, keynote speaker and CEO of Gray Ghost Ventures, noted the infectious spirit in the room. He commended each of the teams for their hard work and encouraged them to continue to pursue their dream.
Grand Prize Winner, Fargreen, has no plans to let grass grow under their mushroom farmers’ feet. “We plan to use the prize money to build our first mushroom facilities for ten farmers who already signed up to be in our network,” said Tran. “The construction and production will happen this summer.”
– Faculty perspectives, alumni happenings, student experiences, Seattle and Pacific Northwest community connections, and a taste of life around the Foster School.