Teams from around the world gathered for the 2011 Global Social Entrepreneurship Competition. Last night, Wello won the People’s Choice Award at the trade show, where more than 50 investors and the public heard about novel business ideas to solve global poverty.
People’s Choice winning company: Wello
Team: Ross School of Business, University of Michigan
Business idea: Using their WaterWheel, Wello provides affordable, clean water to rural India. The wheel is a tool to retrieve clean water without heavy lifting and can be used directly by families or employ people to work their way out of poverty by serving as water distributors.
Teams are still competing for grand prize at the UW Global Social Entrepreneurship Competition. Later this week, we’ll announce finalist winning teams who will leave Seattle with seed money for their projects.