MBA in the News: Haas team wins social venture competition
Last month we wrote about Haas founding an education case competition. Haas students seem to have a knack for such competitons as their Revolution Foods team recently won the $25,000 grand prize at the eigth annual Global Social Venture Competiton held at Berkeley.
According to the Haas press release:
Revolution Foods, founded in August 2006 by Haas graduates, has replaced unhealthy meals at nine charter schools with healthier options such as spaghetti marinara, couscous, brown rice and fresh fruit. Their deliveries have doubled to 1,500 meals per day since August and are expected to double again before the year’s end. Revolution Foods also provides nutrition education and technical support to the schools they serve.
Nine teams of finalists from around the globe competed, and venture capitalists and social entrepreneurs judged their business plans. Three teams tied for the second place prize of $5,000:
- d.light (Stanford) – replacing fuel based lighting with safer LED lighting for people around the globe living without electricity
- Feed Resource Recovery (Babson) – providing the food industry with a cost-effective waste disposal solution that produces renewable energy and organic fertilizer
- Verdacure (Thammasat University, Thailand) – providing an herbal remedy for periodontal disease
