Business Plan Competition

On May 24th, the University of Washington Foster School of Business Center for Innovation and Entrepreneurship held its annual Business Plan Competition. The competition is open to teams that include students currently enrolled in a degree program in the state of Washington. Out of 101 teams that applied, the final round of judging by various local venture capitalists and entrepreneurs selected the winners.  UrbanHarvest (pictured below) won the grand prize of $25,000 as well as the Best Clean-Tech Idea (which came with a prize of $2,500).

UrbanHarvest.jpg

UrbanHarvest, founded by two students from the Foster School of Business at the UW, plans to build out the first deployment of its rooftop, hydroponic greenhouse solution on a Redmond, Washington parking garage at Microsoft.  In the greenhouse, the company will grow lettuce and herbs for use in cooking on the Microsoft campus.  The company’s goals include reducing the fossil fuel burn of transporting produce from a distance while providing very fresh produce.

Continue Reading UW 2012 Business Plan Competition Winners