http://www.impress.com.au/innovation/biodiesel-production-proposal-wins-the-australian-echallenge.html
Biodiesel production proposal wins the Australian eChallenge
Newsroom - Innovation
Saturday, 02 November 2013 00:00
A business plan to convert grease-trap waste into commercial-grade
biodiesel won the 2013 University of Adelaide Entrepreneurship,
Commercialisation and Innovation Centre (ECIC) Australian eChallenge.
Energy from Waste Pty Ltd., with members Lisa Chao, Philip Curran, Dr
David Rutley, Brian O’Neil and Ted McMurchie, not only won first prize
at an awards’ dinner on Friday night, but also received the $10,000
Adelaide Airport Clean Tech Award and a trip to Austin Texas to compete
in the Global Venture Labs Investment Competition – prizes totalling
$52,218.
Energy from Waste’s winning business plan outlines how it will design,
construct, commission and operate biodiesel production plants at major
waste processing companies that currently collect and dispose of
grease-trap waste, eliminating their disposal costs and creating a new
revenue stream.
Professor Noel Lindsay, ECIC Director, says Energy from Waste was
awarded first prize because the team delivered a proficient business
plan that could result in positive outcomes for both local businesses
and the environment.
“The Australian eChallenge is growing in popularity each year, with 35
highly creative and innovative teams competing in this year’s
competition,” Professor Lindsay says.
“Energy from Waste was selected because the team’s business plan is
thorough and professional. The team’s proposal clearly outlines an
opportunity to reduce the cost of waste processing and decrease its
impact on the environment.”
Further winners announced at the awards’ night, which was held at the
National Wine Centre, include:
Flarum, an internet-based service aiming to connect people with
common interests – winner of the second prize and the ECIC
Commercialisation Encouragement Award (totalling $21,399);
Florence Energy, with a proposal to recycle plastic using an
efficient and environmentally-friendly method – winner of the third
prize (totalling $7,359);
Family Footprint, a secure place for storing families’ digital
footprint – winner of the $6,750 Best Solutions International ‘Diamond
in the Rough Prize’;
Cinematick, an online platform to instantly connect consumers and
cinemas – winner of the $5,000 Vroom Award;
The annual eChallenge, now in its 12th year, sees teams of up to six
people (with at least one member being a South Australian tertiary
student) develop a plan for a new, previously unfunded business concept.
The competition incorporates business and entrepreneurial workshops,
team mentoring by industry professionals, networking opportunities and
help in developing new business ideas.
For more information, visit www.adelaide.edu.au/echallenge.
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