MIT $100K Entrepreneurship Competition award for C-Crete Technologies

C-Crete Technologies,a startup set up by MIT Graduates have won $100,000 in startup funds during the MIT $100K Entrepreneurship Competition awards ceremony held on 12th May.A panel of judges made up of entrepreneurs, venture capitalists, and industry professionals chose C-Crete Technologies on the strength of their business plan and presentation.

“For many years, the world has been looking for simple, scalable solutions to reduce the global carbon footprint and limit its impact on the environment,” says Natanel Barookhian, an MIT Sloan School of Management MBA and one of the new startup’s founders. “We at C-Crete Technologies have developed a method for tackling this issue by targeting the production of cement, one of the most widely used materials on earth, while improving all of its core properties. We believe our technology will make a significant impact on the world, and we look forward to growing a viable, sustainable business to meet these ends.”

In addition to the $100K grand prize, finalists were awarded $20,000 in seed money while first runner-ups received $5,000 and second runner-ups received $3,000. The audience favorite prize was worth $10,000.

To learn about MIT $100k visit http://www.mit100k.org/

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