July 2009

Husk Power wins $250K at DFJ business plan competition

$250,000 will go a long way for Husk Power Systems.

The 2008/09 Venture Well cohort member beat 15 finalists from around the world to win the DFJ and Cisco Global Business Plan Competition on Tuesday, June 30.

Husk Power develops miniature power-plants the cost-effectivley convert rice husks into electricity, serving rural Indian villages. The team will receive a $250,000 investment from DFJ and Cisco to help take the company to the next stage. The presenting members of the Husk Power Systems team were University of Virginia, Darden School of Business 2009 graduates Chip Ransler and Manoj Sinha. The team started their company in India in 2007.

NCIIA program Venture Well provides venture development and seed investment to start-ups that will change the world.