Renewlogy, a waste-to-energy venture, took home up a $250,000 prize as a as they were named a winner in the bi-annual business plan competition, ACA’s Innovation Challenge.
The Arizona Innovation Challenge is aimed at providing funding to early-stage companies in high growth industries. A combined total of $1.5 million in funding is awarded, with the goal of advancing innovation and the commercialization of technologies within Arizona. Through this, the competition aims to create sustainable and growing businesses in Arizona, or help out of state companies establish themselves within Arizona.
Renewlogy, one of the RISN Incubator ventures, was founded at MIT by Priyanka Bakaya. She has passionately focused her career on the environment and energy, and has been recognized by Forbes 30 Under 30, Fortune 40 Under 40 Ones to Watch and others. She is a Stanford and MIT graduate. Renewology aims to become a tech leader in waste solutions and is passionate about developing innovative technologies to divert waste from landfills.
Want to learn more about Renewlogy? Listen to this interview with founder Priyanka Bakaya about Renewlogy and her journey to success.