Energrow Inc.

Exchange Magazine

University of Waterloo arts students Jasmin Hofer and Ashley Smith, are the brains behind Energrow, which won first place in the national Wes Nicol Undergraduate Business Plan Competition in late March.As winners of the local contest, they went to Ottawa for the finals under the sponsorship of UW’s Centre for Business, Entrepreneurship and Technology. Energrow designs and builds presses to process soybeans into livestock feed plus an oil that can be converted to fuel. “This is about being able to give farmers control of their own commodity,” says Hofer, who developed the company out of a co-op work term job. The duo came home with a $5,000 prize thanks to entrepreneurWes Nicol (who also financed the regional competition at UW) and memories of meeting billionaire Terry Matthews, an Ottawa business leader and donor of the March Networks Atrium in UW’s CEIT building.

Via > Exchange Magazine June 2007, Page 10

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