EGG-energy’s hard work has paid off once again! The US team has been working on multiple submission deadlines for the Pace Pitch Contest (www.pace.edu/pitch ) since early October, and Mark Yen and Rhonda Jordan have been rigorously training for the pitch for a couple weeks now. Bruce Bachenheimer, Pace Pitch Contest Director, welcomed the two in New York City on December 3rd along with nine other finalist teams. The keynote speaker was Iqbal Z. Quadir, Founder and Director of the MIT Legatum Center for Development and Entrepreneurship (http://legatum.mit.edu/) – so the finalists had a tough act to follow. All of the finalists gave well-organized pitches to the panel of judges, but EGG-energy stood out.
Mark Yen delivered a compelling pitch and COO, Rhonda Jordan, answered the judges’ questions. The two were able to demonstrate what makes EGG-energy unique: the company (1) addresses a very pressing need experienced by over a billion people in the world today (a lack of access to electricity) (2) offers a solution that is much safer and reduces carbon emissions by over 130,000 tons over the next 10 years (3) offers a solution that is more than 30% cheaper than alternatives (4) offers local employment opportunities and (5) is profitable.
Congratulations to the EGG-energy team!
Rhonda Jordan (left center) and Mark Yen (right center) along with Pace Pitch Contest Director, Bruce Bachenheimer (far left) and Coordinator (far right).
