Fast Company, June 2009
By FC Expert Blogger Alice Korngold. Wed Jun 24, 2009
This blog is written by a member of our expert blogging community and expresses that expert's views alone.
Recently named TED Fellow Peter Hass, Founder and CEO of the Appropriate Infrastructure Development Group (AIDG) announced the winner of AIDG’s Haiti business plan competition.
“We are excited to invest in COOPEN, a new business enterprise in Cap Haitien that will sell biodigesters to the 1,500 members of COOPEN’s agricultural co-op. Families will benefit from this low cost fuel for heating, cooking, and waste management. COOPEN
will then buy back the effluent - the by-product of biogas production,
and vermicompost the effluent to produce a higher quality product that
they can sell on the agricultural market.”
AIDG
is providing COOPEN with its first grant and low interest loan, along
with business and engineering training and technical assistance at this
earliest and most challenging stage of COOPEN’s start-up. Haas
explains that “through business incubation, education, and outreach,
AIDG helps people get access to electricity, sanitation, and clean
water to better their health and improve their lives.”
AIDG incubates
small businesses in Haiti and Guatemala that adopt new technologies
developed at MIT, Stanford, and the University of Michigan. AIDG’s first successful investment was XelaTeco, established in Guatemala in 2005, and now providing electricity to families in their homes. In
addition to micro-hydroelectric products, XelaTeco produces
biodigesters, windmills, high efficiency stoves, pumps, water filters,
and solar LED lighting systems.
Following COOPEN’s recent win in Haiti, AIDG’s next business competition will be held in Guatemala.
Using
strong business models and renewable energy technologies, AIDG
effectively fights poverty through economic development and
environmental sustainability.
This article is available online at www.fastcompany.com/blog/alice-korngold/leading-companies-good/winner-haiti
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