The Award includes a prize package of $20,000 worth of software and services that will help Hydrovolts measure and improve its sustainability efforts.
The Regional and National Sustainability Judging panels consisted of sustainability executives and thought leaders. They chose Hydrovolts first from amongst the nearly 300 original entries because of the company's commitment to all three areas of sustainability:
- Product--the sustainability of the turbine itself, as measured by its overall impact and end-user savings in carbon emissions, waste, water and chemicals.
- Process--the sustainability of the methods the company plans to use in its operations and in manufacturing the product, including impacts on the environment, mitigation approaches and quantitative process analysis.
- Pitch--the sustainability of the company's environmental and social efforts that uniquely create value for employees, customers, communities and other stakeholders. It includes transparency and disclosure, employment practices, investors, social equity and community responsibility.
show the turbine prototype during the morning exhibition.
Unlike any other business contest we know of, the CTO really digs down deep into the roots of sustainable performance. They provided tools and guides to examine almost every aspect of a business with a green lens, while constantly staying with proven management principles that startups need to succeed. The CTO sustainability training for entrepreneurs is gutsy, not gushy.Added Chris:
The educational value, caliber of coaching, and prescriptive instruction throughout the CTO far exceeded my expectations. The CTO has been instrumental in helping us build our skills, craft a better plan and create a stronger business. I heartily recommend the CTO to both aspiring and seasoned entrepreneurs.
Hydrovolts would like to congratulate the Grand Prize Winner, ecoFactor, and salute the other 10 finalist companies who competed at the Gala. All are exciting businesses with huge potential, and we are pleased to have made so many new friends amongst our fellow contestants, judges, mentors and others. The organizers and hundreds of volunteers of the CTO deserve recognition for their outstanding effort and the superb success in building the CTO from a California competition to a national one. They could use some help, too, for next year, so if you can, be a sponsor or volunteer, or make a donation.
Many people have helped Hydrovolts throughout the CTO process and without which winning this prestigious Award would not have been possible. We wish in particular to thank those that provided mentoring, feedback and ideas on the sustainability parts of the business: Joshua Skov, Itzel Orozco, and Kiran Jethwa. Thank you all!
CTO Press Release
UPDATE: fixed a broken link and some broken grammar...