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Innovative mushroom farming in Vietnam wins the day at University of Washington social entrepreneurship competition


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-- WITH PHOTO -- TO EDUCATION, AND NATIONAL EDITORS:

Innovative mushroom farming in Vietnam wins the day at University of

Washington social entrepreneurship competition

SEATTLE, March 3, 2014 /PRNewswire-USNewswire/ -- Fargreen, a social

enterprise using technology to convert rice straw waste into a product

that can be used for mushroom farming, edged out five other finalist

teams to win the grand prize of $12,500 at the University of

Washington's Global Social Entrepreneurship Competition, held last

week in Seattle.

The grand prize, sponsored by Microsoft and the Seattle International

Foundation, was presented by James Rooney, Senior Manager at

Microsoft's Technology for Good program. Rooney credited Fargreen

co-founders Trang Tran and Tanmay Milind Telang, both MBA students at

Colorado State University, with "combining a great idea with a solid

business plan."

The business model presented by Tran and Telang would reduce

greenhouse gases produced by the burning of rice straw waste - 20

million tons annually according to the team - while creating an

opportunity for farmers to diversify their crop yields and gain

additional income by growing and selling mushrooms.

"We plan to use the prize money to build our first mushroom facilities

for ten farmers who already signed up to be in our network," said

Tran. "The construction and production will happen this summer."

Fargreen was one of 20 teams selected from a pool of 160 submissions

to attend the 10th year of the competition hosted by the Global

Business Center at the University of Washington's Foster School of

Business. Since its inception, students from 63 countries have

submitted proposals for sustainable business solutions to problems of

poverty.

The second place team, Bhitti, was made up of students from the

University of Dhaka. Bhitti utilizes sugarcane bagasse, an

agricultural by-product, to manufacture environmentally friendly,

affordable and sustainable materials for construction. Winners of

this year's $10,000 Global Health Prize, presented by the University

of Washington's Department of Global Health, was AYUDA Ready-to-Eat

Food Bar, a team from Ateneo de Manila University producing a

nutrition-dense food bar intended for victims of natural disasters.

For more information about the Global Social Entrepreneurship

Competition and the Foster School of Business, visit

foster.washington.edu.

Photo - http://photos.prnewswire.com/prnh/20140303/DC75829-a Photo -

http://photos.prnewswire.com/prnh/20140303/DC75829-b

SOURCE The University of Washington'sMichael G. Foster School of

Business

-0- 03/03/2014

/CONTACT: Andrew Krueger, 206.543.1806, krueger6@uw.edu

/Photo: http://photos.prnewswire.com/prnh/20140303/DC75829-a

http://photos.prnewswire.com/prnh/20140303/DC75829-b

PRN Photo Desk, photodesk@prnewswire.com

CO: The University of Washington's Michael G. Foster School of Business

ST: Washington

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PRN

-- DC75829 --

0000 03/03/2014 22:25:00 EDT http://www.prnewswire.com

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