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Alumni Weekend 2011

MIT Sloan students win MIT $100K Elevator Pitch Contest

MIT $100K

Green Logistics, creator of a collapsible air freight crate, won the fourth annual MIT Elevator Pitch Contest, held October 27 by the MIT $100K Entrepreneurship Competition.

Pitching for Green Logistics, which took home the $5,000 grand prize, was MIT Sloan Student Anand Dass, MBA ’12.

“Five billion dollars in jet fuel is spent every year, shipping empty containers around the world,” Dass said in his pitch. “Our invention solves a real problem and will help reduce this expense by 85 percent.”

The aspiring startup Supply Change, pitched by Shayna Harris, MBA ’11, was awarded the $2,000 Runner-up and the $1,000 Audience Choice award. Supply Change seeks to increase food supply chain efficiencies in developing countries.

More than 300 teams competed in this year’s Elevator Pitch contest, representing 23 colleges across the Northeast. The finals were held in front of a live audience on the MIT campus.

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