It was in May last year that Anna Stork and Andrea Sreshta, the founders of LuminAID Lab, a company that makes solar-powered lanterns, won first prize in Chicago Booth’s Social New Venture Challenge. Already the two have crossed off a number of big items on their start-up’s to-do list.
Land a partnership with a leading aid organisation? Done. Double the customer base and quadruple sales? Done. Score publicity from several national television news shows? Done.
“We’ve moved past the business plan competition phase,” says Ms Sreshta, 29, a second-year MBA student at Booth.
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