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The winning team behind Foodwise uses data-driven insights to tackle the massive problem of restaurant food waste. 

In today's fast-paced restaurant industry, efficiency and sustainability are two of the most critical factors for success. Enter Foodwise Solutions Inc., an innovative restaurant management software designed to streamline kitchen operations, reduce food waste, and help restaurants minimize their environmental impact. Born out of the CU Sustainability Hackathon competition in 2023, what began as a week-long challenge to develop a sustainable business solution quickly evolved into the fully-fledged concept of Foodwise.

Colorado Inno—A Boulder food-tech startup walked away with a $100,000 check after winning the New Venture Challenge Final Showcase, a multi-event entrepreneurial competition. FoodWise won the grand prize after going head-to-head against four other finalists last month. The startup, co-founded by four CU undergraduates, is a software platform designed to help restaurants save money and reduce waste.

The 2024 New Venture Challenge (NVC) culminated in a final showcase on April 17 in front of a live audience cheering on the University of Colorado Boulder’s next big innovations. At an event filled with great ideas and even greater entrepreneurial spirit, five teams competed for $165,000 in prize money.

The New Venture Challenge (NVC) and Deming Center for Entrepreneurship teamed up to present the NVC Women Founders competition, awarding $10,000 to groundbreaking new ventures.

A team of students at the University of Colorado Boulder won $100,000 for a business idea that could eliminate food waste and boost profits for restaurants.