Nanoengineered cement beat out a handful of other technologies in this year's MIT Entrepreneurship Competition, earning its creators a $100,000 prize. C-Crete Technologies, which created a new type of cement that cuts down on carbon dioxide emissions and yet is stronger than any current cement, took home the top prize at the awards ceremony on MIT's campus in Cambridge, Massachusetts. A panel of judges composed of fellow entrepreneurs,
venture capitalists, and industry executives chose C-Crete as the winner based on the execution of its business plan and presentation.
"For many years, the world has been looking for simple, scalable solutions to reduce the global carbon footprint and limit its impact on the environment,"
, an MIT Sloan School of Management MBA graduate and one of C-Crete's founders, said in a statement. "We at C-Crete Technologies have developed a method for tackling this issue by targeting the production of cement, one of the most widely used materials on earth, while improving all of its core properties."