Business helps restaurants reduce cooking oil-related costs
LOUISVILLE, Ky. (April 13, 2016) — The University of Louisville graduate entrepreneurship team KYchen took first place April 9, earning $10,000, in the graduate division of the Alltech Innovation Competition 2016 in Lexington. The UofL team was competing against three other Kentucky universities.
KYchen helps restaurants reduce cooking oil-related costs by more than 50 percent through a patent-protected oil filtration and transport device and related services.
KYchen is made up of three students pursuing MBA degrees in entrepreneurship who were advised by Suzanne Bergmeister, UofL’s Entrepreneur-in-Residence. The students are Tedd Pollard, Aaron Searcy and Sanjay Singh.
A UofL team also won the competition in 2014 with restaurant-related idea: Trifecta Cooking Equipment featured a patented deep fryer designed to save restaurants 40 percent of their annual cooking costs.
The Alltech Innovation Competition started in 2013. Competitions for 2013 and 2014 were held in Kentucky and Ireland. Last year, a competition was added in India.