21 December 2010 – Social entrepreneurial company Barefoot Power has added yet another award to their growing list after being named Australia’s Coolest Company for their innovative LED products by digital business magazine AnthillOnline.com last week.
Anthill Magazine editor-in-chief James Tuckerman said the Cool Company Awards judges were wowed by how Barefoot Power’s simple concept made such a difference.
“The Coolest Company has demonstrated success by doing things differently or defying convention to bring about positive change,” Mr Tuckerman said.
“By replacing kerosene-fed lamps with its highly innovative and practical solar-powered LEDs, Barefoot Power [has provided] the poor with access to electricity and one very necessary tool for economic development… light.”
As well as providing cheap lighting, Barefoot Power’s LED products also reduce carbon emissions by eliminating the need to burn kerosene.
Barefoot Power co-founder Stewart Craine said the recognition the company has earned in 2010 at both a local and international level helpedlevel the playing field.
“Being the Coolest Company for 2010 shows a social enterprise like Barefoot Power can compete with mainstream companies, who are vying for the same funding opportunities. Awards like Anthill’s really levels the playing field for us,” Mr Craine said.
“These wins will help significantly with our current Series B round of equity capital raising. We are now looking for more investors, especially Australian investors, as most of our funding currently comes from overseas,” he added.
This win concludes a big year for Barefoot Power, which was one of two winners in the 2010 Consensus GreenTech Awards earlier this month, a winner in the G-20 SME Finance Challenge, one of two winners at the first CTI PFAN Africa Forum for Clean Energy Financing and a winner of three awards in the World Bank’s Lighting Africa program.
For more information visit www.barefootpower.com