Fentrend Start-Up Awarded Grant from NYUNovember 18th, 2016 by Editor
The Urban Future Competition, New York City’s hub for smart cities, smart grid and clean energy at New York University’s Tandon School of Engineering, has awarded a $25,000 grant to Fentrend, which is building what it calls the first intelligent marketplace for the door and window industry.
Fentrend received the grant after winning the Urban Future Competition staged by the Urban Future Lab at NYU Tandon (UFL) during Greentech Media’s Reforming the Energy Vision (REV) conference. The company will get exclusive mentor meetings with industry partners and sponsors, and it’ll also have the opportunity to pitch its business to potential funders at the REV Future 2016 conference.
“We are deeply humbled by the opportunity to join this thriving incubator at NYU Tandon,” said Andy Huh, co-founder and CEO of Fentrend. “We started this company with the goal of being a one-stop-shop for architects and builders wanting the most efficient windows and doors for their projects. Joining ACRE will allow us to build on our success in our beta market and provide opportunities to learn, grow, and thrive.”
Using data and proprietary digital tools, Fentrend says it’s working to replace the current laborious, haphazard sourcing processes with efficiency and transparency while opening a new, low-cost sales channel for suppliers. According to the company, its data and analytics platform recommends the best product for a project’s specifications and budget. Fentrend says it can lower costs to ensure that businesses select the right window for any project.
The Urban Future Competition was a pitching event that sought business solutions for global urban energy and sustainability challenges. Fentrend competed against two other finalists, CTY and Industrial/Organic, in the Smart Cities Category.