From the ONB Blog: New Brunswick Biotech Startup Helps Engineering Firms Make Better DecisionsBY JASON BOIES Jenny Keleher March 2, 2017
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WEnTech is a software-as-a-service (SaaS) company specializing in biomass and the waste-to-energy industry. The company’s software solution, WEnTech Smart Analysis System (W-SAS ™) provides engineering consultants with up-to-date information allowing for proactive decision making regarding waste-to-energy opportunities.
CEO Amir Akbari and CTO Farough Motasemi both immigrated to Canada from Iran. Their entrepreneurial journey began at the University of New Brunswick (UNB) in Fredericton, the country’s most entrepreneurial post-secondary institution.
ONB caught up with both men to discuss living in Canada, and launching a business from New Brunswick.
ONB: Where did the idea for WEnTech’s solution originate?
Farough: Our solution was created in response to an identified need we encountered during a municipal waste-to-energy consultation project. In that particular project, the municipality’s solid waste was dumped in a location outside the city for over 25 years, and there was potential for environmental and waste management issues as a result. The objective for the project was to identify a proper conversation technology and offer a viable business solution to remove waste material first, and then produce energy.
The preliminary assessment of the waste conversion technology systems took five months, and the subsequent financial evaluation was only conducted on a few of the identified technologies leading to an incomplete evaluation.
During this project we worked closely with a number of other consulting firms and found that they typically identified conversion technology systems they were aware of or had previous experience with. This identified a major problem in the preliminary assessment of the conversion technology selection process – a major problem that exists for all consulting engineering firms – their evaluations were all limited to a few technologies, increasing the risk of selecting a sub-optimal solution,and resulting in lost opportunities. In all cases, these assessments were also being done manually which increased assessment times and costs.
Amir: Back then we tried to find a solution for this problem and we couldn’t, so we decided to create one.
Click here to read the full interview with CEO Amir Akbari and CTO Farough Motasemi.