Colorado Springs company named Most Promising Social Entrepreneur

A Colorado Springs-based company, Paradigm Project, which builds the supply chain of energy-efficient products, has been named the Most Promising Social Entrepreneur by Bloomberg Businessweek and its readers.

Last month the magazine named 25 top most promising social entrepreneurs then asked readers to vote. More than 7,500 readers cast their vote.

Their No. 1 pick: The Paradigm Project, which sells clean-burning wood or charcoal cookstoves in Kenya and Guatemala, received the most votes, 15.8 percent. Co-founder Gregory Spencer says the Colorado Springs company hopes to sell 5 million by 2020. U.N.-sanctioned auditors document how much emissions the stoves save; Paradigm sells the carbon offsets the auditors award it.

Read more about the company at CSBJ.