Carleton Dufoe Courtesy photo

MANCHESTER – The New Hampshire Tech Alliance recently announced that Carleton Dufoe, founder and CEO of NewPower Worldwide is the recipient of the 2023 Entrepreneur of the Year Award. The award will be presented at the annual Innovation Summit on Oct. 17 at the Grappone Conference Center in Concord.

The summit will feature innovation and innovators from all over the state. This day-long conference brings together more than 200 technology executives, entrepreneurs, investors, legislators and industry partners to talk about the latest trends in technology, such as artificial intelligence and the challenges of being an entrepreneur in New Hampshire.

“The success and rapid growth NewPower has seen is a great testament to Carleton’s leadership and is a great success story for the state of New Hampshire” said Julie Demers, executive director of the New Hampshire Tech Alliance.

The Entrepreneur of the Year award was first given out in 1988. In the 35 years that have followed, this award has been presented to the brightest, most innovative individuals in New Hampshire’s technology industry. Applicants are judged on risk, innovation, growth, competition, profitability and employment.

With more than 20 years of experience in the electronics industry, including seven years in Singapore, Dufoe was able to identify imperfections in the global supply chain.

Harnessing his experience and extensive network, Dufoe envisioned a company that could leverage technology to revolutionize the way the world sources electronic components. From there, NewPower was born in 2014.

NewPower’s signature technology EMPOWER, a data-driven proprietary trading platform, rapidly analyzes vast amounts of data to help clients make better sourcing decisions. The ease of use and ability for customers to make quick, efficient decisions has allowed NewPower to blossom into a $2 billion company. It is now the fastest-growing independent distributor of electronic components and finished goods.

NewPower has plans for significant growth and expansion as this industry is just beginning to develop.

NewPower is dedicated to being an employer of choice. The company’s generous benefits package and commitment to giving back to the local community have helped them attract and retain the best global talent.