Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?
We are working with a large restaurant group in New York as our pilot partner who is very willing to share data with us and help refine our software platform. At the end of the pilot, if successful, we will publicize the results. Our team has several years of experience in the restaurant, software, and waste management industries to help make this a success.
Once we complete our pilots, we plan to scale our activities by reaching out and partnering with industry associations and initiatives that have a mutual interest such as the National Restaurant Association, The Food Waste Reduction Alliance, The Food Marketing Institute, the Grocery Manufacturers Association, etc.
Financial Sustainability: What is your business model to ensure financial sustainability?
We have four potential revenue streams: 1) Monthly software licensing & technical support fee for restaurants. Fees for premium features such as reporting & advanced analysis. 2) Data access license fee for municipalities, clean tech companies, consultancies, and industry associations interested in waste stream data 3) Per transaction tax deduction estimate fee for food donations
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
At the University of California, San Diego, I was part of a team that raised $100,000 to fund the future purchase of a waste to fertilizer system (anaerobic digester). My experience with this validated my ability to raise funding and provided me with domain expertise in waste management and sustainability.