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 intend to create a functional prototype starting in January and then implement the compression system in Liberia next summer. We will be conducting further market research after concluding our design process to figure out the optimal distribution method for the canisters as well as the release model for the gas itself. Once we establish a functional model, we plan to move towards a system of microcredits, where we would be able to expand the technology to new market and farmers would be able to implement a new digester and compression system and start a business within their community to sell biogas in the same model. After we feel comfortable with the model implemented in Liberian communities, we plan to shift our focus to a new region.
Financial Sustainability: What is your business model to ensure financial sustainability?
In order to ensure financial sustainability, we will need to implement a robust distribution plan that will allow us to address the need of the community we are working with but also help us to meet our goals. We will additionally need to continue to perform surveying and market research to make sure that our product continues to exceed the work of our competitors and continues to improve with growing knowledge of the technology and communities.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
Our team has not previously worked on implementing any entrepreneurial initiatives, but we have several business students on our team and have resources with the Center for Entrepreneurship at the University of Michigan, who will help us to develop and implement our plan.