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 have successfully applied our technology through partnership to a pilot plant, which converts 20 tons of waste plastic to 12 tons of oil daily in Fuyang since December 2011. Next, we will establish our first commercial plant in the same area with four-fold capacity. We have been negotiating with local paper mills and construction companies, and already signed a letter of intent with Fuyang Xianglong paper mill and a construction contract with Zhejiang Industrial Equipment Installation Group Co., Ltd. We are also exploring opportunities in other cities for future expansion, such as Chengdu, where we have formed partnership with a local municipal waste collector; and Yancheng, where we have built strong relationship with local government.
Financial Sustainability: What is your business model to ensure financial sustainability?
We will build, own, and operate commercial plants in areas with stable waste plastic supply from waste management companies, industrial producers, and post-industrial producers, and sell our final oil products to fuel refineries and consumers. We will reduce risks by leveraging government support and pursuing partnerships with venture capitalists, EPC (engineering, procurement and construction) contractors, and waste plastic suppliers.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
I was a consultant to an Indonesian car products provider through MIT Global Entrepreneurship Lab; developed a modular baby carrier for urban public transportation; created commercialization strategy for a research project from MIT Lincoln Lab in partnership with Comcast Sports Group; developed a global growth strategy for an Argentine start-up; founded a social venture DevTech Hub in Israel to implement technologies to solve world problems.