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?
Product perspective, we will increase the wind turbine rated capacity every year until we can fully develop the MW level. With Industry and Academic (Adamson University) collaboration, we can fast phase the development of the technology in lean way. We will ascertain local manufacturing firm to fabricate the technology. We will increase the capacity to reach and expand new markets such as to license the technology. We will leverage partnership from multinational firm like IBM or GE for example so we are able to push the technology to the global market.
Financial Sustainability: What is your business model to ensure financial sustainability?
Our primary business model is direct sales where customers can purchase the whole turbine either through installments or lump-sum payment. With an estimated selling price of 375K USD, customers can save around 35K to 60K USD/yr. For the financial forecasts, with a rated capacity of 50 KW and annual energy payback of atleast 244,000 KWH, with a conservative assumption of selling just one turbine per, we can be be profitable in year 3.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
As a scholar, I had proposed technology that gained interest from industry experts of multinational company and made connections from top level executives. I had secured funding to my startup, before even graduating in my undergrad degree. I am continuously learning, innovating with passion in business, science and technology. With dreams and values for excellence, to make difference and create impact to the society, aims to change the world.