For each selection, please explain the financial and non-financial support from each
ECORE Ventures, Inc. is a for-profit US corporation that functions as a social enterprise. ECORE focuses on modeling triple-bottom line solutions for low to zero energy modular dwellings. Our initial phase of development will be within US serving domestic markets.
CUSTOMERS: Financing will come from pre-sales to customers that seek to live in neighborhoods that are market-feasible and demonstrate high potential benefits from integrated renewable technologies.
BUSINESSES: Traditional finance from lending institutions, such as corporate banks and community banks, with a successful history in financing multi-family duplexes and townhomes.
We will seek in-kind contributions from ECoRe’s existing technology partners who to demonstrate their technology (solar, vertical-axis wind, energy storage) in our novel Passive, modular design.
Additionally, real estate developers with access to working capital and experience with, and an affinity for, capital efficient, sustainable dwellings will be an initial source of finance. We currently have funding for land purchase and construction for the demonstration model.
NATIONAL GOVERNMENT: Our design is compatible with specifications required by HUD and other national government agencies for incorporation into rural and tribal communities helping to bring both innovation and energy-efficient design to communities that traditionally are not exposed to these designs.
OTHER: Support from Advisory Neighborhood Commissions, or similar entities, will be sought to garner community support and structure zoning appropr
How do you plan to grow and/or diversify your base of support in the next three years?
The next development phase will focus on markets outside the US to supply international demand ECORE’s customized solution for different climate zones and geographical conditions. Our flexible design satisfies the diverse needs of communities of various sizes, with and can be adapted to tribal and rural needs such as a higher degree of “energy poverty” and expensive existing grid dependencies.
FOUNDATIONS: We will apply for grants to finance the manufacture, transportation, and development of ECORE dwellings that specifically focus on sustainable development in regions of the world that face difficult climate living conditions, or are in the rebuilding phase from a tragic national disaster. We will also partner with foundations that seek to increase residential housing construction building capacity
and improve regional economic development in international markets.
OTHER: We will partner with international development banks and other donors after our successful proof of concept and deployment in the US and select international markets. We will continue to grow and decrease fabrication costs through capital reinvestment of initial earnings from private sales.
We will partner with federal agencies in the construction of rapidly deployable housing for customers like the US DoS, DoD, and USAID in select regions of interest.
Universities and other academic research partners will support the project with research and dissemination of the cost-effectiveness of our designs, and the associated positive externalities, especially in real estate economics.