Business

Starlight Stove Project was really the first project that came turn up of the global innovation center. So wed done Envirofit and we were looking for another(prenominal) technologies and what we looked for are these, what we call environmentally friendly technologies but we as well looked for technologies that can pay for themselves. So theres some fairly speedy pay back period and creating an economic value as well as the environmental value and indeed we as well look at what are the social benefits that we can farm value for. Then the trick of an entrepreneur is to because prefigure out how you can monetize those values and kind of arbitrage financing sources so that you can kind of word, okay well, were producing a health benefit but the government doesnt have all money to pay for that, where else can we potentially come up with a way to do that or our customers dont have approximately enough money to buy this product if they had to pay for it up front but how can we use micro-finance approaches to allow them. And so one of the things we do for instance is Starlight Stove. We never talk just virtually how about how much the stove cost, so were going to say its about 10 cents a day which is what the cost would to be our customer and thats the ... thats why we tried to really think about it and Starlight Stoves ... started that project.



The technology was originally designed by some of our design students, they came in and talked to our agate line student class, our entrepreneurship class of mostly juniors and seniors and then they took that project on and developed it over a two-course taking over and they started competing a year ago in some business plan competitions which helped kind of hone their pitch and they started getting a better understanding of kind of the journey that they faced and then last spring, they applied for E-Team funding and were fortunate to get that and then after a lot of pre-work, they developed a pattern and worked with a company in India to make several prototypes, then...If you regard to get a full essay, order it on our website: Ordercustompaper.com



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