I am very pleased to inform you that progress is moving forward even better than we expected. Two weeks ago we had our first meeting with the MSU Electrical Engineering team that will be designing the solar collectors for our system. They’re all a great bunch of guys, and very smart to boot. As they begin their research on the optimal design for creating modular collectors that can drive our engine and teams are being assembled to work on the rest of the system, we on the business side are very excited to announce that we will be launching a Kickstarter.com funding campaign VERY soon.
For those of you who have never heard of Kickstarter, let me tell you a little bit about this wonderful website. One of the biggest problems that innovators face when trying to develop a new idea or invention is… MONEY. The world we live in is quite an expensive place, and quite often the cost to prototype your new device, mobile application, software, etc. is a very pricey endeavor. Sadly, this prevents many technological advances from ever seeing the market place. And then, there was Kickstarter.com.
Kickstarter gives artists and innovators a place to post their projects or inventions for the purpose of raising monetary support. They tell the story of what they’re doing, the amount of money needed to complete their venture and how exactly the money they’re asking for will be used. After it’s posted, people who like the idea or product can then choose to “back” the project with any amount of money that they wish to contribute. The campaigns usually last from 30-60 days and if they’ve received enough support to meet the requested funding goal, the project organizer will receive the the pledged money. IF, however, the pledged support falls short of the funding goal, the project organizer does not receive ANY of the money. It’s an all or nothing kind of setup.
Thanks to Kickstarter, the marketplace has seen many excellent new products become available. You can visit Kickstarter.com and browse through the archive to see if you can find any products that you recognize and take a look at the kind of projects people post there.
So in the near future, the HydroICE Solar Project will be launching a funding campaign of it’s own! We’ll make sure to post an update here as soon as it’s live so that you can check it out and hopefully contribute. It’s your support that will allow us to test our engine and continue or work toward making this new technology available!