TM The Clear Path to Sustainability Innovation Fund Interview Pitch Case Instructions : • Please review this slide deck from an actual IF pitch for your Spring 2013 IF Interview • You may research whatever you would like on the company but focus on the material in this deck • Be prepared to explain in your interview whether you (as an Innovation Fund investor) would or would not fund this company • You will have around 5-10 minutes to justify your decision • In a normal situation this would be presented to you. If things are unclear from the deck, just do your
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Transcript
TM
The Clear Path to Sustainability
Innovation Fund Interview Pitch Case
Instructions:• Please review this slide deck from an actual IF pitch for your Spring
2013 IF Interview• You may research whatever you would like on the company but focus
on the material in this deck• Be prepared to explain in your interview whether you (as an
Innovation Fund investor) would or would not fund this company• You will have around 5-10 minutes to justify your decision• In a normal situation this would be presented to you. If things are
unclear from the deck, just do your best! You will never have complete information…
THE PROBLEM
In the US, 70% of all electricity is consumed by buildings.
CURRENT SOLUTIONS
OUR SOLUTIONInvisergy has developed a transparent, electricity generating device that can be installed with or applied to any transparent surface.
Invisergy’s proprietary process involves applying a very inexpensive dye to the surface of the window. This dye redirects light to the edges of the window where it is harnessed by photovoltaic cells.
HOW DOES IT WORK?
1.
2.
3.
1. Each window collects incident sunlight via the luminescent dye.
2. The sunlight then travels to the edges of the window where it is converted into electricity via photovoltaic cells.
3. The electricity is then sent to a central inverter which connects all the windows to the grid.
How Energy is Generated
Invisergy’s manufacturing process is truly innovative:
• Orders of magnitude reduction in cost
• 3x increase in efficiency
• Allows for the use of inexpensive dyes
• Maintains standard window installation costs
WHAT IS INNOVATIVE?
The Transformative Power of Our Product – Willis Tower Case Study:
Suppose a client installs Invisergy’s PVGU on the windows of the Willis Tower (formerly Sears Tower) in Chicago, U.S.A.
Approximately 15,000 windows installed.
Overall Efficiency of System: 3% Energy Generation: 500 kW = 2.3 acre solar farm! Cost Per Watt = $3/W Pay-back Period = Less than 5 years
OUR TEAM (PENN-MIT)Business Development (Wharton/SEAS)
NAME 3 Penn M&T 14’ CBE & FNCE/MGMT
NAME 4 Penn M&T 13’ MSE & FNCE
Technical Development (MIT)
NAME 1 Penn M&T 09’, MSE & FNCE
Masters in Physics from UK
PhD 1st yr MIT
NAME 2 PhD 3rd yr MIT
Chemistry and Chemical Engineering
Advisory Board (Wharton/SEAS) NAEM 5 has more than 20 years of experience developing business strategies
for emerging companies as well as Fortune 500 clients. NAME 6 has focused his entire career around starting and building emerging
growth technology businesses. He is currently CEO of AgileSwitch, LLC.
$400 - Luminescent Lumogen dyes from BASF$100 – Solvent for assembly$100 – Glass to use in 4th generation prototype$100 – Wires for assembly $100 – Epoxy for assembly$200 - CIGS solar cells for the 4th generation prototype------= $1000
USE OF IF FUNDS:
FOR DEVELOPMENT OF INVISERGY’S 4TH GENERATION PROTOTYPE
Critical for Invisergy to develop a 4th generation prototype for upcoming competitions, like MIT’s 100K, and for us to begin to gather more accurate data to assess system performance.