Submitted by: Submitted by zohardayan
Views: 598
Words: 2742
Pages: 11
Category: Science and Technology
Date Submitted: 04/09/2010 11:55 PM
From Green Research To Green Business
Dr. Issac Berzin
TABLE OF CONTENTS
Company Introduction 3
Technology and Solutions 4
Road solution 5
Railway solution 6
Airport solution 6
Pedestrian solution 6
"Smart Roads" and "Smart Airports" 7
Tests and pilots 8
Business model and target market 9
Competitors 10
Critique 12
Ecological Footprint 12
Sustainability and Viability 13
Scalability 14
Our conclusion and forecast for the future 15
This paper will present Innowattech - an energy harvesting system. The paper will introduce the company, its technology and various solutions, its achievements, business plan and competitors. The paper will analyze Innowattech's solutions based on three main dimensions: ecological footprint, sustainability and viability, and scalability, and will present our own forecast for the company's future.
COMPANY INTRODUCTION
Innowattech has developed an alternative energy system that harvests mechanical energy from passing vehicles on roadways, trains on railways, aircrafts on runways and pedestrian traffic. Innowattech uses energy that ordinarily goes to waste and converts it into green electricity[1].
The company is privately held and was established in 2007, with a $3 million initial investment[2], by Chief Executive Officer and founder Prof. Haim Abramovich. Its research team is comprised of six scientists and technologists and it currently has 17 employees. The company is based in Ra’anana with research facilities in the Technion Institute, Haifa. The company has recently received approval from the Chief Scientist in the Ministry of industry trade and labor (TAMAT)[3].
Innowattech sees itself as a pioneer of parasitic energy harvesting and as the first company to demonstrate a green alternative for electricity production up to industrial size.
TECHNOLOGY AND SOLUTIONS
Innowattech presents a parasitic energy harvesting, where parasitic mechanical energy is harvested and...