Tuesday, October 22, 2013

Supporting Great Ideas and Apps with Potential

Many a good idea is shot down at the starting line due to lack of available funds. What a pity. Not only to the failing entrepreneur, but to the global market. In a business culture where everything is moving and improving, it is important to identify the winners and support them from the beginning up through the final product. Appitalist is a company that supports those early ideas and helps them through to completion. 

Appitalist for Early Stage Investments

Appitalist is a company that helps entrepreneurs develop in their quest to create new and exciting apps. Through timely seed investments and access to the experienced mentors at Appitalist, entrepreneurs have a solid foundation on which they can develop their new apps and businesses, giving them the freedom to create. This is great news for app developers, as they can get seed investments of £100,000 up to £500,000 at the beginning, when they need it the most to get their ideas off the ground and into the development stage.

Identifying Great Potential

Appitalist has a knack for identifying the best projects and people to select for early stage investments. They take advantage of their full network of knowledgeable partners and their own experienced team to provide business savvy to entrepreneurs in early stage development. Investments at this stage of growth typically fall into the range of £1 million up to £5 million. This funding is vital for developers to take their new business to a higher level of growth.

Funding Successful Projects

Growth investments provided by Appitalist help fund applications that have shown a definite potential for market growth and are capable of capturing a sizeable portion of the market sector. Their investments of £5 million up to £25 million result in accelerating market growth on an international scale so that the new project becomes a market leader.

Sunday, October 13, 2013

New Technology for Harnessing the Sun

With the cost of fuel always on the rise, the interest in alternative renewable energies becomes more urgent. According to MIT Technology Review, a technology known as photovoltaics is being tested to see if it is adaptable to the solar energy industry. It works by using a large lens that focuses light directly onto a very small section of photovoltaic semiconductor material. Although this method saves a lot of money by using only a tiny segment of the semiconductor material, the concentrated light is extremely hot. The vast amount of heat generated by focused sunlight not only makes the chip too hot to function, but as the temperature of the chip goes up, its efficiency goes down. 

Too Hot to Touch

The only thing standing in the way of using photovotaics in producing energy efficient solar energy is the intense level of heat generated. IBM recognized this dilemma as being very similar to its quest to cool down computer chips. Using its long experience in cooling computer chips, IBM experimented with using the same system to cool the photovoltaic material, which involves transferring the heat from a photovoltaic cell to a water-cooled heat sink. That method did not prove effective because there was not enough surface area between the two surfaces. 

Liquid Metal as a Solution
A new solution that works better is putting a very thin layer of liquid metal between both surfaces. The metal has an extremely high degree of thermal conductivity and due to its liquidity, it can be as thin as 10 micrometers. The team experimenting with this method has been able to focus what amounts to 2,300 times the natural energy of the sun onto one centimeter worth of chip. The natural temperature would be more than 1,500°C and would vanish into thin air, but by using the water and liquid metal cooling system, the photovoltaic material remains a cool 85°C.

Although the new technology is not in place yet, the search is on for a company that can create the concentrated photovoltaic system. When the technology is in place, it is sure to bring down the price of creating solar energy and make it more cost effective as an alternative energy source.

Wednesday, October 2, 2013

Getting Ideas Off the Ground with Crowdfunding

Entrepreneurs looking to get high tech startups off the ground are finding a work-around to expensive bank funding or venture capital. Online crowdfunding opens the way for viable projects to get the initial monies needed to help cover startup costs and development. If you have a good idea, you can make a video and launch a global crowdsourcing campaign. According to the platform, you will need to set up a funding target as well as a deadline. If you get the funding in that period of time, the money is yours, minus a commission.

What does the donor get? Besides the excitement of funding a fantastic product that will turn the world upside down, you can offer various awards. It could be a tee shirt with you product name, a copy of the product when it is launched or a chance to sit in on board meetings of the company. So along with giving money, donors actually get something tangible in return.

Crowdfunding Platforms

Kickstarter is one crowdfunding platform that has helped 4.9 million people earn funding of $790 million since it’s inception in 2009. In line with its criteria for accepting projects, participants must be creative and their acceptance must lead to a concrete result, such as a product or a film. The service is strictly for entrepreneurs to fund projects and rules out anyone who wants to raise money for personal use.

Indiegogo is another crowdfunding company that helps people or organizations with good ideas get noticed. When you prove to a community of donors that you have a product worth investing in, larger investors and venture capital firms take notice. While the amounts donated may be small, the big thing to note is that it empowers entrepreneurs to turn concepts into viable products. 

Whether it’s a hockey stick sensor that calculates speeds or a new documentary film, crowdfunding donors enjoy take a small risk to join the development process.