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Green Dot Technologies

Green Dot Technologies. ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI. Design Problem and Brief. Pharmaceutical Storage Problems in Developing Countries: Vaccine spoilage often occurs at vaccine provider’s site Unreliable power grids

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Green Dot Technologies

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  1. Green Dot Technologies ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI

  2. Design Problem and Brief • Pharmaceutical Storage Problems in Developing Countries: • Vaccine spoilage often occurs at vaccine provider’s site • Unreliable power grids • Untrained and overworked healthcare workers • Administration of spoiled vaccines = LOSS OF LIFE AND LIMITED RESOURCES • We will design a refrigerator accessory which will: • Minimize cold loss during refrigerator usage • Minimize power consumption • Inform against administration of spoiled pharmaceuticals • Simplify inventory system

  3. Chosen Idea Spring Insulated Dividers with Rubber Lip Light Indicator Temperature Indicator Airtight Rubber Seal Fridge with our add-on Regular Fridge Empty Fridge Temperature Sensor Breathable Material Holes for Internal Air Circulation Battery Inventory Mechanism Label Colored Indicator Up = empty Down = full

  4. Prototype

  5. Company Overview • Product is a refrigerator accessory • Increase time span of acceptable temperature range • Reduces human error in administration and storage • 10%-30% more energy efficient • Competition • Energy efficient fridges could compete • Potential business partners! • Will take 12 months to develop • Pilot study to obtain data on developing country needs and refine design based on feedback • Locking mechanism to prevent dispensing of spoiled drugs

  6. Business Model • Partner with Company that Already Supplies Developing World with Refrigerators • Customize our product to theirs • Tap into existing manufacturing ability • Market to existing clientele as a package or upgrade • Expand Market to all Healthcare Providers • Highlight energy efficiency • Solve existing issues with dispensing and monitoring • Create Models Marketed as Green Technology • Redesign for specific needs of home users

  7. Market Opportunity • Developing Countries: • NGO’s involved with vaccine and healthcare programs • Expanded Market: • Refrigerator accessory marketed to developed world health clinics and pharmacies • Future products designed for home users • Lobby policy makers to lower energy standard which would effectively require use of our product or similarly energy efficient systems Developing World Developed World Health Care General In Home Use

  8. Short-Term Development Plan Find MBA Student Partner Network with NGOs to investigate future expansion of Pilot Initial Business Plan Submit GSVC Executive Summary GSVC Regional Semifinals Submit Business Plan for GSVC Finals December 2008 January 2009 February March April May June Design Idea Prototype Plans Proof of Principle Tests Build Prototype I Evaluative Experiments Build functional prototype Purchase Parts SolidWorks Modeling of Thermal Efficiency Refine Design RESEARCH: NGO Supported Surveys of Healthcare Centers

  9. Long-term Development Plan Partner with NGO for Pilot Study Market to all Developing World and NGOs Marketing and Sales in Healthcare Market Partner with Refrigeration Company Expand NGO Network Seek Policy Reform for Low Energy Technology Sales in Home Market 2009 2010 2011 2012 2013 2014 Develop Acceptable Lock Mechanism Refine for Saleable Model Develop Product for Healthcare Market Develop Custom Order Manufacture Pilot Study in Developing World: Uganda Develop Product for General Use Continuous Quality Assurance and Development

  10. Finances COSTS REVENUE • Development • Free labor until profitable • Prototype • $400 including fridge • Pilot Study • Internship program • Manufacture • Outsource to partner • Advertisement • Networking and partnership • Developing World • $300-400 with fridge • Break even • Expansion I: Healthcare • High Tech versions costing $2000-3000+ • Expansion II: Home Use • $200-500 each as accessory • $1,000+ as full fridge • $6.3 billion market in US • Large and expanding market!

  11. Green Dot Technologies MotivationKeeping pharmaceuticals viable in the developing world with green technology Business Strategic partnership Expanding market Environmental Policy TechnologyOptimized energy efficiency Reduced loss of cooling Minimized possibility of error Extended life for pharmaceuticals

  12. Acknowledgements Columbia University Biomedical Engineering Department Dr. Sam Sia Dr. Elizabeth Hillman Keith Yeager School of Engineering and Applied Science EWB: India Group EWB: Uganda Group Pfizer Ron Guido Alan McEmber

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