Hook, Line and Sinker

I bit into this MIT $50K competition so hard and now I'm hooked beyond escape. The team I joined (Synergetic Power Systems) has an idea for a renewable energy source. We're entering not only the $50K competition (pshaw..., that's pocket change!), but we're also entering four (count them, 4) more competitions: Ignite Clean Energy, EPA P3, MIT IdeaStream and a WorldBank competition to top it off.

That means very little sleep especially when all executive summaries are due about the same time. But it's fun! I'm already learning so much (even though I'm not getting any credit for it). I'm finding out that the extracurricular activities here at MIT are sometimes worth more than the classes I'm taking.

For the $50K competition we'll be entering the Entrepreneurship for Devleopment Track which is new this year. This competition is focused on business plans targeting low-income communities in developed and developing countries. Ok, so here's our pitch...
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Over 2 billion people in emerging market economies are without access to electricity, heating, cooling and hot water. The United Nations Environment Programme predicts that global energy demand will double in the next 25 years, largely due to increased energy use in developing nations. In United States the usage of renewable energy is predicted to grow at a healthy rate of 11.3%.
Synergetic Power Systems aims to develop a modular, distributed, renewable energy system using a novel combination of solar thermal, biogas and micro-scaled thermodynamic technologies that can be can be configured to supply heat, electricity and cooling capabilities in varying proportions according to the needs of people in diverse places such as Africa, Asia and the United States. Using low-cost, widely available materials that can be locally manufactured or sourced, the system is designed to be easily constructed and maintained by distributors in both developed and developing world.
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Are you hooked?