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    Date submitted
  • 01-Sep-2017

red bucket wind turbine

Abstract

Our business is to create low-cost wind turbines to help the poor with electricity. The aim of this business is to encourage self-realization model of wind power, renewable energy utilization in everyday life. The business also contributes to the awareness of the benefits of wind energy use to the poor community. Not only the rich but also the poor can reach renewable energy with very low cost. Our main business model is to be a vendor for CSR programs of Corporations, Social foundations and NGOs/NPOs to provide electricity in remote areas. We provide them the materials and services to install the equipment and workshops for maintenance.

Later part, for each household, we will provide no-fee for installment per wind turbines for the poor and implement a monthly subscription fee (USD 2) for maintenance and real-time support.

Video

Original YouTube URL: Open

Introduction Video

Photos

Additional Questions

Who is your customer?

Our primary customer is CSR programs of big corporations, non-profit organizations and social foundations that have funding to support the poor. We make a project/campaign to utilize their fund to create wind turbines that generating a minimum amount of electricity to the poor in remote areas. The poor can use the product without any initial installment fee, and they only pay a minimal monthly fee for the maintenance services.

What problem does this idea/product solve or what market need does it serve?

Our project is to create low-cost wind turbines to help the poor with electricity. The aim of this project is to encourage self-realization model of wind power, renewable energy utilization in everyday life. The project also contributes to the awareness of the benefits of wind energy use to the poor community. Not only the rich but also the poor can reach renewable energy with very low cost.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

There are no wind turbine systems made in Vietnam in Vietnamese market but it is necessary to use renewable energy with low cost for less depending on fossil fuel energy and for a better environment, therefore the idea will generate new needs and a new market for Vietnam. Our system has an advantage in low cost, high efficiency, using local materials, working in low wind speed, easy to install (self-installment as IKEA furniture) and low maintenance.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

I will develop this idea from successful project “Wind Power for the Poor in Red River Side of Hanoi”: to apply wind turbines for poor households in Red River in Hanoi. My team also have experience in designing small scale wind turbine system. There are no professional companies focusing on small scale wind turbine system in Vietnam. My company, therefore, have a big advantage which it is the first company in Vietnam developing the small wind turbine products with low cost and high efficiency.