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

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

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

ELIJAH LIVICTOR MATEAS

HODA RIFAIROMAN STOLPERTHEA ZIMNICKI

Green Dot TechnologiesGreen Dot Technologies

Page 2: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

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

Page 3: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

Regular FridgeFridge with our add-on

Airtight Rubber Seal

Holes for Internal Air Circulation

Empty Fridge

Temperature Indicator

LabelInventory

Mechanism

Insulated Dividers with Rubber Lip

Breathable Material

Light Indicator

Battery

Temperature Sensor

Colored Indicator

Up = emptyDown = full

Spring

Page 4: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies
Page 5: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

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

Page 6: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

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

Page 7: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

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

DevelopinDeveloping Worldg World

Developed Developed World World

Health CareHealth Care

General In General In Home UseHome Use

Page 8: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

December 2008

January 2009

AprilMarchFebruary May June

Initial Business

Plan

Submit Business Plan for GSVC

Finals

Submit GSVC

Executive Summary

GSVC Regional Semifinal

s

Design IdeaPrototype

Plans

Evaluative Experiment

s

SolidWorks Modeling of Thermal Efficiency

Build Prototype I

RESEARCH: NGO Supported Surveys of Healthcare Centers

Find MBA Student Partner

Network with NGOs to investigate future expansion

of Pilot

Purchase Parts

Refine Design

Proof of Principle

Tests

Build functiona

l prototyp

e

Page 9: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

2009 2010

Partner with Refrigeration Company

Sales in Home Market

Expand NGO Network

Marketing and Sales in Healthcare Market

Develop Product for

Healthcare Market

Develop Custom Order Manufacture

Develop Acceptable

Lock Mechanism

20122011

Continuous Quality Assurance and Development

Partner with NGO for Pilot Study

Pilot Study in Developing World:

Uganda

Develop Product for

General Use

2013 2014

Market to all Developing World and NGOs

Refine for Saleable Model

Seek Policy Reform for Low Energy Technology

Page 10: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

COSTSCOSTS REVENUEREVENUE

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!

Page 11: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

Green Dot TechnologiesGreen Dot Technologies

MotivationMotivation Keeping pharmaceuticals viable in the developing world with green

technology

BusinessBusiness Strategic partnershipExpanding marketEnvironmental Policy

TechnologyTechnology Optimized energy efficiencyReduced loss of coolingMinimized possibility of errorExtended life for pharmaceuticals

Page 12: ELIJAH LI VICTOR MATEAS HODA RIFAI ROMAN STOLPER THEA ZIMNICKI Green Dot Technologies

Acknowledgements

Columbia UniversityBiomedical Engineering Department

Dr. Sam SiaDr. Elizabeth Hillman

Keith YeagerSchool of Engineering and Applied Science

EWB: India GroupEWB: Uganda Group

PfizerRon Guido

Alan McEmber