3 ms·

$100k? Most SV engineers could self-fund that. Why not make it $1m+?

• s1artibartfast 4y ago
  Because it is a school project and not subject to any realistic assessment of commercial viability or innovation.
  • noisy_boy 4y ago
    > The winner of this year’s MIT $100K Entrepreneurship Competition is commercializing a new water desalination technology. > The company has already developed a small prototype that produces clean drinking water. With its winnings, Nona will build more prototypes to give to early customers. > The company plans to sell its first units to sailors before moving into the emergency preparedness space in the U.S., which it estimates to be a $5 billion industry. From there, it hopes to scale globally to help with disaster relief. The technology could also possibly be used for hydrogen production, oil and gas separation, and more. I think it is a bit beyond just being a school project (and I sincerely wish them all the best).
    • s1artibartfast 4y ago
      Just about every engineering school has one of these. They put together a poster and business plan that said what they want to do.