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Business start-up

5

WindAid - The Power of Progress

WindAid is a Peruvian based manufacturer of wind generator systems delivering from 500W to 25,000W (25kw) of electricity.

  • IMG_3638.JPG

    IMG_3638.JPG -

    WindAid 2000XF installed for the German Democratic School in Paranshique, Peru

WindAid aero generators save money and reduce fuel consumption by replacing fossil fuel generators, which now have annual import revenues of over $250 million in South America, installed in areas where the electrical grid is unavailable or unreliable. In the majority of coastal and mountain regions of Peru consistent wind resources are available to power a wind generator, either eliminating or drastically reducing the unending fuel consumption.

Facts

Legal status business
Formally registered
Year of establishment

2009

Sales (US$)
Two years ago:
Last year:
This year (forecast): 17,220
Year 2 (forecast): 545,300
Year 3 (forecast): 6,237,945
Net profit after tax (US$)
Two years ago:
Last year:
This year (forecast): -25610
Year 2 (forecast): -128678
Year 3 (forecast): 898,833
Total number of Employees
Two years ago:
Last year:
This year (forecast): 4
Year 2 (forecast): 17
Year 3 (forecast): 22

Finance needed

Finance needed for fixed assets (buying of machines, buildings, ...) 172,000
Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) 428,000
Total finance needed (US$) 600,000

How do you expect this to be financed? Please note: the total amount mentioned here should be equal to the total finance needed at the previous question.

Own Contribution in cash 0
Loans (debt) 0
Shares in your company that you offer to investors (equity) 600,000
Other sources 0
Total finance needed (US$) 600,000

The Business

What is your product/service?

The WindAid products are wind generator systems designed for off grid installation in coastal and mountain areas. Our unique wind generator utilizes patentable technology in the blade design and generator. The result is an extremely reliable highly efficient wind generator to replace traditional fossile fuel generators and their endless fuel consumption. Made in Peru, using local resources and labor, our sale price is half of competing imports.

What customer need/problem do your products/services satisfy?

The Peruvian economy has grown faster than infrastructure, leaving many businesses and individuals on land with out connection to the electric grid. WindAid provides an affordable reliable energy solution.

How will you make the product/service?

WindAid has constructed and installed several beta units. The product is made by constructing carbon fiber blades, composit resin armatures and stators, mounted on a steel frame. These units are made using molds that we have created. By early 2010 our manufacturing costs will drop significantly as we implement modern manufacturing equipment and processes. In 2010 we will expand our manufacturing to include two larger models with our 2000XF.

Explain how you will sell your product/service (marketing strategy) and how you will reach your customers (distribution strategy)?

Every installed wind generator, on a 9m tower, has our logo and website on the one meter tail.

We will enter the market through strategic installations in the industries we plan to penetrate.

We will also partner with Enerjet (or a competitor) with our display models displayed in their battery distributors with supporting marketing materials. WindAid energy system battery banks of 2 to 24 batteries add to the sales of our strategic partner.

To whom are you selling, what is your market?

Industries with remote operations:

  • Poultry/Chicken Industry - Always Remotely located Evening lighting keeps the chickens eating, increasing output)
  • Marine Industry, such as scallop farms, are remotely located in high wind coastal areas
  • Mining Industry remote locations in high wind mountain areas (ie. Cajamarca)
  • Rural Electrication Initiatives
  • Private households (over 20,000 use fossil fuel generators)

Plus other selected industries.

Describe your competitors?

No wind generators are commercially manufactured in Peru:

A list of competitors.

Bergey XL 1-24 $5.10 1000 $5,100
Samrey Merlin $6.20 1150 $7,132
Swift Rooftop $7.48 1500 $11,218
Skystream 3.7 $7.61 1800 $13,702

--->WindAid 2k $2.45 2000 $4,900

Proven 2.5kw $10.90 2500 $27,244
Iskra R9000 $8.49 5000 $42,469
Eoltec Scirocco $5.34 6000 $32,052

What makes your business different/better than your competitors (competitive advantage)?

• Patentable design for blade and dynamo
• Insight into the dynamics of the market
• Using local labor and local materials when available
• Price point far below competitors with a robust product.

What makes your business, your product or service innovative?

Our innovative system design is expandable to produce up to 25,000 watts (50,000 peak) by allowing multiple generators, batteries, and inverters to sychronize and work in unity to provide a single output. Traditional designs would require replacement of the electronics each time the client wanted more peak power.

Other Innovative Features:

Cogless brushless maintenance free dynamo with composite magnetic core.
Steel cored Carbon fiber blades.

How will you ensure the growth of your business?

WindAid is focused on building a team of hard working talented individuals to keep the business focused on our most productive and profitable industries. Being the first to market with patentable improvements with give us a hand up on competition. By maintaining our philosophy of high quality durable products, our reputation will help us win new clients. The pride new owners feel contributes to word of mouth will help fuel our growth.

The Entrepreneur & Management

Describe the entrepreneur & management

K. Michael VerKamp (US) - 20 years of business building, personnel management, and marketing experience. U.S. Patent. 3 years in Peru

César Fernando Pinedo (Peru) Mechanical Engineer. Built a wind generator as thesis at UPN. 3D modeling, seven years of resin composite construction experience.

James Low (UK) - Masters in Engineering
Herwig Kolar (Austria) - Engineering for Ecological Energy Technology
John Meany (Ireland) - Business Development

What specifically makes you and (if relevant) your management team most qualified to build this business?

Around the leadership of our founder, our management team consists of international advisors from 8 different countries that have committed their time and expertise to further the success of WindAid's future. Having brought together the resource of their combined experience and expertise in Peru, they have put WindAid on the fast track to success, and will keep us aware of the latest international technology so we may quickly adapt and grow.

How much time do/will you expect to spend per week in the business?

This is a full time business. It seems during start-up, every waking hour is in some way related to the business, other than important family time and recreational breaks. 60+ hours of dedicated time per week.

Development

How does your business improve the local living standards (social and environmental)?

WindAid energy systems reduce pollution significantly. Eliminating one fossil fuel generator that operates 12 hours a day can save 22,000kg of Carbon, and provide an annual savings of $6,450 a year. This results also in more cash flow for the client to grow, and therefor more jobs.

One of the first WindAid wind generators was installed for a remote rural school in Paranshique, Perú (alt: 3400m) to providing energy for computers, A/V equipment

5 comments

our introduction.

could you please inform us on the prices for your rproducts and send us more detailed information and litterature on your windvanes.
we are a consultancy services frim based in the republic of cameroon, africa and would like to intrude your product to many potential buyers here.
rgds
BOMA DONATUS.

8 Jan 10, 17:36 boma don, 8 Jan 10, 17:36

SWFI.

Please check out the Sovereign Wealth Fund Initiative as an option for accessing investment funding the website is:
www.swfinitiative.org, should you have interest in exploiting this funding option; please revert to me ASAP.

JB.
info(at)iifg-eu.net

22 July 10, 16:27 'James Borgensen' - DISABLED SPAMMER, 22 July 10, 16:27

funding contact

A need for an investor for funding/investment in your country
Please contact me for further details:
jonmaguire.9090@gmail.com
Jon Maguire

26 July 10, 18:02 Jon Maguire - - DISABLED SPAMMER, 26 July 10, 18:02

Do you need an Investor?

Hello Customer,

We Offer finances for Business Start Ups or for financing a project.
We are Angel Investor that can help you with business finances.

If Interested in a loan or Investor, Contact us today via mail more inquiries.

Email: angelinvestor002@gmail.com

Thanks.

4 Aug 10, 19:56 Angel Investor, 4 Aug 10, 19:56

funding Available

We provides specialist finance solutions to large corporate, institutional and mid-sized companies such as: trade finance, treasury services, diverse asset finance, global cash and liquidity management, acquisition and mezzanine finance, syndication and structured finance.
We offer the following products and services:

  • Commercial Finance
  • Hard Money Loans
  • Advisory Services for Difficult Loans
  • Standby Letter of Credit, Proof of Funds, CD's
  • Transactional Financing
  • Immigrant & Foreigner Business Financing
  • Nationwide Financing
  • Added Project Income - Cell Towers, ATM Sites.

You can get in touch through my email.
wilson.consulting@hotmail.com
wilson

27 Aug 10, 18:58 HERMAN MASTON, 27 Aug 10, 18:58