Jodie Wu conceived the idea in 2008 while a student at MIT’s D-Lab, which incubates technologies for developing countries. She and six co-founders launched the business in 2009 with $30,000 from an MIT business plan competition and $200,000 from angel investors.
The company’s devices each attach to the back of a bicycle and make use of pedaling power. Global Cycle Solutions began manufacturing products in Tanzania late last year and Wu, 23, says she expects to expand production to China or India.
She also plans further bike-powered attachments, including one to grind corn into flour. “We are creating technologies that help … farmers take their first step out of poverty, without any dependency on electricity or fuel,” Wu says in an e-mail from Tanzania.
Because all a customer needs is a bicycle, Wu says, “there are no barriers to the scalability and flexibility in the future products to come.”
Photo by Global Cycle Solutions.
Dunkin Donuts – How to open a Franchise
How to open a Dunkin’ Donuts Franchise In case you hadn’t noticed, Dunkin Donuts is on fire lately. They are opening stores it seems everywhere and delivering up some of the best tasting donuts and coffee in the world. Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]