Spawn the Rewards of a Sustainable Future by FreeEnergy

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Pitch

MIT has a track record of profitable inventions.Corporations can leverage this to go profitably green.

Description

Summary

1.       Academic Research and Corporate America are unlikely partners except when incentivized monetarily.  Leverage a combination of long term benefits and short term disadvantages to motivate corporations and consumers to wake up to the long term energy and environmental reality.

a.       Competition: Hold a semi-annual competition to spawn winning energy R&D projects that are lucrative to a corporation and MIT.

b.      Projects: Corporations that submit projects with merit gain substantial tax benefits and PR. 

c.       Cost and Revenue Sharing: MIT and the Corporation owning the winning project share the cost of research and the revenue from the resulting product including any patents attained.

d.      Consumer Benefits: Customers who purchase sustainable energy products gain substantial tax benefits.

What actions do you propose?

1.       Further detail to define the enumerated items mentioned in the summary.

a.       Competition:

                                                               i.      MIT alumni to serve as ambassadors to popularize the competition within their organizations. 

                                                             ii.      All industry sectors invited to submit R&D project ideas jointly or singly. 

                                                            iii.      Identity of judges kept secret to prevent attempt to influence via lobbying, grants, etc. 

                                                           iv.      Competition rules and criteria for success listed unambiguously.

b.      Projects:

                                                               i.      Merit for succeeding projects based on intent to productionize the end result of the project, as also the speed with and extent to which the planet will benefit from its productionization. 

                                                             ii.      Tax benefits revoked and penalties applied if intent to productionize is not met.

c.       Cost and Revenue Sharing:

                                                               i.      Technology licensing agreements made upfront

                                                             ii.      Cost of R&D shared by the submitting corporation and MIT

                                                            iii.      Twice annual project assessments using mutually agreed upon criteria determined at onset of project

                                                           iv.      Revenue shared equally as product gets productionized and/or patent starts reaping rewards

d.      Consumer Benefits:

                                                               i.      Alumni in government work to develop a sizable list of sustainable energy products that reap large tax benefits for individuals who purchase them. 

1.       These can be existing products as well as products generated from the winning projects.

                                                             ii.      Alumni in government to develop a list of most environmentally detrimental products that result in tax penalties for those who purchase them.  These penalties increase in size every year, giving corporations an opportunity and motivation to convert their product portfolio, and individuals the incentive to purchase them.

                                                            iii.      Penalties to be applied equally to American and non-American products, purchasers and corporations.