Tag Archives: jumpstart

NASA jumpstarts the electric airplane industry with ultra-efficient flights – 400 mpg

This story is a bit old (October 2011), but in light of Chip Yates project to create the first all-electric transatlantic flight, is worth reading about:

 

NASA has awarded the largest prize in aviation history, created to inspire the development of more fuel-efficient aircraft and spark the start of a new electric airplane industry. The technologies demonstrated by the CAFE Green Flight Challenge, sponsored by Google, competitors may end up in general aviation aircraft, spawning new jobs and new industries for the 21st century.

The first place prize of $1.35 million was awarded to team Pipistrel-USA.com of State College, Pa. The second place prize of $120,000 went to team eGenius, of Ramona, Calif.

“NASA congratulates Pipistrel-USA.com for proving that ultra-efficient aviation is within our grasp,” said Joe Parrish, NASA’s acting chief technologist at NASA Headquarters in Washington. “Today we’ve shown that electric aircraft have moved beyond science fiction and are now in the realm of practice.”

The winning aircraft had to fly 200 miles in less than two hours and use less than one gallon of fuel per occupant, or the equivalent in electricity. The first and second place teams, which were both electric-powered, achieved twice the fuel efficiency requirement of the competition, meaning they flew 200 miles using just over a half-gallon of fuel equivalent per passenger.

“Two years ago the thought of flying 200 miles at 100 mph in an electric aircraft was pure science fiction,” said Jack W. Langelaan, team leader of Team Pipistrel-USA.com. “Now, we are all looking forward to the future of electric aviation.”

 

Source: NASA Awards Historic Green Aviation Prize

 

 

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President, Congress pass bill to allow venture capital funding via crowd sourcing

Earlier this month, President Obama sign the JOBS bill into law with strong bipartisan support, and no this isn’t the one you’re thinking of. This one is designed specifically for funding start-ups with a particular focus on crowd funding (i.e. Kickstarter).

Explained by author and professor, Jeff Jarvis:

The JOBS bill being signed by President Obama today is critical to the emergence and growth of the next generation of industries as ecosystems.

Those ecosystems are made up of three layers: platforms, entrepreneurial ventures, and networks.

Platforms (Google, Amazon, Salesforce, Facebook, Kickstarter, Federal Express, Foxconn), which make it possible for entrepreneurial ventures to be built at lower cost with less capital and reduced risk at greater speed. To provide the critical mass that large corporations used to provide — to, for example, sell advertising at scale or acquire distribution or acquire goods or services at volume — sometimes these ventures need to band together in networks (Glam, YouTube, Etsy, eBay).

The bill supports this flourishing start-up trend by updating some outdated laws, from the 1930s, and correcting some from the Sarbanes-Oxley Act of 2002.

Of interest to us, the regular people:

  • Entrepreneurs can raise up to $1 million per year through those approved crowd funding channels.
  • Investors with incomes of less than $100K will be limited to 5 percent, or $2K, investments.
  • Those who make over $100K/year will be limited at 10 percent, or $10K.

Previously, one could not sell equity through crowd funding and only registered investors with $100,000 could fund a company. Now, with the crowd sourcing provision anyone can get in on the action.

This is great for the industry and those with a nose for investing, but do be wary. Internet scammers and unskilled entrepreneurs will soon be asking for your money to fund the next Google.

 

Learn more about the billJumpstart Our Business Start-ups (JOBS) Act

 

// Photo – Guano