Financial Forecasts

Details concerning our forecasted financial information can be found here:

Our financing strategy includes diversifying our sources to meet our specific needs. We plan to run a Kickstarter campaign for the first year to raise awareness about the company. During this time we will collect funds from the public, aiming to obtain $3 million. A potential strategy includes offering a maximum of 1% of our company in return for pledges. We will tender 0.001% of our company for a pledge of $60. This strategy requires 50,000 donations to reach $3 million. If the equity objective has not been reached by the 3rd quarter, we will approach Angel investors for the balance. This approach keeps us from diluting our funds too much as we will only be asking for a portion of the $3 million. These funds will support our venture for the next 2 years.

For the construction of our plant, we will require additional funding. We plan to approach recycling companies for front-end funding. We will offer to take their waste stream at no cost for a period of 3 years and ask for $2 million capital in return. This quantity is the equivalent of 50-70% of their usual cost to dispose of the waste stream. Even if the plant must borrow the money at 5-10% interest, they will benefit financially by evading the steady cost of disposal.

Perusing the various funding alternatives mentioned will demonstrate to lenders that we are a proactive entrepreneurship. After acquiring the initial $5 million, we will have the required funds for a cash down and will pursue a loan from a bank for the construction of our plant. The projected total installed cost of our first plant is approximately $4,000,000 (using a 30% capital cost contingency). A detailed breakdown of the cost structure can be found here:

<a href="https://static.igem.org/mediawiki/igem.org/f/f5/TCC.pdf"><img src="" width="300px" height="185px">

After construction and commissioning of our first plant, we plan to be online for approximately one-third of the year. In the next 2 years, we will optimize our process and strain to achieve operation for 300 days of the year. After 3 years of production, we will gain revenue stream from the feedstock itself. We will ask the recycling plant for 50% of the cost of disposal to continue to process their waste stream. We forecast to have a company value of over $5,500,000 at then end of four years of industrial-scale production.