TECH 101 Introduction to Engineering Entrepreneurship Milestone 4 Presentation - Wet Inc

Summary

Water and Environment Technologies Incorporated, led by CEO John Brian Palmis, introduces a pioneering solution to combat freshwater scarcity. Their innovative piping system repurposes gray water for gardening, landscaping, and cleaning, promoting environmental sustainability. The company's mission is to provide essential products to communities and governments, aiming to reduce environmental risks. With a strong focus on eco-friendliness and customer value, they offer a service that is both beneficial and affordable, ensuring a positive impact on both consumers and the environment.

Takeaways

• 💧 The company's mission is to address the issue of fresh water scarcity by transforming traditional liquid and solid waste into valuable products without environmental harm.
• 🌱 They propose a solution that reuses rainwater for gardening, landscaping, and cleaning purposes, emphasizing the conservation of fresh water.
• 🚰 The core product is a piping system that collects and filters gray water, making it suitable for reuse in various household applications.
• 🌍 The problem of water scarcity is a global issue, with only 3% of the world's water being fresh water, and the company aims to contribute to its sustainable use.
• 🏡 The target customers include private sectors, non-private organizations, and engineering companies, who are directly affected by water scarcity.
• 📊 The company has conducted surveys and collected data, indicating that there is a significant demand for solutions to water scarcity and a willingness to pay for such services.
• 💹 The financial plan includes projections for the first year, detailing the required assets, revenue, and potential funding sources to support the company's growth.
• 🌐 The brand framework is centered around values like environmental concern, innovation, and customer partnership, aiming to be a leader in water sustainability.
• 📈 The company's marketing strategy involves leveraging social media platforms and digital marketing to reach a wider audience and promote their services.
• 🌿 All materials used in the product are eco-friendly, ensuring that the solution not only addresses water scarcity but also promotes environmental sustainability.

Q & A

What is the main mission of Water and Environment Technologies Incorporated?

The main mission of Water and Environment Technologies Incorporated is to provide essential products and services to the community and government to help lessen the occurrences of environmental risks, such as fresh water scarcity, and to propagate the campaign about water scarcity.

What problem does the company aim to address with their venture?

The company aims to address the issue of fresh water scarcity by providing alternatives to transform gray water into different benefits, converting liquid and solid waste into essential things without damaging the environment.

How does the proposed solution work in terms of water management?

The proposed solution works by utilizing a piping system to channel gray water into a container, filtering it, and reusing it for purposes like gardening, landscaping, and cleaning, thereby conserving fresh water.

What are the key components of the company's solution?

The key components of the company's solution include a level indicator, alarm, piping system, filtration system, and a water tank for storing gray water.

Who are the target customers for the company's products and services?

The target customers for the company's products and services are private sectors, non-private organizations, and other engineering companies.

What is the company's approach to ensuring the eco-friendliness of their services?

The company ensures the eco-friendliness of their services by using 100% eco-friendly materials in their products and by offering solutions that convert gray water into beneficial uses, thus preserving the environment.

How does the company plan to measure the success of their venture?

The company plans to measure the success of their venture through customer satisfaction, willingness to pay for the services, and the adoption rate of their proposed solution by the target audience.

What is the company's strategy for marketing their products and services?

The company's strategy for marketing includes using social media platforms like Facebook and Instagram, as well as their website and flyers, to reach a wide audience and potential clients.

What are the financial projections for the company's first year?

The financial projections for the first year include preparing a cash flow statement, a balance sheet, and an income statement, with funding needed for current Equity capital of Founders and potential funding sources.

How does the company define customer value in the context of their products and services?

Customer value is defined as the perceived worth of a product or service to a customer based on their unique needs, wants, and preferences. The company measures customer value to determine what is most important to their customers and how to satisfy their works and expectations.

What is the company's vision and mission in terms of environmental impact?

The company's vision includes values such as customer partnership, environmental concern, innovation, leadership, and national commitment. Their mission is to provide an essential product to help lessen environmental risks and to propagate the campaign about water scarcity.