CROWD FUND US
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CHICKEN & EGG SITUATION - Hydrogen powered electric buses are becoming very popular. With exchange refuelling using high pressure gas or liquid hydrogen cartridges, coaches and trucks might have unlimited ranges, giving us the same freedoms as with petrol or diesel fuels, without global warming and lung cancer.
If you've ever dreamed of owning and operating an electric vehicle free of range restrictions, a vehicle that is affordable and free of carcinogenic emissions and greenhouse gases. We share that vision. You can help us to make your dream come true.
THE FUNDING CHALLENGE
Disruptive technology like the proposed "Hydrogen Battery," that is at an embryonic conceptual stage, will not qualify for conventional commercial business funding, especially where the developers intend offering free licenses and automotive OEM support.
Even the likes of Horizon 2020, Europe or the following schemes, may not provide the support that is needed for a radical new concept such as a Universal Energy Cartridge - where there are too many stakeholders in existing collaborative programmes - leading to intellectual entrenchment - even where innovation is the objective.
Additionally, the policies applied to applications and the capacity financial tests - rules out totally flexible free thinking and thinkers who are just starting out. Yes, the European Commission is risk averse too.
Hence, funding schemes that look attractive when viewed casually and are billed as for innovators, is a mis-description that will disappoint many would be entrepreneurs. These schemes fail to fill the funding void when the detail is revealed. Such schemes (1-4) include:-
The EIC Pathfinder Pilot comprises FET-Open and FET-Proactive and offers grants of up to €4 million to promote collaborative, inter-disciplinary research and innovation on science-inspired and radically new future technologies. These grants are for consortia of at least 3 entities from 3 different Members States and associated countries
UK Industrial Strategy sets out Grand Challenges to boost the industries of the future, ensuring that the tackles major global changes, improving people’s lives and the country’s productivity. 3 of these challenges are: Artificial Intelligence and data, clean growth and the future of mobility. Unfortunately, this scheme requires conventional business loan match funding.
The EIC Accelerator (previously know as SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services.
The idea is to help innovations leapfrog development hurdles to bring onto the market leading edge technology and business models that could drive economic growth, even where existing businesses might resist due to perceived competitive advantage. Again, this option has expired.
ELENA is a joint initiative by the EIB and the European Commission under the Horizon 2020 programme. ELENA provides grants for technical assistance focused on the implementation of energy efficiency, distributed renewable energy and urban transport programmes. As such, the scheme may be applicable to SMARTNET FASTCHARGE, but only once the project has cleared the initial hurdles that at present are insurmountable blockers.
CROWD FUNDING TO THE RESCUE?
Crowd funding is a way to kick start the development of what could be a very important social invention that would otherwise not get off the ground, allowing engineers and lobbyists to engage with utilities, OEMs, politicians, academics and eventually, industrial investors, with a view to encouraging stakeholders to either convert existing vehicle platforms, or design future platforms to be compatible with the Universal energy cartridge concept, and hydrogen and battery service stations to cater for all kinds of electric vehicles.
Crowd Funding could resolve the Chicken & Egg situation that making hydrogen practical, is facing.
But even crowd funding is limited. Generally, limited to smaller bites of the cherry. Meaning that larger social projects would need to be broken down into stages, with rewards to investors - in the form of completion of each work package, before the engineers seek help for the next stage.
On this page we will feature links to Crowd Funding campaigns for specific elements of development of a Hydrogen Battery and Smart support infrastructure.
Please give what you can afford if you like what we are doing. The essential element of crowd funding is that small contributions from well wishers mount up so that something big can be achieved from the collective.
The links to campaigns will go live as the teams are formed.
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