Hi Jesse,
I am Caroline Hane-Weijman, one of the team members working with GCS. I am an undergraduate mechanical engineer here at MIT with great interest in entrepreneurship in the developing world.
We all appreciated your email to us- it's always exciting to get feedback from others with the same intentions and interests as us. I answered your questions below but would gladly set up a phone interview with you if you have further questions.
Tell me a little about the decision to start Global Cycle Solutions?
Paul Polak writes in his 12 steps for practical problem solving that number one is to go where the action is, how do you choose where to impliment your products?
Whats coming up for GCS, what are the next steps?
There are a lot of things happening right now. To summarize broadly: We currently have three members on location right now. We are trying to set up distributors, market ourselves, possibly partner with a bicycle organization, finalize our prototype of our product, and collaborate with micro-finance institutions to help with the initial capital investment.
I would suggest going to our blog and reading about our updates from the field- I think that would be more useful for a better idea of the progress we are making: http://globalcyclesolutions.blogspot.com/
Any advice for someone like me working on similar projects?
-Regarding the implementation of your product- Direct sales is very difficult and limiting, especially in Africa, if you do not have a large sales force. Try to create a business model that relies on distributors or partner with an organization with an existing infrastructure (NGOs have been very interested in working with these types of projects). You will be able to reach more people and minimize overhead costs. Furthermore, it will benefit locals on multiple levels- providing income generating possibilities and creating a more sustainable model for the community. Don't only provide locals with the end technology; provide them with knowledge and skills.
-Recruit a good team with the necessary skills to help you
-Stay focused- start small and grow big. Easy to get distracted by too many offers and too many possibilities. Know your capabilities and limits.
-Don't be discouraged!! Things will seem impossible and overwhelming, but be resilient if you believe in what you are doing.
- Don't hesitate to contact people for whatever you need
- Stay organized- record contacts, possible partners, press, accomplishments, documents etc. Things can happen very quickly and its useful to keep documents of "catchy pitches", summaries, information brochures etc and with all the people you meet that may prove to be useful in the future.
- Take advantage of the Green movement at the moment- a lot of investor events focus on green tech.
Hope this was helpful for you,
Don't hesitate to to ask for more information if you need. As mentioned, our blog has more updated information than our website- so feel free to follow our progress and stories in the future. Best of luck with your projects and thesis.
Best,
Caroline
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