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FEED Timeline

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by

Shane Eten

on 21 March 2013

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Transcript of FEED Timeline

The company, which won $5,000, manufactures units that use food and organic waste to produce biomethane and a potent organic crop fertilizer. The units can be used at stores, manufacturing plants, and restaurants. The company has a deal in the works with a major supermarket chain to provide units that both break down food waste and provide a source of electricity. Shane Eten Presenting Ignite Clean Energy Contest 2006 MIT Ignite Clean Energy Competition FEED Official
Incorporation Grant Funded Study
Supermarket System Provisional Patents Filed Test System Engineered Customer Finances $400k+ Pilot System Move Office to Burlington, MA Benchtop Reactors Lab To Optimize Biology Supermarket Waste Audit Complete Joint Effluent Study Penn State 2007 TechConnect Presentation Pilot System Build Complete Commercial Scale System Designed Pilot System Generating Electricity Partnerships With Vendors Established Headquarters Moved to Boston Filed Patent Application Waste Audit
SoCal System SoCal Project Feasibility Complete Westcoast Trip to Future Customer Work Begins To Qualify For ITC Grant 100% Cap-Ex
Approval Preliminary Design Complete Site Demolition Begins in SoCal Gensets Purchased
& Configured System Building Foundation New Website Design Foundation & Forms For Tank Reactors System Equipment Arriving Onsite Digestion Tanks & Reactors Erected Entitlements in Place & CEQA App Accepted 3rd Party Engineering Firm Certifies Design Optimization Software Complete Biogas Utilization
Equipment in Place Construction Completed Process Modules Integrated Project Mentioned
In Yearly Report Green Trash
Article System Footage
Directorial Debut RestoringNaturalOrder.com Opportunity Paper
1st Week At Babson Babson Hatchery
Office Space Business Plan
Drafted (60 Pages) Rocket Pitch Competition Nationwide BPlan Competition Circuit Feed was started at Babson’s entrepreneurial-focused MBA program. Babson has been ranked the #1 Business School in entrepreneurship by U.S. News & World Report for 16 consecutive years. Company founder, Shane Eten had access to the best entrepreneurial resources and minds in the world. A diagram from Feed’s first business plan in 2005 (seen above) outlined the concept of a waste-to-energy facility located at a supermarket distribution center. Company has spent the past 8 years focusing on making this happen. RETAILERS weeks later the name
BioSPAN is changed to: RETAILERS ROCKET PITCH is an annual event where Babson (students and alumni), Olin Engineering and Wellesley College student entrepreneurs are invited to pitch their business ideas to a large audience of students, faculty, entrepreneurs, investors, and service providers.

Each entrepreneur is given three minutes and three PowerPoint slides to quickly and succinctly deliver the critical differentiating elements of their business ideas. Pitches happen in rapid succession in multiple rooms. SEED FINANCING FOR TECHNOLOGY PROOF OF CONCEPT 2005/6 CONCEPT SOLIDIFIED, BUSINESS PLAN ON PAPER & COMPANY INCORPORATED 2009 CUSTOMER COMMITMENT, VENDOR PARTNERSHIPS & TECHNOLOGY IP PROTECTED 2008 PROPRIETARY TECHNOLOGY DEVELOPMENT WITH PILOT SYSTEM EXPERIENCE 2011 PROJECT PERMITTING AND SYSTEM FOUNDATIONS ARE APPROVED AND IN PLACE 2010 PRELIMINARY DESIGN & CAPITAL COMMITMENT FOR COMMERCIAL SCALE PROJECT 2012 COMPONENT INSTALLATION, TECHNOLOGY COMMISSIONING & SYSTEM START-UP
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