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by demadog 1493 days ago
$100k? Most SV engineers could self-fund that. Why not make it $1m+?
1 comments

Because it is a school project and not subject to any realistic assessment of commercial viability or innovation.
> The winner of this year’s MIT $100K Entrepreneurship Competition is commercializing a new water desalination technology.

> The company has already developed a small prototype that produces clean drinking water. With its winnings, Nona will build more prototypes to give to early customers.

> The company plans to sell its first units to sailors before moving into the emergency preparedness space in the U.S., which it estimates to be a $5 billion industry. From there, it hopes to scale globally to help with disaster relief. The technology could also possibly be used for hydrogen production, oil and gas separation, and more.

I think it is a bit beyond just being a school project (and I sincerely wish them all the best).

Just about every engineering school has one of these. They put together a poster and business plan that said what they want to do.