MILLIONAIRE PROJECT
Group Members: Scott Fischer, Sawyer Ikeda, Jonathan Stickle, and Eryk Lewandowski
Problem:
"Ocean acidification" is a term used when talking about the recent rise in the acidity of the ocean. In recent years, we are starting to see what will become of our planet if we do not begin to act soon. Eventually our ocean will be deadly to small fish which (through the food chain) will eventually kill off every fish. This would be a huge economic and ecologic loss for the world.
Our solution:
Mass-produce phytoplankton and sell them to fisheries to protect their valuable fish and to help their business stay afloat.
The cause of the rise in acidity is due to increased levels of carbondioxide in the ocean. Utilizing photosynthesis, phytoplankton take carbon and energy from the sun to produce their own food. This reduces the pH of the ocean very slightly each time. By mass-producing phytoplankton, fisheries could buy phytoplankton and place them in the waters they use. They protect their precious fish and the ocean's pH will rise little by little, eventually becoming restored to its original state.
MATERIALS:
Industrial Vats for growing the cultures - $1750-$2000
Salt Water: $200 per Vat
Phytoplankton: $6,000 (50 Gallons)
FACILITIES:
Warehouse for Phytoplankton Production - $5,200,000
(http://www.cityfeet.com/cont/ForSale/LN18840755/75-Williams-Avenue-San-Francisco-CA-94124)
Insurance for Warhouse - approximatly $2,500 per year
Full Development Cost: $5,217,300
TIMELINE:
Our first year at our company will be focused on setting up all of our tanks, getting a working stock of phytoplankton, and marketing ourselves to fisheries. If we can make it into any big fishing companies, they will buy our product and get us on our feet to pay our debts back. If all goes well, our second year can be devoted to more marketing and growing more phytoplankton stock. In the future, we would like to go as far as asking for government funding to help restore the Earth's oceans.
Problem:
"Ocean acidification" is a term used when talking about the recent rise in the acidity of the ocean. In recent years, we are starting to see what will become of our planet if we do not begin to act soon. Eventually our ocean will be deadly to small fish which (through the food chain) will eventually kill off every fish. This would be a huge economic and ecologic loss for the world.
Our solution:
Mass-produce phytoplankton and sell them to fisheries to protect their valuable fish and to help their business stay afloat.
The cause of the rise in acidity is due to increased levels of carbondioxide in the ocean. Utilizing photosynthesis, phytoplankton take carbon and energy from the sun to produce their own food. This reduces the pH of the ocean very slightly each time. By mass-producing phytoplankton, fisheries could buy phytoplankton and place them in the waters they use. They protect their precious fish and the ocean's pH will rise little by little, eventually becoming restored to its original state.
MATERIALS:
Industrial Vats for growing the cultures - $1750-$2000
Salt Water: $200 per Vat
Phytoplankton: $6,000 (50 Gallons)
FACILITIES:
Warehouse for Phytoplankton Production - $5,200,000
(http://www.cityfeet.com/cont/ForSale/LN18840755/75-Williams-Avenue-San-Francisco-CA-94124)
Insurance for Warhouse - approximatly $2,500 per year
Full Development Cost: $5,217,300
TIMELINE:
Our first year at our company will be focused on setting up all of our tanks, getting a working stock of phytoplankton, and marketing ourselves to fisheries. If we can make it into any big fishing companies, they will buy our product and get us on our feet to pay our debts back. If all goes well, our second year can be devoted to more marketing and growing more phytoplankton stock. In the future, we would like to go as far as asking for government funding to help restore the Earth's oceans.