In the solar industry, capital expenses are high and the margins are low due to the silver and ITO layers within the solar cells that account for 20% of the manufacturing cost and 21% of the capital expense for the manufacturing line.
Swift Coat has developed a nanoparticle coating to replace the expensive silver and ITO layers. Their innovation will reduce the manufacturing cost by 10% and the capital expense for the manufacturing line by 16%.
The company will charge a varying licensing fee, and will lease their equipment to different companies for additional funding.
state of development
Currently developing a manufacturing model
grants/awards to date
Rice Business Plan Competition
Zero Mass Water Materials Award
SRP Innovation Award
Fulton TIL Grant
3-6 month milestones
Develop a larger prototype for their product.
Peter Firth and Zachary Holman