We have not sold any of our solar window units yet. The company has developed a working prototype and is taking the next step to perform testing in a commercial site. From the current pace of progress, we believe we will have our first customer in 2014 or 2015.
When did you know the company would be a success?
The company has been winning various competitions, which is nice to validate our idea, but now it is time to actually execute. I would say that we have developed a very strong proprietary technology, formed a cohesive team and are currently molding a solid business out of all of it. It probably won't be until a year or two down the road until we find out if things are going to be a success or not. That’s a risk we are willing to take.
Competition and e-bootcamps like the one lead by YouNoodle are great ways for our team to gain exposure and get instant feedback from seasoned entrepreneurs. Thus, we are going to be competing in a few more competitions this year including: MIT's Clean Energy Prize, the MassChallenge, the CleanTechOpen and the NOVA Innovation Competition. Most importantly, Invisergy is going to be starting the search for a seed funding round soon.
Join CNBC’s Brian Sullivan, small business owners, and some of America’s greatest entrepreneurs as they share their stories and strategies for success. Getting Back To Business: A CNBC Town Hall Event premieres Wednesday, June 20 at 9 p.m. and will be rebroadcast at 12 a.m. ET on CNBC.
Email us at SmallBiz@cnbc.com and follow us on Twitter@SmallBizCNBC.