Neil ONeil — Pitching – Poweridge Limited A horizontal wind turbine that is placed under the ridge tile of a roof Neil breezes in and delivers a confident pitch with gusto. He ends with a flourish, teasing the Dragons with the prospect of tax free profits. American Dragon Julie Myer has been left with some fundamental questions about how the invention works as wind power cannot be relied on consistently. Neil, clearly knowledgeable on the subject, explains that the device would never power all the needs of a typical house, but with a battery setup could maybe power the lights. Shaf Rasul wants to know about the cost. Neil informs him each mini turbine will cost £20 – £22 per unit and that about 25 would need to be fitted under ridge tiles to cover an average semi. The inventor is again pressed on whether it could run the lights of a whole house and he claims that as long as a household is economic with its lights there is a good chance it could. Shaf gazes into his crystal ball The investment is – invest £50000 and theres a snowballs chance in hell that I might invent the green product Shaf cant see how investing £50000 in this a very high risk venture will make him money. Even the inventors repeated claim of tax free profits fail to convince him. But Julie is curious and wants to know more about the tax free benefits. Neil explains he wants the company to be registered as an Enterprise Investment Scheme. Julie reveals that all her companies are EIS registered. Neil <b>…<b>
No related posts.
