1.Continue to refine and develop a detailed income statement for your venture for two years (at six-month intervals). Explicitly state the assumptions that underlie your financial model.

 

assumption continues:

1 Continuing findings from Lehigh institution

2 Material costs would constantly be decreasing or hopefully alter to each other as time goes by because the effect of the same material would be less significant. And we would possibly find alternatives to reduce the costs.

3  The labor, meeting expenses, and supervisor fees would stay the same as we hope the project to continue after launching for 2 years.

 

 

2. Identify two SPECIFIC funding sources for the design phase of your project and two SPECIFIC funding sources for the dissemination (implementation / distribution / commercialization) phase of your project. For each funding source, explain why this is a good fit for your project, and what SPECIFIC aspect of your project might the funding source support.

 

SPECIFIC funding sources for the design phase:

The project has been worked for one year so this problem has actually been solved by previous students as they have given valuable and important designing. Also, most of the design phase has completed. For the specific funding sources, the most important is from Lehigh. It is where our project launched and developed. They would support our supervisor, promotion like posting and material. Also, this project is designed especially for the Lehigh dining hall system and helps to balance the food supply structure, so the funding from Lehigh university would be a good fit and all aspects of our project could be supported by them.

Lehigh students or alumni donation: This project aims to change the diet habit for students and the Lehigh community to reduce carbon emissions and to improve the health of eating. So in the design phase, it is important to have students participate. As long as they can identify and recognize the idea and benefit of our program, it is possible to collect donations. Also, it is a good fit for our project because our project mainly works for students and the Lehigh community. As all the people including the alumni could benefit, they would be willing to help. The promotion, launching surveys to collect feedback, and the website would be supported by the donation as they directly work for students who could grant those donations.

 

SPECIFIC funding sources for the dissemination phase:

Eco-reps: Our project would be eco-friendly and the ultimate goal could improve the environmental condition by reducing overall carbon emission. As most attention has been drawn to the motor vehicle exhaust emission, reducing the carbon emission through change food options system would be valuable for the environment. The funding source, as an environmental protection organization, would be interested in the idea and implementation of our project. So they could be a good fit for our project. Also, they could support the necessary material for our projects like stickers and handouts. If our project could successfully launch and operate, they could also provide support to implement the project in other universities and colleges.

Government-funded grant: Our project is constructive to the government and beneficial to the whole society. The government funding would be granted as the program seeks to help improve the environmental condition. Actually, the government would support the promotion and distribution part of the program.