necoTECH
Creating sustainable infrastructure using recycled waste materials
- Security Type
- CAFES
- Categories
- Hardware, Technology, Infrastructure, Sustainability, Engineering, Construction, Climate Change, Infrastructure & Construction
- Min Investment
- $100
- Location
-
Delaware, OH
- Expected Close Date
- April 30, 2023
- Target Raise
- $50.00K-$1.07M
- No. Investors
- 254
- Security Price
- $1
- Website
- necotechusa.com
- Number of Employees
- 1
- Cash
- $28,379
- Revenue
- $267,708
- Short Term Debt
- $14,535
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $19,337
Company Description
necoTECH drives sustainable infrastructure with better and more eco-friendly materials and advanced equipment technology. Sustainability is a hot topic that no one can ignore, and the market will continue to grow because we have a dire need to develop renewable, sustainable solutions. To capture a fair share of this large and growing market, necoTECH is systematically developing a business model that works.
Use of Proceeds
Approximately 20% towards further R & D of technologies (matched with Gov't research contracts), 60% towards hiring and operations, 13.5% Marketing for tradeshows and travel to Air Force facilities 6.5% Wefunder fees.
Key Deal Facts
We have Research & Development Agreements with NASA, U.S. Air Force, & U.S. Army Corps of Engineers.
Licensed 4 patents from the national labs including USACE, AFCEC, & NASA.
4 technologies selected in the Top 30 for U.S. Air Force Pavement Maintenance & Repair!
Working on a vertically integrated solution to divert over 90% of waste from landfills.
We're 1 of 2 companies selected in the US to test Recycled Plastic Asphalt by NCAT.
Multiple national partners in order to scale technologies across the US.
Currently have 7 technologies that utilize waste materials, sequester CO2, & improve performance.
Use of Proceeds
Approximately 20% towards further R & D of technologies (matched with Gov't research contracts), 60% towards hiring and operations, 13.5% Marketing for tradeshows and travel to Air Force facilities 6.5% Wefunder fees.
Management Team / Advisory Board Bios
He is skilled in helping build companies ranging from startups to Fortune 500 companies., John Whittington Director of EngineeringJohn has over 30 years of experience in engineering and facility management. He brings years of guidance and mechanical thought leadership to neco as we build out our systems and technologies., Cheryl Hutchinson Director of Operations"Controller of chaos" at necoTECH who helps keep all functions on time and within budget. Spent over a decade boosting efficiencies and establishing best practices for companies ranging from tiny startups to Fortune 100 corporations., Zac Graber Product ManagerZac is a young but well rounded entrepreneur. He has founded and bootstrapped his own startup, grew and co-raised a large seed round at another, and researched waste management solutions as a President’s Prize Fellow at The Ohio State University.