Thirty finalists from
across Alaska have been selected to advance to the next round of the fourth
Alaska Marketplace competition, where they will vie for a portion of the nearly
300-thousand dollars in award money for business and other projects. And one
Kodiak resident is among the finalists.
KMXT's Erik Wander has more.
One of the finalists selected by the Alaska Marketplace
competition, which will be held in May, was Peter Olsen of Kodiak. Olsen, who
has been working on renewable energy and wood energy projects, like firewood
and wood chips, came up with the idea of a biomass bag, to address the issue of
transporting cut wood long distances from rural communities economically. He
said it is one of the biggest challenges facing rural communities in Alaska.
1 50 sec. "It's a wood chip or firewood ... in
the winter time.")
Olsen said the biomass
bag is based on a similar project in Port Yukon and that the Alaska Marketplace
competition has been sympathetic to such projects in recent years.
2 55 sec. "They have expressed ... within
Olsen said the timing is
good, and likes his chances of receiving funding, because of recent interest in
and focus on renewable energy.
3 50 sec. "With energy being as ... simplicity
really is a virtue.")
Finalists have until
April 3rd to write a more comprehensive business plan with the help of
entrepreneurial coaches. Rural residents will be given stipends for their travel
the final competition at ConocoPhillips, which will be held May 5th. The
finalists will pitch their ideas in person to judges, who will choose winners
to receive seed money for their ideas. I'm Erik Wander.