Dallas engineer Arun Gupta had a great idea. Create an efficient solar panel for hotels and factories that could pull double duty: making electricity and heating the building's water at the same time.
He named the company Skyven Technologies and got to work perfecting computer models. The only problem? Money. Skyven needed to build a full-scale prototype to show investors and take the business to the next level.
Enter Proto Labs Inc.'s Cool Idea Award contest, which on Thursday announced it would grant Skyven and several yet-to-be selected winners up to $250,000 this year in free manufacturing services. Judges have been selected and are ready to receive submissions. Gupta applied last year and is the first winner announced this year.
This is the fifth year that Maple Plain-based Proto Labs has sponsored the contest, which is open to entrepreneurs in the United States and Europe. The idea is to reward innovators with free manufacturing help so their revolutionary but budding ideas, models or parts can quickly leap into actual production.
Proto Labs is a custom manufacturer with about $200 million in annual revenue. It uses computerized milling, injection-molding or 3-D printing technology to quickly make customer prototypes, products and parts.
As part of his $35,000 Cool Idea award, Gupta will use all three of Proto Labs' manufacturing processes to make the plastic and metal parts for his unique solar panel, which will be the size of a conference table when assembled.
"Having this award and having them build our product for us has been huge in making sure everything is working right and that we can show it to people," Gupta said. "Otherwise, the most we can get are computer simulations, which are not very convincing to most people."
Contest program manager Sarah Ekenberg said Proto Labs has donated $750,000 in manufacturing work to 21 start-ups with big ideas but few resources. It often manufactures a winning contestant's product housings, clips, parts or the critical attachments that connect hardware to software.