Mission

Background

Why Yeast?

Urgent Tasks

Initial Phase of Activities

Second Phase of Activities

How to Finance GIFC Activities

Consultant and Collaborator

About
Dr. Nancy Ho

Financing the GIFC Activities

GIFC will finance its various activities to accomplish its short term and long-term goals in three stages. The first stage will encompass the next three to five years and will require approximately $2-3 million per year to complete its goal (see initial phase activities). GIFC will rely on government grants, particularly from the various states that favor the production of fuel ethanol, as well as solicitation of financial support from individuals, charitable foundations, organizations, and companies to accomplish its initial phase of activities. In this phase, the GIFC will also network to recruit companies and individuals from all walks of life to support the GIFC for its next phase of development.

The goal of the second phase is to partner with ethanol producers (particularly the farmer-owned ethanol plants) and establish industrial scale cellulosic ethanol production. We hope to raise between $50 to $100 million dollars per year from 2010 to 2020. After 2020, the GIFC will be able to generate revenue from marketing the Purdue yeast, various high value co-products from ethanol production, as well as special products developed from cellulosic biomass. We believe that after 2020, the GIFC can be financially self-sufficient to perpetually support its long-term mission (see www.gifc.org). In this country, responsible citizens are very generous, and they will support a good cause. The GIFC will foster our country’s energy independence, improve the environment, and create jobs that will always remain in our states. We believe people will join the GIFC and shoulder this responsibility together. Numerous successful not-for-profit institutes, such as MRI, Battelle, ATCC, and the Mayo Clinic are also important business enterprises in this country. We envision the GIFC will be one of them.