We’ve selected ThermoVERSE as our first runner-up, to receive a $4,000 award. ThermoVERSE is focused on pioneering technology that will deliver cost-effective heating and cooling energy retrofits so that low-to-middle income (LMI) housing property managers can reap the benefits of an energy efficiency (or building code) upgrade without having to open up the walls. Low-to-middle income housing constitutes approximately 30% of all housing stocks in the U.S., and retrofitting buildings to accommodate new HVAC installations often comes with the surprise of required building code upgrades that can triple expected costs! The goal of ThermoVERSE's highly modular thermoregulation systems will be providing thermal comfort without the need for these costly energy retrofits.
Our thought bubble. Their innovation is both timely and necessary. Given skyrocketing energy costs, soaring home prices, and housing shortages across the country, disruption in this space is essential to maintain viability for as many LMI properties as possible.
The RISE award offers the peace of mind for IP management that ThermoVERSE has been looking for. As an early-stage, unincorporated company it is often difficult to navigate IP without financial assistance, let alone attract the interest of investors. The team at Aurora Patents seems to be cognizant of this, and is coordinating with my local economic development hub, Ann Arbor SPARK, to ensure that any additional IP needs of ThermoVERSE are taken care of. – Shantonio Birch