Developers of an ethanol-powered microengine, two Duke Ph.D students have created a system to produce electronic current from a miniature combustion engine. Their start-up company concept, called Micropower, is designed to power electronic devices at a fraction of the price of traditional batteries.
In terms of output, 1 microengine is worth approximately $21,000 worth of conventional batteries. Their current market opportunities include the US military, the $71 Billion global commercial battery market, and the consumer electronics market. They are currently seeking series-A start-up funding between $1-2 Million.