Seniors Alexa Simpson and Jay Cohen and sophomore Sia Goel created a business through a 15-week Stanley Black & Decker Junior Achievement Entrepreneurial program and are selling a solar operated portable chargers under the company name SolarAid.
SolarAid focuses on creating a green energy source to keep the battery charged all day. At $10 a battery, seven percent of the profits benefit a non-profit organization called GivePower that provides clean energy to developing countries.
“We did not create the chargers. We created the business including finance, management, and marketing. [We] ordered [the chargers] from the supplier and are now selling them. Our process involves raising stock from investors and selling the portable solar chargers for $10, [also] sold for $25 on Amazon, in order to make as much of a return on investment for our investors as possible, while also, making a charitable contribution to the GivePower organization,” Simpson said.