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Published byDaniella Pitts Modified over 9 years ago
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www.vhinnovation.com victoria@vhinnovation.com
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www.vhinnovation.com victoria@vhinnovation.com Protection Practicalities Comfort Background THE GAP
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www.vhinnovation.com victoria@vhinnovation.com The Solution A New Knee Pad Design Improved impact absorption Improved comfort Customisation to each user
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www.vhinnovation.com victoria@vhinnovation.com The market opportunity One off product Low price Health and Safety Requirement More consistent sales
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www.vhinnovation.com victoria@vhinnovation.com The team Executive Team – Founder – Victoria Hamilton Support Team – Scottish Institute for Enterprise – Liz McKenzie – Strathclyde Entrepreneurial Network – Josh Sauter – Mentors - Lawrence Broadley (Lat56 Ltd), Neil Martin (Route to Employment), Grace Kennedy (Triage) – Specialist Support - I4 product design, Marks and Clerk, Business Pointer, Milne Craig Accountancy Skills Gap – Finances and projections – Marketing and branding – Executive Chairperson Experience of product development and new product launch Someone I can learn from Assistance with customer relationship management
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www.vhinnovation.com victoria@vhinnovation.com Intellectual property Patent in preparation Design Rights Trademarking
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www.vhinnovation.com victoria@vhinnovation.com Competition Retail Price - £32.88 (exc VAT) BAE Price - £27.64 (exc VAT) 2000 knee pads bought per year Retail Price - £29.50 (exc VAT) Balfour Beatty Price - £19.69 (exc VAT) £8,364 spent per year on knee pads
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www.vhinnovation.com victoria@vhinnovation.com Financials/Funding Needs YearSalesExpenditureProfit/LossCash in BankAnticipated Activities 10£47,075-£47,075£8,010 Trades product development 2£87,040£143,465-£56,424-£34,726 Gardening development DIY development Launch of Trades product (March 2015) 3£1,358,999£1,144,752£214,247£282,648 Skiing/Snowboarding development Motocross development Launch Gardening product( December 2015) Launch DIY product (December 2015) 4£1,786,582£1,718,248£68,333£528,636 Launch Skiing/Snowboarding Product (January 2016) 5£1,091,568£1,033,379£58,188£684,353 Launch Motocross Product Distribution of funds for initial 6 months (Sept – Feb): Employee Wages - £9,000 Product Development - £5,000 Prototypes - £2,000 Manufacturing Tooling - £18,000 Testing - £4,000 First Batch of Products - £12,000 Marketing - £5,000 Patent - £5,000 Miscellaneous - £3,000 Funding Required: Expected Case - £63,000 Best Case - £53,000 Worst Case - £74,000
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www.vhinnovation.com victoria@vhinnovation.com Summary Patentable knee pad technology which provides better comfort, protection and practicalities than any other product currently on the market £56,500 What? Who? Where? Why? To provide better comfort and protection to users knees Suppliers of Personal Protective Equipment e.g Arco, Greenhams… DIY retailers such as Homebase, B&Q, Argos, Home Depot.. www.vhinnovation.com websitewww.vhinnovation.com Progres s
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www.vhinnovation.com victoria@vhinnovation.com Thank you Any Questions?
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