Investment and Return
We are looking for an investment of $750,000 to fund research and development and marketing for one year. Our office and lab are located in the Philippines so costs are lower than they might be in Canada or the US. After one year we hope to be able to operate on profits and government funding. For your investment you will receive a 25% stake in all our profits for the first 3 years after the initial year and a 5% stake thereafter. That represents a return on investment of over 50% over four years. Below is a detailed schedule of our business plan.
August 2016: Rollout prototype at a participating school in Manila, Philippines.
August 2016 - Setember 2017: Use pilot program to fine-tune product and continue R&D to improve the device.
September 2017: Rollout the generation 2 E-Bit at participating Canadian schools. Increase staff to include administrators at participating schools.
September 2018: Canadadian wide release of E-Bit.
September 2019: International release of E-Bit.
Throughout this process we will be marketing aggressively and studying the successes and failures of the E-Bit to improve it in subsequent incarnations. We understand that technology develops quickly and our team is dedicated to staying on the cutting edge.
August 2016: Rollout prototype at a participating school in Manila, Philippines.
August 2016 - Setember 2017: Use pilot program to fine-tune product and continue R&D to improve the device.
September 2017: Rollout the generation 2 E-Bit at participating Canadian schools. Increase staff to include administrators at participating schools.
September 2018: Canadadian wide release of E-Bit.
September 2019: International release of E-Bit.
Throughout this process we will be marketing aggressively and studying the successes and failures of the E-Bit to improve it in subsequent incarnations. We understand that technology develops quickly and our team is dedicated to staying on the cutting edge.