|
Who are the principals and partners in the business? Please list and provide home addresses for each.
Technology/Production Issues
Briefly describe the business concept.
Are there any additional developments necessary to bring this technology/product to market? What (if any) technical breakthroughs will be required to commercialize this technology? How much time do you think it will take?
What is the intellectual property position?
What is the breadth of the technology? That is, is the technology a single-product idea or does it have the potential to create many new products?
What production capabilities currently exist and what capabilities are required?
Do you plan to outsource production?
Marketing/Distribution
Describe the need for your business product or service. What are its end uses or potential applications., i.e., what functions are performed and what problems are solved? How significant is the need? What evidence/data exists that demonstrates the need for the technology or product?
What market(s) are envisioned for this technology or product? Who will be the customers (the users) for the product? What is the size of these markets?
What alternative ways exist to satisfy the need addressed by this technology/product? What companies provide competitive technology and/or products? What other developments are happening (or might happen) to affect the market for this technology/product, including regulatory agencies, and what will their impact be?
Describe the competitive advantages and disadvantages of this technology/product compared to other approaches of addressing the same need or application. Why would someone choose this technology/product over other competing technologies or products?
Describe your distribution approach. Do you plan to outsource?
Management Issues
What do you believe are your qualifications with regard to starting up and managing a new business? What specific assistance do you think you need?
Have you established a management team? If yes, who are the people involved and what are their qualifications and commitments? If no, what is you plan for assembling a management team?
How many people plan to dedicate themselves full time to building this business?
What categories of jobs and what level of employment do you expect to create?
If your real strength is technology, would you be willing to consider delegating management responsibility to someone else? Under what conditions, if any?
Financing
How much money do you think will be needed to develop the technology/product? How would the money be spent?
How much have you or others already invested in the technology/product? How much money are you prepared to invest in your idea? How much money would you expect external sources to provide? Have you considered a strategic partner?
Do you have a business plan available? Yes
No
If so, please include a copy in your response. If not, what are your plans for preparing one?
Please submit financial historical information on company and personal financial statement of principals (if applicable) via e-mail to knight@tech2020.org or via regular mail to Technology 2020.
|
