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New Venture Team Kevin Shanahan Jeong Seo Olivia Hebert Sangho Han Jeremy Bragg

New Venture Team Kevin Shanahan Jeong Seo Olivia Hebert Sangho Han Jeremy Bragg. Welcome to TIle. Where education stand today The problem The solution What is it?. A traditional educational system. Where we are today. Time to wake up!! Why Now????.

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New Venture Team Kevin Shanahan Jeong Seo Olivia Hebert Sangho Han Jeremy Bragg

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  1. New Venture Team Kevin Shanahan JeongSeo Olivia Hebert Sangho Han Jeremy Bragg

  2. Welcome to TIle • Where education stand today • The problem • The solution • What is it?

  3. A traditional educational system • Where we are today. • Time to wake up!! • Why Now???? "We must invest in early education, raise academic standards, make college affordable, and do more to recruit and retain top-notch educators," - Education Secretary Arne Duncan

  4. Reduce, Reuse, Recycle • How they do it. • How we do it Replace, Refine, Revolutionize Waste Composition

  5. Tile incorporated

  6. target market • Elementary School Aged Students • Elementary Statistics • US: 67,140 (2009-2010 Census)* • TX: 4,001 (2010-2011 Census)* • Dallas ISD: 149 (2012-2013 Census)* *Dallasisd,org, nces.ed.gov, texas_education.org

  7. Target market • Market Challenges: creating the need for the product and changing the desire to learn this way. • Market Segment: Demographic • Company’s potential: high – new technology is developing therefore education and the style of learning needs to change with it.

  8. Competitive Advantage • DIRECT COMPETITION • Traditional Educational System • THE TILE FILE • STRATEGIC PARTNERSHIPS • Department of Education • E-Learning Developers (ie Fingerprint & Hopscotch) • Tutoring Centers (ie Sylvan & Huntington Learning Centers) • Microsoft/Samsung • (Tech Manufacture)

  9. Business and revenue model

  10. Marketing plan • Direct Sales Representative • Excellent Customer Service • Trade Shows and Educational Expos • Ed Show in Dallas in March • Lottery Program (Trial run) • Promotional Video/Commercial

  11. Financial projections • Assumptions • Price $9500/unit (based on comparable hardware and projected software costs) in Years 1 and 2 then $10,450 years 3 and 4 • COGS $7500 unit based on similar hardware and allocated salaries of software/hardware engineers • Operational Expenses estimate the costs of hardware maintenance and software support for 30 units in year 1, 100 units in year 2, 150 units in year 3 and 300 units in year 4 *(PAYG model for IT support)

  12. funding Key Facts • Salaries based on industry averages for hardware designer, software engineer and Web Master • $405,000 projects the cost to produce a prototype, not any units for sale • High first year accounting and legal costs consider applying for public school accreditation • Future funding contingent on units (contractual model)

  13. timeline

  14. Summary

  15. TILE The floor is now open for questions

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