HIGH-TECH CONTACT LENS

HIGH-TECH CONTACT LENS

Shark Tank Project AV6

SWOT

Investment Pitch

Competitors

Table of Content

Why Us

Market Segment

Our Team

Our Product

Problem

Solution

Thanks

Target

Winx Club

Member

Trương Thị Khánh Linh

Lê Thị Nguyệt Nga

Leader

Member

Member

Lê Bùi Hương Ngân

Nguyễn Hà Châu

Our Team

Solution

Auto translation. This function can help our customers read and speak- whatever language they want to. It’s like a dictionary all in your own eyes. Our HTL can remind you of all your distant family members, friends from kindergarten, or neighbors with whom you lost contact a long time ago Having a city map inside your head! We can scan your surroundings and make sure there is no traffic jam before you are even there. So it absolutely can replace your phone while you are on the street.

Problem

There are still millions of people that cannot afford to learn English and have the ability to use the language fluently like the natives.Since everyone here can’t live without their smartphones but is still unsatisfied with some of the features Can’t remember your relative’s name during the holiday seasonOr you’re a Uber driver and cannot find your way to your customers?

Market Segment

It’s really easy, drivers just need to connect it with Bluetooth and when they have the destination, high-tech lens will automatically display the shortest map to that place.

Who will be our customers?

How does it work?

Our product leads to everyone that means we are open to all ages, all genders but mainly for teenagers and swots. Especially high-tech lenses are really useful and essential to technology drivers and diplomatists. With the help of showing maps, technology drivers can feel more secure and no longer afraid of theft or wasting time when they have to stop to look at the map anymore.

Business Partners

In case of that, we want to collab with some companies like Grab, Now, Go Viet, Beamin, Loship,.. to assist technology drivers in transporting food as well as transporting people.

Because high-tech lens is both a lens but also a modern technology product so our key competitors are lens/glasses manufacturers and technology companies. Nowadays, some companies have produced high-tech glasses already, for example:

Competitors

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Weakness

Because this is new so there’ re not a tax-specific laws

Government supports starting up, especially in technology. Moreover, we are living in an era where technology is more developed than anything and almost every problem in life is related to technology.

Strength

Threat

Opportunity

Because it is produced by high - technology so its price is quite expensive ( ~1100$) and it’s hard to fix when lens get troubles. One more thing that obstruct us is that our company is the new one so maybe everyone haven’t confidence in our company but trust me, our product won’t put you down.

Our product is unique, a lot of universities and companies are studying about this lens but we’ll be the first ones who bring this modern product to society . Furthermore, it is much more convenient than the smart glasses that we mentioned above.

SWOT

Our Product

Artificial Intelligence has reached its pinnacle of development & is now rapidly coming to life because of HIGH-TECH CONTACT LENS. With technologically advanced techno-toting eyewear, you'll take pleasure in a personalised virtual assistant that simply interprets languages, displays a convenient map of directions, send an email, or find the answer to your question. Forget about refreshing your search page or social media feed, about language barrier or difficulty in finding the way. Leave your phone at home, or stop walking and talking with your chat application open with these revolutionary contact lenses that bring together both entertainment and productivity.

20.000 pairs

5 years

1.000 pairs

1 years

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35%

Target

Our company aims to sell 1000 pairs of lenses in the first year. According to that, we’ll earn a profit of 100.000 USD for each member. With the long-term goal, which is in 5 years, we aim to sell 20.000 pairs of lenses and earn 2.000.000 USD per each.

Why Us

And with the problems we have mentioned before, this high tech lens was created because it can help you remember what matters most so you can concentrate on your priorities without getting distracted by a mobile device. The truth is, we cannot always burying our face in a screen. Can smartphones compare to these lenses? It’s time to think about it.

High tech contact lenses seem to be a delusional product. However, they are now straight out of science fiction, and maybe can replace smartphones someday. Visually, they are just like other lenses but if you take a closer look, you can see some amazing tiny parts such as the solar cell module, the energy-storage module, the telecommunication and power reception antenna…. All of them make the high tech contact lenses the most unique and convenient product.

Why Us

Why are we the right people to build this business? Needless to say, high tech contact lenses are creative, intesresting and essential in these days and the future. They also contain many services and functions have the potential to attract customers. Secondly, our product serves different types of customers. The lenses can help people from many ages and occupations. The most important is, we are the first to create these lenses.

100.000 USD/20%

Investment Pitch

Our company’s initial capital investment is 400.000 USD. The annual salary for employees is 10.000 USD per person. In the first year, the overhead costs can be up to 59.998 USD. The product is high-tech contact lens so its price is much more higher than normal lenses. Each pair of lenses costs 1100 USD. It sounds expensive, but comparing to smartphones which have the same charge, we assure you that our price is the most favourable.

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