Spend some time looking at Equipois, the focus of the You Be the VC 3.2 feature. Name
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Spend some time looking at Equipois, the focus of the “You Be the VC 3.2” feature.
Name five things that Equipois could have done in its feasibility analysis that would have been particularly helpful in supporting its business plan.
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YOU BE THE VC 3.2 Company: Equipois Web: www.equipoisinc.com Twitter: Equipoisinc Facebook: Equipois Business Idea: Design and build mechanical arms that hold objects such as heavy tools as if they are weightless while allowing them to be maneuvered by tradesmen doing precise work such as riveting fuselages and grinding metal. Pitch: Manufacturing-related injuries are costly for both employees and employers. Experience suggests that helping an employee recover from a shoulder injury, for example, can cost a manufacturer $80,000 in health care expenditures and sick leave. Many injuries result from workers handling heavy tools, equipment or materials. Repetitive motion and overexertion are also common causes of workplace injuries and accidents. Equipois's zeroG arm is a patented technology that allows workers to affix heavy tools or equipment to a mechanical
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Market Research and Validation Equipois could have conducted extensive market research to validate t...View the full answer
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Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
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