LAB 1 WRITE-UP
Health Care Issue
Google Glass, Bionic-Eye, Regular Eyeglasses.
More aesthetic, cheaper, and universal phone compatibility.
Motion sickness, not so feasible.
Partially blind people, color blind, one-eyed blind.
Any big tech company other than Google
Glass manufacturers, tech company, camera company, software company.
Johnson & Johnson, AMGEN, Gilead Science INC.
Fundability Worksheet Scores
For competition, under Market Dynamics the market would be labeled as mature due to the lack of many companies selling this type of product. However, as for value proposition, the product would be labeled as unclear value due to the lack of popularity and advertising in this type of product. Overall, competition will be scored as a 2.
For Customer Validation, the product would be labeled as "hesitant interest to purchase or not enough customer feedback to date", no such product of this type has been extremely successful and popular and with that information, the product has a unclear potential to the consumers.
For IP Position, the product would be labeled as "Non provisional filed and pending or issued patents, but weak," even though this is a very innovative product and ideal, there are strong patents out from large corporations such as Google and Samsung. The product will score a 2 on the IP position.