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Team:UCL E/Business/Marketing
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| + | Our product belongs to two markets: eduction and small-scale research. The biotechnology education market is steadily increasing as new discoveries come to light and equipment costs decrease. | ||
==Markets== | ==Markets== | ||
Revision as of 14:38, 27 October 2013
Contents |
Market Description
Our product belongs to two markets: eduction and small-scale research. The biotechnology education market is steadily increasing as new discoveries come to light and equipment costs decrease.
Markets
We have identified three markets: Education, Citizen Science and Field Research.
Education: Our primary market is science education in UK secondary schools. When At present, schools are reported to have [http://www.bbc.co.uk/news/education-22369573 too little equipment] for effective practical work and [http://www.telegraph.co.uk/education/educationnews/10030738/Schools-wasting-science-lab-budget-on-photocopying.html unable to offer] a full range of practical lessons.
Citizen Science: [http://diybio.org DIYBio] presents a growing citizen science community of molecular biologists, biotechnologists and bioartists. Projects range from microbe mapping to [http://pavillon35.polycinease.com/recipe-1-yeast-printing/ yeast printing]. DIY Science can be considered as an [http://www.nature.com/spoton/2012/12/spoton-nyc-diy-science-an-alternate-approach-to-scientific-experimentation/ alternative approach to scientific experimentation]. One common barrier is access to the technology, where cost and skills are both problems.
Field Research: A range of fields, from textile conservation to evolutionary biology, require the use of biotechnology, in particular PCR.
Market Analysis
Competitors
There are no direct competitors who provide an alternative to our product. Our competition is more indirect and falls into three broad categories: companies offering laboratory equipment hardware kits, laboratory equipment supply and educational biotechnology kits. We assessed our product in comparison to other companies by the following criteria:
- Cost o How cheap is the technology? How much does shipping cost?
- User-friendly o How easy is the technology to use?
- Convenience o Does the company ship internationally? Is it pre-manufactured or does it require assembly?
- Visibility o How easy is the product to find?
As shown in the following table, our competitors…
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Marketing and Sales
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