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Team:Calgary Entrepreneurial/Project/Model
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<h1>Milestones</h1> | <h1>Milestones</h1> | ||
| - | <p>Ensuring that we achieve critical thresholds in a timely manner it is vital to the success of FREDsense. To this end, we have strategically planned | + | <p>Ensuring that we achieve critical thresholds in a timely manner it is vital to the success of FREDsense. To this end, we have strategically planned forward to both utilize our resources in the most effective way and to meet the needs of our market. Here we outline how FREDsense will grow over the next 5 years.</p> |
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| - | <h1>Our | + | <h1>Our Plan</h1> |
| - | <p>Developing a solid plan that clearly outlines a strategic direction for our future is critical. To this end we have developed | + | <p>Developing a solid plan that clearly outlines a strategic direction for our future is critical. To this end, we have developed a strategic encompassing plan for where our energies will need to be focused to best utilize our resources and to meet the needs of our market. This involves us devoting focus to key developments of our technology, legal frameworks, and financial implications. Here we outline how FREDsense will grow over the next 5 years in three intervals. These are broken down into 1, 3, and 5 year intervals.</p> |
<h2>Year One</h2> | <h2>Year One</h2> | ||
| - | <p>This stage of our development will see continued development of our technology and strategic actions to protect our intellectual property. | + | <p>This stage of our development will see continued development of our technology and strategic actions to protect our intellectual property. We will begin the process of obtaining regulatory approvals for our final system. Additionally, to enable steady growth for our technologies market we will be engaging with key industry players. Finally, we will be actively engaged in raising capital to continue all stages of development from accelerators, corporate partners, grants, and private investment.</p> |
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<h2>Year Three</h2> | <h2>Year Three</h2> | ||
| - | <p>By year three we envision moving from building the prototype system to ensuring it works in the conditions needed. | + | <p>By year three we envision moving from building the prototype system to ensuring it works in the conditions needed. We will have begun the transition from prototype development to scaled up mass-manufacturing of the technology. Our system will have achieved the necessary regulatory approval and initial sales of the system will have begun with key industry players who we began engaging with in year one. We will have conducted several demonstrations of our final system to our potential customers. Finally, we will have accelerated our capital raising strategy by engaging with angel investors, customers, and grants.</p> |
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<h2>Year Five</h2> | <h2>Year Five</h2> | ||
| - | <p>With our initial system having moved from prototype to mass-produced product to first sale, we will pivot to diversifying the sensing ability of our technology. By diversifying the technologies application we aim to begin entering markets outside Canada. | + | <p>With our initial system having moved from prototype to mass-produced product to first sale, we will pivot to diversifying the sensing ability of our technology. By diversifying the technologies application we aim to begin entering markets outside Canada. We will work diligently to protect these innovations with rigorous intellectual property protections. Inside Canada, we will have moved beyond our first sale to obtaining a sizable portion of the sensing market. To accomplish our growth aims we will begin transitioning to next stage of capital investments from venture capitalists.</p> |
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Revision as of 06:44, 25 October 2013
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Milestones
Ensuring that we achieve critical thresholds in a timely manner it is vital to the success of FREDsense. To this end, we have strategically planned forward to both utilize our resources in the most effective way and to meet the needs of our market. Here we outline how FREDsense will grow over the next 5 years.
Our Plan
Developing a solid plan that clearly outlines a strategic direction for our future is critical. To this end, we have developed a strategic encompassing plan for where our energies will need to be focused to best utilize our resources and to meet the needs of our market. This involves us devoting focus to key developments of our technology, legal frameworks, and financial implications. Here we outline how FREDsense will grow over the next 5 years in three intervals. These are broken down into 1, 3, and 5 year intervals.
Year One
This stage of our development will see continued development of our technology and strategic actions to protect our intellectual property. We will begin the process of obtaining regulatory approvals for our final system. Additionally, to enable steady growth for our technologies market we will be engaging with key industry players. Finally, we will be actively engaged in raising capital to continue all stages of development from accelerators, corporate partners, grants, and private investment.
Year Three
By year three we envision moving from building the prototype system to ensuring it works in the conditions needed. We will have begun the transition from prototype development to scaled up mass-manufacturing of the technology. Our system will have achieved the necessary regulatory approval and initial sales of the system will have begun with key industry players who we began engaging with in year one. We will have conducted several demonstrations of our final system to our potential customers. Finally, we will have accelerated our capital raising strategy by engaging with angel investors, customers, and grants.
Year Five
With our initial system having moved from prototype to mass-produced product to first sale, we will pivot to diversifying the sensing ability of our technology. By diversifying the technologies application we aim to begin entering markets outside Canada. We will work diligently to protect these innovations with rigorous intellectual property protections. Inside Canada, we will have moved beyond our first sale to obtaining a sizable portion of the sensing market. To accomplish our growth aims we will begin transitioning to next stage of capital investments from venture capitalists.
