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Team:Calgary Entrepreneurial/Project/Model
From 2013.igem.org
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Milestones
Ensuring that we achieve success in a timely manner it is vital to the success of FREDsense. We have strategically planned our actions going 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 Ongoing Plan
Pushing FREDsense forward relies on an aggressive set of key milestones that we will need to meet over the next 5 years. Meeting these challenges will help put FREDsense in a powerful position to solve problems and build better biosensors. These milestones are broken down into 1, 3, and 5 year goals.
Year One
We will find ourselves continuing the development of our technology and strategical protecting our positioning in the market through intellectual property.
Funding Source: Grants, Company, Private Investment
Milestones: Prototype Development, Patent, Licensing Agreements/Partnerships, Regulatory Assessment
Year Three
Funding Source: Angel Investment, Grants
Milestones: Prototype Validation, Manufacturing Contracts, Pre-sales, Product Demonstration, Regulatory Approval
Year Five
Funding Source: Venture Capital Funding
Milestones: Capture 30% of Market, Product Diversification, Expand to USA
