Photo - Creating a company that will manufacture bioptic scanners
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Creating a company that will manufacture bioptic scanners

Kazakhstan, Almaty
Market: Electronics
Stage of the project: Idea or something is already done

Date of last change: 27.03.2020
Min investment
$  50.000
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Total required
$ 230.000
Rating
equalizer из 1000
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Idea

The customer selects the products they need in the store and puts them in a basket or pocket and passes through a bioptic scanner. The scanner breaks through barcodes not individually, but all at the same time. A list of products will appear on the terminal and the client can pay with a card or in cash. Thus, the client spends just a few seconds scanning products and does not waste time on the queue. Such a product will certainly attract people's attention, because nowadays everyone appreciates their time.

Current Status

Negotiations are underway to create a prototype with an American company that produces scanners. Possible customers examined.

Market

1. Supermarkets
2. Hypermarkets of household appliances and electronics
3. Clothing stores
In each city there are at least 100 supermarkets and a dozen hypermarkets. There are no restrictions for this business. The whole world is open to him. Firstly, such an innovation will attract the attention of customers. Secondly, a supermarket with such a cash register can replace a dozen cash registers with cashiers and save money. Thirdly, it is a convenience for the client.

Problem or Opportunity

Problems to be solved by the project:
1. The queue at the checkout
2. Costs for cashiers, computers, and conventional scanners.
3. Automation
Opportunities:
1.Expansion of sales geography
2.Product Demand Growth

Solution (product or service)

All people are faced with one problem in the supermarket - the line at the checkout. On average, it takes 3.5 minutes to serve one client. If there are 10 people in line, the client will have to wait more than half an hour. In addition, there may be problems with the staff. Thanks to a special program and a bioptic scanner. For this, supermarkets need a large bioptic scanner. All products are scanned simultaneously, and there is no need to waste time scanning products. Therefore, a person spends at the checkout not 3.5 minutes, but only a few seconds.

Competitors

1.Amazon Go: Track and capture products using multiple RFID cameras and scanners. Payment is made in the Amazon mobile application. The first store is being tested in Seattle, America.
   2. Self-service cash desk: the client independently scans barcodes without the help of a cashier and pays at the terminals.
For my competitors, a person needs to pull products out of the cart and punch barcodes separately, and in my case, a person does not have to put products in the cart and pull them out at the checkout, he can immediately put both people in bags or in pockets together with products passes through the scanner, and then, when a person passes through the scanner, the scanner punches all products inseparably, but together. Such an innovative cash desk can replace the top ten cashiers and reduce the queue time. In Kazakhstan, only one supermarket has a self-service cash desk, there is no cashier, and the buyer himself scans the barcodes separately.

Advantages or differentiators

Benefits
1.Product uniqueness
2.Reasonable pricing
3.Ease of use.

Finance

Supermarkets spend $ 200 each on ten cashiers. This is already $ 2,000 only for a monthly salary. Ten computers for 300 dollars and ten scanners for 200 dollars, totaling $ 5,000 plus repair.Money for the development of the prototype is calculating . The price of the scanner will depend on the price of the prototype

Business model

Objectives of the enterprise:
1. Creating a prototype
2. Obtain all necessary regulatory agreements and licenses;
3. Attracting investment in serial production of the product.

Money will be spent on

The first investment will be directed to the development of a prototype. Further investments in the construction of a factory for mass production of scanners.

Offer for investor

1-70%

Risks

Threats:
1.The emergence of new competitors
2.Product copy
Weaknesses:
1.Lack of patent.

Incubation/Acceleration programs accomplishment

Participation in program: Atyrau Hub.

Won the competition and other awards

Creative Spark: finalist.

Photos

Photo 1 - Creating a company that will manufacture bioptic scanners

Product Video

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address