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REFRESHING MEMORY GLASSES (RMG)

Executive summary

Problems/Threats

Opportunities

To come up with something to help the patient remember

Permanent cure has been discovered

Stronger competitors

To help the patient recognize loved ones

Failure of the product

To make something that helps with day to day activities.

Executive summary

Strengths

Weaknesses

Our Product has facial recognition software to help remember your loved ones

It might be expensive

It may not accessible to everyone

It contains a memory card and wireless charging

It also contains a hearing aid

PROBLEMS

PROBLEMS

Problems we face vs Problems the patients face

  • Patients can't remember names or faces of loved ones.
  • They forget to do daily activities and poor decision making.
  • They keep repeating themselves.
  • They have many mood changes
  • We have to keep reminding them for everything.
  • We keep having the same conversations as they repeat.
  • We don't know how to act around them due to the mood changes.

SOLUTION

  • These glasses help the patient recognize people
  • They remind them of daily activities like the prayer time, medicines, etc.
  • They help the patient remember details to cease repetition.
  • Easy access to the information
  • Portable and light

SOLUTION

To solve the previously mentioned problems we decided to come up with these glasses.

How it works?

  • These basically have a powerful facial recognition in them.
  • It also have a memory chip, bluetooth and wi-fi connections.
  • It also has hearing aids.
  • It has additional add-on frame to help with the visually impaired.

Model

Charging

  • They also have the feature for wireless charging making it portable and easy to use.
  • They have a motion sensor in them so the system is turned off below a certain angle to conserve battery.
  • They have mini solar panels on the sides in case the battery runs out.

Charge

MODEL DESIGN

Design

Design 2

WHY ARE WE THE BEST?

WHY ARE WE THE BEST?

Our Product is made from eco-friendly materials.

Our glasses has an additional add-on to help people with vision problems

The product contains an advanced facial recognition software that helps the patient in identifying and remembering.

GOAL

We plan on helping Alzheimer's patients by making their lives easier with our product

GOAL

KEY PARTNERS

KEY PARTNERS

IT engineers

Electronic stores

Healthcare centers

TARGET MARKET

Alzheimer's patients

Old people

People with memory problems

TARGET MARKET

MISSION VS VISION

Mission statement

To provide glasses to the patients

To provide our customers with required information about our product

To provide optimal methods in healthcare services considering the demands of the consumers and trying to apply new technologies for effective treatments (Glasses)

Vision statement

Providing an affordable price for our customers

Adding some features to keep personal information being used by more than one person. Such as, using eye print feature

Values: Innovation, philanthropy and diversity

A world where people with Alzheimers disease can live peacefully

STRATEGY

#4

#3

#1

#2

STRATEGY

TIMELINE

June 2020

April 2022

February 2022

September 2019

Beta version launch

Prototype,

5 test runs,

Complete version launch,

prototype add-ons

Complete Add-ons and extra pieces.

Bug fixes and software updates

Estimated market

$ 1.2 M

Estimated market

Annually and growing

Financial summary

Year 2

Year 1

Revenue

$2,000,000

$800,000

Financial summary

Expenses

$200,000

$500,000

Gross profit

$600,000

$1,400,000

SG&A

$100,000

$200,000

Net profit

500,000

$1,200,000

FOCUS TOPICS

FOCUS TOPICS

#3

#1

#2

Worldwide shipping

Customer feedback,

3 year minimum warranty

Minimum Cost - 5000 Dhs

Due to the expensive materials used in the production.

FINANCIAL PROJECTION

FREQUENTLY ASKED QUESTIONS

FAQs

  • Can you tell me a story about a customer using your product?
  • What will your market look like in 5 years as a result of using your product or service?
  • What inspired you to invent this product?

OUTLINE

Outline

I Executive summary

  • SWOT analysis
  • Problems
  • Solutions (Model and design)
  • Why are we the best?

II Goal

  • Key partners
  • Target market
  • Mission vs Vision

III Strategy

  • Timeline
  • Estimated market
  • Financial summary and projection
  • Focus topics

IV FAQs

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