Market: Low cost bicycles worldwide.
Product: Cheap automatic transmission for said bikes, same cost as existing gearing or less.
Advantages: For the mass market a replacement part that changes "gear" for you on a hill, otherwise acts like any single speed. This can be built to fit any standard hub or gearing system, any bike in the world.
Project Status: Patented, 7,059,618, two proof-of-concept and five subsequent prototypes including a decent demo for a kids bike.
Special concerns: This product is entirely new, except for a single gear used that people would recognize, it`s a fluid drive. Therefore, to manufacture these at high volume requires some newly designed machinery able to knock them out, and that prototype represents the factory floor version, not a working one-off.
To sell to the `Bigs` this project needs a captial investment of about $200k to have something for companies such as Pacific Cycle, the highest volume dealer of bicycles in America for example, to look at seriously and sign.
Annual sales worldwide is about 35 million bikes a year at this price point. This is a very large potential market for growth. Yet, since it`s entirely new, a utility patent, funding sources that have the knowledge for this type of investment are few and that`s the problem for this small under-capitalized small sole-proprietor business with a big patent to commercialize on.
So, questions to the list ??
I need help in funding for this next crucial step, that of outlining the factory floor spec`s and in making the prototype that would be built by the new machines to put in the hand of the agent to get the license agreement signed.
thanks for all replies,
tom mallard consumer product design custom .net software