Diavedic
Let’s enable the right to affordable diabetic care for everyone.
Problem
Mission Statement
My mission is to enable the right to affordable diabetic care for everyone
Affordable, accurate and pain free
One time purchase
Relieves from current invasive methods.
May help lower the risk of diabetes before the onset of complications
Benefits those who cannot afford regular hospital visits
Includes a mobile-based app
Life-changing factor for millions
Market Trends
1
2
3
Product and Flow chart
Competitors
1 = Bad 4 = Good
| Affordable | Non-invasive | Mobile Application | Total | |
|---|---|---|---|---|
| Current Invasive methods using disposable strips | 3 | 0 | 2 | 5 |
| Continuous blood glucose monitor | 2 | 2 | 2 | 6 |
| OMELON Glucose Monitoring System meter | 0 | 4 | 0 | 4 |
| Diavedic | 4 | 4 | 4 | 12 |
Business Model
Financial Projections
Material cost: $30 in bulk
Selling price: $40
Gross Margin: 25.00%
Gross Profit: $10
Markup: 33.33%
VC Funding
➪ Manufacturing cost- $20,000
➪ Engineering team- $10,000
➪ Developer cost- $10,000
➪ Sales team- $7,000
➪ Beta testing- $3,000
Next Steps
Step 1
➪ Add more to the product
Step 2
➪ Test the product on more people
Step 3
➪ Patent the idea
Step 4
➪ Find someone to work with
Step 5
➪ Find an investor
Step 6
➪ Build a dedicated team
How is measuring glucose related to solving diabetes come up with name for product catchy technical ellaborate they will ask questions on business vc funding (know funds) memories confident