Division:South/North America
Field:Other
Project Evaluation:15 Financing Amount:Secret Cede Share:Secret
We offer Virtual Reality based Hardware & Software solution to Enterprises in the Manufacturing & Industrial domain for their training and simulation related requirements. These enterprises spend a huge amount of money towards their training related activities through their existing process and in some cases the costs go up to 5% of their total turnover. We help them in reducing these costs to more than 50% on their current expenses by providing them a VR based Hardware and Software solution customized and tailor made to suit their needs.
Our primary innovation in technology with respect to the Hardware has three distinct qualities up and ready for a patent. We are designing the world's first fold-able VR Headset for smartphone so that its easier to access and use. We also have a lens adjuster on the device which lets the users try different smartphones irrespective of the make and model. The last but not the least is the design wherein which the users will be able to use the VR Headset even with their glasses on which avoids the users from experiencing motion sickness even after prolonged usage of the device.
Our target customer base consists of large manufacturing companies with a workforce of more than 100 people. As of 2017 the worldwide training and development market stands at $100 Billion, whereas the Indian market stands at $1 Billion per year and is expected to become an over $20 Billion market annually.
We currently have 2 founders working full time on the project. We right now outsource the development and manufacturing process since we are boot strapped and will be able to expand as we progress.