I.D. Verification Technology Business Plan


I.D. Verification Technology Business Plan


Bionex, Inc. provides biometric security solutions for Identity Theft, Credit Fraud and other issues. Bionex, Inc. uses our patent pending Exigency Process to differentiate itself. This method processes and expresses details of each person’s fingers as an unique algorithm. It is not like matching them with a stored image in a database. This process will eliminate the need for millions upon millions of individual fingerprint images stored in a database. It will also lower operating costs and maximize system efficiency. Our process will allow for seamless integration of biometric security into existing systems, and enable secure virtual transactions.

The market opportunity for this technology is huge and subject to high growth trends. A number of reasons are behind the projection that the biometric identification market will exceed $4.04billion within two years. Over $47 billion was spent last year by the banks and government on credit and identity theft. In addition, new legislation in the health care industry and rising security concerns attributed to terrorism will expand the need for biometric devices in the Healthcare and Transportation sectors. Bionex will provide a variety of biometric solutions to complement our Exigency Process, facilitating biometric accuracy in all environments and ensuring security.

Potential competitors include the Biometric Access Corporation (BAC), Bio Pay, Identix, Pay by Touch and Touch Credit. Recent exits from this market include Bioconx and Infineon which failed largely due to over-reliance on the image enrollment system. Bionex, Inc. enjoys several key competitive advantages over the competition, including:

  1. Our solutions do not require any system or application modifications, and can be seamlessly integrated into any existing platform.
  2. Our products ensure privacy for users and remove the need to have a corporate-based or government-based database system.
  3. Our technology is a licensable design that can be integrated into OEM systems and products.

The marketing plan for Bionex is designed to attract new customers and capture new markets. Through strategic contacts we will gain positive national publicity in Wired Magazine & Business Week Magazine. Also, positive national system reviews by ZDNET, CNET, and ZDNET. Bionex will attract financial licensing and banking contracts through complimentary testing, upgrades, POS systems and other services. Bionex will be initiating retail distribution agreements through our valuable contacts with CompUSA and BestBuy.

Our management team has extensive experience with technology development, marketing, finance, and customer service. Senior executives have industry specific expertise in fraud control, transaction processing, and POS payment systems. Finance Majors are well-versed within the financial services and biometric industries. He is a proven entrepreneur and is joined by a team of seasoned veterans from virtually every discipline in the technology and financial services sectors.

The company anticipates huge sales for year three and a substantial net profit. Bionex anticipates quadrupling sales and hugex4 in revenue for year five. The company can be profitable in the first year, provided there are no problems with credit cards licensing agreements or retail distribution contracts.

Bionex Inc. will be able to make, before plan, capital investments over the next six months in order to achieve operational improvements that scale to support expected growth.

1.1 Mission

At Bionex, Inc. our main priority is to provide customers and business partners with unparalleled security and reliability. The following are three areas that our security solutions cover in data security

  • Protection Bionex’s security systems only allow users to be identified by their fingerprints alone. Our Exigency Process guarantees that there are no data at risk of theft or loss.
  • Privacy The Exigency Processing converts fingerprints in complex mathematical algorithms, which are only available for fractions seconds.
  • Flexibility – Our solutions are developed to operate over any mix of network and system infrastructures, enabling seamless integration into existing systems.

1.2 Keys to Success

  1. All patent applications complete and approved.
  2. To fully fund prototype production and start up development, obtain initial private investment capital.
  3. Sign up for an implementation contract to help a financial institution and government branch.

  • Steady Research and Development funding in order to maintain a diverse product portfolio.
  • In order to reach new markets and customers, it is important that you focus on marketing campaigns.

    • 1.3 Objectives

    1. Receive capital injection during the first year.
    2. In just three years, huge sales can be generated
    3. BioXert verification system widely used transactional tokens by the year five.
    4. The BioVert device will be the top-selling biometric device in five years.
    5. International expansion requires licensing and distribution of products and solutions by the sixth year.

    Technology Investment Business Plan


    Technology Investment Business Plan


    The Center for Technology and Investment (CTI) is a company devoted to bringing investment in technology within reach of rural small business owners. This company was founded on the belief that rural small businesses are in dire need of technology consulting and experience. However, they don’t have the resources to hire large multinational companies to do the job.

    Through innovative funding sources, including grants and charitable contributions made by the owner’s company and by individuals who are interested in helping rural Oregon develop economically, CTI will become an innovative new force in rural Oregon.

    CTI&#8217’s management team is comprised of Bill Franklin. Over 35 years of technology development in Silicon Valley, Mr. Franklin was also one of the first Electrical Engineers at the Stanford Research Institute (SRI). Mr. Franklin is a leading expert in the general field of technological advancement, and has owned several businesses during his lifetime, including two that he sold for a profit.

    CTI’s services are available in all areas of Oregon. If the company expands, they will likely expand into the rural West. Over 45,000 small, rural, mom-and-pop businesses are located in the Western United States. Many of them have very limited or no experience with high tech and don’t know how to find alternative funding sources.

    The purpose of this investment business plan is to help formalize the business strategy, as well as to provide evidence that CTI is a worthy investment for a $10,000 open line of credit from X bank. This open credit is to provide cash flow management and a $10,000 loan to start with CTI.

    1.1 Objectives

    By the end of Year 1, approximately 500 clients will be served by the Center for Technology and Investment. At least 50% of these clients will have purchased products or services from the Center for Technology and Investment by Month 4.

    Here are some financial goals.

    • Within the first year achieve a 25% contribution margin on books, software, academic materials, and other products.
    • Keep service revenue costs below 20%
    • From Month 1 to Month 12, net revenue increased 350%
    • 30 % net revenue margin in year 1, 35% in year 2.

    1.2 Mission

    The Center for Technology and Investment (a non-profit organization) was founded to assist rural small businesses in using technology more efficiently. The company’s charter is based on evidence that many rural small business owners simply don’t have the resources or connections to use technology wisely. Our goal is to help small business owners bridge this gap by providing training and education on how to best use technology to make the most of their resources and maximize the potential for their businesses.

    When all of its clients reach growth rates exceeding 20%, the organization will have fulfilled their mission.

    1.3 Keys for Success

    Here are some key points to success.

    • Focus on your target market. Go deeper into the demographics.
    • Intricate planning and execution. Quarterly seminars need to be thoroughly researched, with accurate costs understood and fresh content maintained.
    • Retainer consultation must be at a low price to rural business owners. It must also represent a small percentage of any SBA grants or other funding that the business owner gets. CTI must continue to be a consultant, not as a broker in SBA or other funding.
    • Financials need to be maintained at the top, due to the nonprofit status of an industry that is largely for-profit.


    Information Technology Business Plan


    Information Technology Business Plan


    Information Management Hawaii, Inc. (IMH), by focusing its strengths, its key clients, and the underlying principles they need, will increase sales steadily for the first three year. The gross margin on sales will be maintained while the focus is on cash management, and working capital.

    This business plan is the key to success. It renews the vision and strategic focus of our company: adding value to target market segments and strengthening our ties to local businesses. It also provides the step-by-step plan for improving our sales, gross margin, and profitability.

    This plan includes the following summary, chapters on company, products and service, market focus, action plan and forecasts, management, and the financial planning.

    1.1 Objectives

    1. Get healthy earnings (EBIT), within the first year.

    2. Maintain a midrange gross margin throughout the entire operation.

    3. Keep just-in-time inventory levels (JIT) or 11 rotations per year.

    4. In the second and third year, sales will increase slowly but steadily.

    1.2 Mission

    To provide the Hawai’i business community with quality brand-name Information Technology business information solutions, reliable and professional Technical Support, and unparalleled Customer Service through the application of the principles of Kina`ole and heartfelt aloha, and to earn a fair profit for our employee-owners and stakeholders by embracing sound, ethical business practices.

    1.3 Keys to Success

    These are the keys to our success:

    • Establishing and maintaining strong strategic alliances with our manufacturing partners and other business partners in the industry;

    • Adopting a customer and market-focused marketing and sales paradigm.

    • Manager of the business, implementing and continuously measuring and adapting the fundamentals a Balanced Scocard.

      • Financial Goals vs. Results

      • Internal Business Process Goals vs. Results

      • Employee Learning and Growth Goals vs. Results

      • Customer Satisfaction Goals vs. Results


    ASP B2B Technology Business Plan


    ASP B2B Technology Business Plan


    Discover Productions, Inc., (Discover Productions), a technology consulting company for business-to–business (B2B), provides turnkey computing solutions that are based on the most current technology and use Web-based applications. Discover Productions, Inc. offers state-ofthe-art software, hardware, remote support, training and system support. Future plans include the development of their own B2B Web application. In June 2000, the company will release their first product.

    Discover Productions is an Ohio-based company. Its mission is to equip businesses with the technology necessary to be successful in a Web-based marketplace. Discover Productions offers a new perspective on B2B Technology Consulting by using state-of the-art equipment and the required technical expertise.


    Services Plan

    • Turn-key B2B Computing Solutions. The company is currently providing small to mid-sized businesses with Web-based computing solutions utilizing state-of-the-art technology.
    • Hosting services. The company provides hosting services to ASP businesses and generates over $200,000 in revenue.
    • Internet Sale. Currently, we have more than 300,000 in Internet sales through hosting, eCommerce, and Web development. This is for small-to-medium-sized businesses.
    • Computing Solutions. To increase our computing revenues, we will sell more computers, provide support and services to more customers than $450,000.
    • Web-based Applications. We develop, market, sell and support our own Web-based B2B apps.

    Marketing

    The company’s marketing strategy is built on the belief its products and services offer a value-added method of understanding, qualifying, and interpreting the complex world of technology markets and the computer industry. The company plans to use search engine portal advertising and pay-per-click advertising banners on strategically located websites in the computer field to implement this strategy.

    Management

    Discover Productions has a world-class team of management with direct industry knowledge, extensive research experience, as well as a unique perspective for B2B technology. Its leadership team includes Mr. Edward Jones, CEO and Mr. Jacob Manuel as CIO.

    Financials

    The company is seeking initial round funding in an amount of $914900 to help with staffing, buying software and hardware computing equipment, as well office costs. The company also seeks second round funding of $3 million to develop B2B Web-based apps and their Educational Application Software. Projected revenues for 2000 to 2002 are $1 million, $16 million, and $45 million, respectively.

    1.1 Mission

    Discover Productions was founded to offer businesses turn-key computing solutions that use the most recent technology. They also provide superior customer support and training to help them take their company’s infrastructure into the future.

    1.2 Keys to Success

    • Strong technical experience
    • Effective management leadership
    • Quality service and support