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GermKiller Exercise Equipment Sterile weights and machines for health clubs and gyms There are currently no reviews for this Innovation.
| GermKiller Exercise Equipment
Sterile weights and machines for health clubs and gyms |
|
A coating that creates a long-lasting, germ killing surface that can be applied to sports and exercise equipment, medical devices and surfaces, and computer keyboards. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$0 |
$2,300 |
$20,000 |
1 of 5
In Development
|
2 of 5
Patent Pending
|
29 29 is
Average
|
| Low Support |
$33,000 |
$95,000 |
$220,000 |
| Medium Support |
$300,000 |
$690,000 |
$1.3 M |
| High Support |
$820,000 |
$1.9 M |
$3.6 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$1.6 M |
$3.6 M |
$6.9 M |
3-5 yrs
|
$1M-$10M
|
GermKiller Exercise Equipment
- Sterile weights and machines for health clubs and gyms
Final Decision Maker: Health clubs and gyms
This technology combines the strength of carbon nanotubes and the germ killing power of natural enzymes to produce long lasting films that keep surfaces sanitary. There has been growing concern about contaminated public surfaces spreading infections such as staph. Shared and public surfaces such as sports equipment, computers and hospital equipment can build up infectious levels of these dangerous microbes, putting the public health at risk. This analysis studies the market for shared exercise equipment. Typical germ killing products typically don't last, either because a temporary treatment is used (such as a cleaner) or the coating used rubs off over time. By combining carbon nanotubes with the killing agent, strength is added to the coating so that it remains on the surface. The active killing agent also is long lasting, and functions in a way so that it does not create resistant bacteria. Lab testing at Auburn University has demonstrated that these strong surfaces are capable of killing staph bacteria on contact. An ability to change the properties of the coating has also been shown. A variety of methods of production and application are envisioned, and research is ongoing. These novel coatings could also potentially be used with other compounds with desirable properties. US and PCT patents are pending. The lead inventors have extensive experience and success in both nanotechnology and enzyme chemistry.
| $2,000 for one set of hex dumbells | Seeking: Purchase |
|
* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.040909.019 |
Page 1 of 5 |
Date Posted: 2009-04-13 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Report Assumptions and Inventor(s) Commentary
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
23,500 |
50% |
MOST LIKELY: There are 23,500 health clubs in the US: http://www.goldsgym.com/golds/franchising/facts.php
High: accounts for other large buyers, e.g. rehab centers. Low: estimate
|
| Revenue per First Purchase |
$4,000.00 |
40% |
Typically, sets of hex dumbells sell for about $2000. Two sets would be needed for a moderately sized health club. Others may purchase only 1; others, 4 or more. |
| % that will Repeat |
N/A |
N/A |
|
| Number of Annual Repeats |
N/A |
N/A |
|
| Revenue per Repeat Purchase |
N/A |
N/A |
|
| Reseller (Trade) Margin |
50% |
30% |
Based on data provided. |
| Producer Profit (EBITD) |
14% |
30% |
MOST LIKELY based on data provided for coating manufacturing and athletic goods manufacturing (both at 13.8%); high and low end are estimates. |
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
Films have been produced with carbon nanotubes and lysozyme on a lab scale. Robust physical properties have been retained and antimicrobial properties have been demonstrated. |
| Cost to First Sale (remaining) |
$1M-$10M |
20% |
Further development, testing and manufacturing scale-up is needed. |
| Time to First Sale (remaining) |
3-5 yrs |
20% |
Further development, testing and manufacturing scale-up is needed. |
| Confidence in Concept Claims made in description |
40% |
Factual statements of work done thus far. Claims on property of final products have been limited. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
US and PCT non-provisionals have been filed (not published). In-house patent attorney felt confident enough in claims to help green light filing at university expense. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.040909.019 |
Page 2 of 5 |
Date Posted: 2009-04-13 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$1 M |
Current GOAL |
$10 M |
Micrograph of germ killing films. These films have been shown to kill staph on contact. |
Inventor(s) Commentary:
Number of years experience information provided is a combined value for the two lead inventors. Also, this invention has been featured in an article on MSNBC.com:
http://www.msnbc.msn.com/id/25838829/wid/26076327/page/2/ |
|
CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$2,300 |
$20,000 |
| Low Support |
$33,000 |
$95,000 |
$220,000 |
| Medium Support |
$300,000 |
$690,000 |
$1.3 M |
| High Support |
$820,000 |
$1.9 M |
$3.6 M |
| Ultra High |
$1.6 M |
$3.6 M |
$6.9 M |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$4,100 |
$35,000 |
| Low Support |
$58,000 |
$160,000 |
$370,000 |
| Medium Support |
$540,000 |
$1.2 M |
$2.3 M |
| High Support |
$1.4 M |
$3.3 M |
$6.1 M |
| Ultra High |
$2.7 M |
$6.3 M |
$11.6 M |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$4,000 |
$35,000 |
| Low Support |
$58,000 |
$170,000 |
$370,000 |
| Medium Support |
$540,000 |
$1.2 M |
$2.3 M |
| High Support |
$1.4 M |
$3.4 M |
$6.1 M |
| Ultra High |
$2.8 M |
$6.3 M |
$11.5 M |
|
| Listing #: USA.76.040909.019 |
Page 3 of 5 |
Date Posted: 2009-04-13 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Details
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
1.1% |
1.6% |
2.1% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$19 |
$54 |
$110 |
$160 |
| Low Support |
$340 |
$800 |
$1,400 |
$2,400 |
| Medium Support |
$2,400 |
$5,300 |
$9,100 |
$16,000 |
| High Support |
$6,800 |
$15,000 |
$25,000 |
$44,000 |
| Ultra High Support |
$13,000 |
$28,000 |
$47,000 |
$83,000 |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
N/A |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 32551 - Paint and Coating Manufacturing |
| 33992 - Sporting and Athletic Goods Manufacturing |
| 45111 - Sporting Goods Stores |
| |
| |
|
| Patent Numbers that apply to this Product/Service |
| Pending (not published) |
| |
| |
| |
| |
|
| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
47 |
| GRANTED Patents |
8 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
|
For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
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CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
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| Listing #: USA.76.040909.019 |
Page 4 of 5 |
Date Posted: 2009-04-13 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
|
|
 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$370 |
$3,200 |
| Low Support |
$5,200 |
$15,000 |
$34,000 |
| Medium Support |
$48,000 |
$110,000 |
$210,000 |
| High Support |
$130,000 |
$300,000 |
$570,000 |
| Ultra High |
$250,000 |
$570,000 |
$1.1 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$650 |
$5,700 |
| Low Support |
$9,300 |
$27,000 |
$61,000 |
| Medium Support |
$85,000 |
$200,000 |
$380,000 |
| High Support |
$230,000 |
$530,000 |
$1.0 M |
| Ultra High |
$440,000 |
$1.0 M |
$1.9 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.040909.019 |
Page 5 of 5 |
Date Posted: 2009-04-13 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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