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Green Light Runner Safer traffic light changer for emergency responders There are currently no reviews for this Innovation.
| Green Light Runner
Safer traffic light changer for emergency responders |
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The only automatic traffic light changer for emergency response vehicles on the market that will be "hack" proofed. |
 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 |
$1 |
$71,000 |
$1.1 M |
1 of 5
In Development
|
3 of 5
Tactical Protection
|
24 29 is
Average
|
| Low Support |
$830,000 |
$4.0 M |
$14.8 M |
| Medium Support |
$7.3 M |
$30.0 M |
$96.7 M |
| High Support |
$19.4 M |
$81.3 M |
$258.0 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$36.7 M |
$152.2 M |
$498.5 M |
1-2 yrs
|
$10k-$100k
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Green Light Runner
- Safer traffic light changer for emergency responders
Final Decision Maker: Municipal Emergency Services Manager
The Green Light Runner automatically changes traffic lights to green for oncoming emergency vehicles. This will reduce traffic accidents caused by emergency vehicles proceeding through red lights. It will also reduce response time for these vehicles as they will not have to drastically reduce speed at these intersections. Other products on the market use an infrared system that can be easily simulated and "hacked" by the general public.
| $100 for 1 sending unit and 1 receiver | Seeking: Purchase |
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* 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.76.032609.011 |
Page 1 of 5 |
Date Posted: 2009-04-08 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Report Assumptions and Inventor(s) Commentary
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| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
100,000 |
30% |
There are 71,000 municipalities in the US and most would have ambulance, fire and police which would be a minimum of e per municipality.
|
| Revenue per First Purchase |
$1,000.00 |
30% |
each unit - receiver and transmitter would be around $100.00 per set. |
| % that will Repeat |
50% |
30% |
Most municipalities would reorder if satisfied with the product. |
| Number of Annual Repeats |
3 |
30% |
As each municipality expands, additional u8nits would be needed. |
| Revenue per Repeat Purchase |
$10,000.00 |
30% |
Average municipality would require at least 50 units. |
| Reseller (Trade) Margin |
N/A |
N/A |
|
| Producer Profit (EBITD) |
11% |
30% |
|
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
Concept stage only |
| Cost to First Sale (remaining) |
$10k-$100k |
30% |
Sourcing equipment $ 10,000
Programming $ 50,000
Patent investigation etc. $ 15,000
Other costs $ 25,000 |
| Time to First Sale (remaining) |
1-2 yrs |
30% |
Sourcing equipment 2 months
Software development 6 months
Prototype and Bata testing $ 4 months
Production and selling 10 months |
| Confidence in Concept Claims made in description |
30% |
No research has been completed. |
Proprietary
Protection Status |
3 of 5
Tactical Protection
|
Concept stage only, no protection has been completed |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
|
|
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| Listing #: USA.76.032609.011 |
Page 2 of 5 |
Date Posted: 2009-04-08 |
| ©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
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| Inventor(s) Sales Goals |
| Minimum Goal |
$100,000 |
Current GOAL |
$0.5 M |
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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 |
$1 |
$71,000 |
$1.1 M |
| Low Support |
$830,000 |
$4.0 M |
$14.8 M |
| Medium Support |
$7.3 M |
$30.0 M |
$96.7 M |
| High Support |
$19.4 M |
$81.3 M |
$258.0 M |
| Ultra High |
$36.7 M |
$152.2 M |
$498.5 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 |
$2 |
$130,000 |
$2.0 M |
| Low Support |
$1.6 M |
$7.6 M |
$27.4 M |
| Medium Support |
$13.9 M |
$56.7 M |
$175.8 M |
| High Support |
$38.0 M |
$149.1 M |
$486.6 M |
| Ultra High |
$70.3 M |
$292.0 M |
$924.5 M |
If PRODUCT/SERVICE Improved (Increase 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 |
$2 |
$130,000 |
$2.2 M |
| Low Support |
$1.5 M |
$7.6 M |
$29.8 M |
| Medium Support |
$12.1 M |
$56.0 M |
$194.4 M |
| High Support |
$32.8 M |
$154.4 M |
$522.5 M |
| Ultra High |
$66.1 M |
$299.8 M |
$986.5 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 |
$4 |
$240,000 |
$4.2 M |
| Low Support |
$2.7 M |
$14.3 M |
$54.7 M |
| Medium Support |
$22.7 M |
$105.0 M |
$350.4 M |
| High Support |
$63.3 M |
$287.0 M |
$978.4 M |
| Ultra High |
$121.2 M |
$544.4 M |
$1.8 B |
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| Listing #: USA.76.032609.011 |
Page 3 of 5 |
Date Posted: 2009-04-08 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Details
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|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
0.8% |
1.2% |
1.7% |
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 |
$1,400 |
$3,900 |
$7,900 |
$12,000 |
| Low Support |
$26,000 |
$68,000 |
$130,000 |
$200,000 |
| Medium Support |
$180,000 |
$460,000 |
$860,000 |
$1.4 M |
| High Support |
$470,000 |
$1.2 M |
$2.3 M |
$3.6 M |
| Ultra High Support |
$920,000 |
$2.4 M |
$4.5 M |
$7.1 M |
| 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% |
% |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
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Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 33429 - Other Communications Equipment Manufacturing |
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| Patent Numbers that apply to this Product/Service |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
0 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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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.76.032609.011 |
Page 4 of 5 |
Date Posted: 2009-04-08 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Forecasts for Other Countries
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|
 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 |
$11,000 |
$170,000 |
| Low Support |
$130,000 |
$640,000 |
$2.3 M |
| Medium Support |
$1.2 M |
$4.8 M |
$15.3 M |
| High Support |
$3.1 M |
$12.9 M |
$40.9 M |
| Ultra High |
$5.8 M |
$24.1 M |
$79.0 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 |
$20,000 |
$300,000 |
| Low Support |
$230,000 |
$1.1 M |
$4.2 M |
| Medium Support |
$2.0 M |
$8.4 M |
$27.2 M |
| High Support |
$5.5 M |
$22.9 M |
$72.5 M |
| Ultra High |
$10.3 M |
$42.8 M |
$140.2 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.76.032609.011 |
Page 5 of 5 |
Date Posted: 2009-04-08 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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