Eer Tech Ventures : Eer Power Bank / Muhammad Aidil Akmal Mazlan...[et al.]

• Main Authors: Mazlan, Muahmmad Aidil Akmal, Muhammad Fauzi, Nurliyana Najwa, Ibrahim, Muhammad Afif, Baharin, Muazzam
• Format: Entrepreneurship Project
• Language: English
• Published: 2019
• Subjects: Planning. Business planning. Strategic planning; Production of electricity by direct energy conversion
• Online Access: http://ir.uitm.edu.my/id/eprint/35521/1/35521.pdf; http://ir.uitm.edu.my/id/eprint/35521/

This business proposal presents an overview of business description, activities and goals for EER Power Bank within three (3) years forecasted business period. EER Tech Ventures start up the business in Shah Alam, which is a developing city. Our mission is to invent products that captures and stores kinetic energy created from movements like walking, running and cycling and uses it to recharge our mobile devices. Our company guarantees that our product is an eco-friendly product as our vision is not only to provide technology to people but also creating technology that could conserve energy. EER Tech Ventures operating at Taman Perindustrian Bukit Raja Selatan, Shah Alam from Monday to Friday for 12 hours (10 a.m – 10 p.m). Our product which is EER Power Bank can ensure that the power bank can be more helpful for people in a critical moment. EER Tech Ventures aims to penetrate the market with 15% of market share among its main competitors which are Xiomi, Pineng and Qualcomm with averaging the forecast sales of RM96,070.00 monthly and it would generate about RM 1,152,840.00 sales revenue in the first year. The business will experience 5% and 10% increment in sales revenue and working capital for the second and third year of business. The total project implementation cost for RM 36,951.00. The financial resources will consist of a ten – year small medium ventures loan equal to RM 36,951.00 and the remaining will acquire from business equity (partner’s contribution). In order to ensure the business will experience sustainable growth, EER Tech Ventures plans to develop its new product which is an automatic dustbin robot.