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Prototyping 1st Life Business Concepts In Virtual Worlds Presented by Valiant Westland, CEO Vuturus, Inc - “View The Future With Us!”

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Page 1: Copy of Prototyping 1st Life Business Concepts in Virtual Worlds

Prototyping 1st Life Business ConceptsIn Virtual Worlds

Presented by Valiant Westland, CEOVuturus, Inc - “View The Future With Us!” ™

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Why Prototype

• It makes patenting easierPrior to 1880 you actually had to have a prototype built before it could be patented. While it's not required now, a prototype is a great way to show that you built it first.

• Smooth out your concept or invention's designOnce you build your idea into a prototype, now you can actually test it in real life situations and look out for design or concept flaws.

• Prototypes determine the manufacturing processPrototyping helps you determine what manufacturing processes will be required. Will it be injection molded, ultrasonically welded or die cut?

• Determine the right priceIt's the best time to analyze the design and find ways it can be changed to meet a better cost of manufacturing.

• It makes it easier to license or sell• With a prototype ready, you'll not only be able to explain what the features and benefits of your

invention are, but also be able to get into the numbers to explain the costs of manufacturing, how it will be built, etc. This shows professionalism and companies respect it.

* Place your footnotes here

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Prototyping Steps

Imagine It • Come up with a great idea!• Imagine what it will look like and how it will work

CreateMock-up

• This is a 1st generation concept structure

RefineConcept

• Tweak the design and fill in missing components• Engage professionals / subject matter experts*

* ALWAYS use Non-disclosre agreements (NDAs)!

DemonstrateConcept

• Show your idea to others who would be interested• Potential Clients, Vendors, Investors, Mom

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Example of 1st Life Prototyping Project

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Example of 1st Life Prototyping Project

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Virtual Prototyping Saves Development & Marketing $$$

• Average Prototype Cost$30k

• Average Prototype Marketing Cost$20k – $50k

• 1 Page Add in BusinessWeek 10k

http://images.businessweek.com/ss/08/08/0822_second_life/index.htm

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Virtual Prototyping & Architecture

• Free Viewer App• Multi-user• Realtime• Collaboration• Community• “Low Cost”• Alternative Virtual

World Solutions* Keystone BouchardIndustry Leader

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Do You Have Any Questions?