Over Arching Project and Milestones

Presented by Luke Janc

Cowboy Technologies is a business accelerator whose mission is to commercialize university technology through successful start-up companies.

Overarching ProjectCompany Profile

Dr. Jimmie Weaver Meldrum’s Acid Adducts New class of fluorinated

building blocks

So what’s the problem?

Who is the market?

Is this product feasible?

Objectives and Solution1. Conduct surveys2. Analyze the Information3. Follow up4. Build Relationships5. Set up meetings6. Review market research Use Lean Start up

techniques to discover market and product feasibility

March 4th

• Finishing Surveying prospective companies and similar start-ups.

March 25

• Continue to develop Dr. Weaver’s technology, build relationships with R&D departments at multiple companies

April 15th • Have 3 leads for possible customers,

business model completed

May 2nd• Fulfill all objectives given to me by Amy,

Daniel, and Dr. Weaver

Market Research Phase 1- Contacted approximately 500 people

for surveys- received about a 7% success rate. Used resources like Linkedin to research employees within potential clients.

Phase 2- Reached out to 146 contacts at 124 companies to review the product and build a relationship

Phase 3- Was able to set up meetings and conference calls with 4 companies interested in distributing Dr. Weaver’s Medlrum’s Acid Adduct products.

Projected Costs Projected costs were divided into six sections. Any costs that

were time-dependent are based on a 1-year cost. 1. Start-up Costs: $30,781.782. Lab Equipment: $416,0003. Benchware: $80,587.304. Legal and Insurance: $252505. Personnel: $ 161,8006. Utilities & Miscellaneous: $25,960 Final Projection: $740,379.08* *If worked from Cowboy Tech Bay and got supplies through

OSU, the costs would be significantly cheaper.

Reviewing the Data Niche market 1-2 years to completely understand market American chemical distributors who work

primarily with fluorine-based products Companies like that fell into our target

demographic always liked to review our compounds

Conclusion Weaver Labs has Potential Advance Research Chemicals-

More IP’s coming SynQuest Labs/HaloCarbon Conclusion