a root chopper for producing a natural plant supplement 2.009 blue team december 12, 2005 12/12/05

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Page 1: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

a root chopper for producing a natural plant supplement

2.009 Blue TeamDecember 12, 2005

12/12/05

Page 2: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

12/12/05

Page 3: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Page 4: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

1 minute later…

Page 5: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Scale: 1 grid = 0.25 inches

Page 6: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Page 7: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

10 months later…

Page 8: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

+12% +17%

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Page 9: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical Innovations

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Page 10: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationBent Flail Blades

Increased SafetyIncreased Life

Blade Geometry

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Page 11: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationDetachable Cutting Chamber

Increased Functionality

Easy Access

Constrained Movement

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Page 12: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationToggle Latch

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Page 13: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationSafety Mechanisms

Reed Switch

Motor Braking: 0.13 seconds

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Page 14: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Product RealizationInitial Target Market

Organic Farmers

Small Farmers

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Page 15: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Product RealizationCosts

Cost to Manufacture = $215

Retail Price = $850

NPV Over Next 6 Years = $1.3M

Return on Investment = 76%

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Page 16: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Product RealizationBusiness Plan

First Year Sales: 1000 units

Projected Increasing Sales

Secondary Customers

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Page 17: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Product RealizationConsumer Incentive

Yield Increase

Increase in Sales

Farmer A

5% $700

Farmer B

10% $1,400

Farmer

C

50% $7,000

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Projected sales increase per harvesting season on a 10 acre potato farm

Page 18: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Product RealizationCompetitors

Price per 100 Plants

Plant Success $40.00

BioOrganics $16.00

First Fruits $7.50

InocuPro $2.00

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Page 19: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Page 20: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

AcknowledgementsThank You’s

Dr. Dave Douds, USDA

Prof. Woodie Flowers

Prof. Samir Nayfeh

Prof. Dave Wallace

Dick Fenner

Steve Haberek

Bob Nuttal

Bob Gertsen

Joe Cronin

Chet Reshamwala

12/12/05

Page 21: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Questions?

Page 22: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Bahia Grass

QuickTime™ and aTIFF (Uncompressed) decompressor

are needed to see this picture.

Mychorrizal Fungus

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Product RealizationUSDA Research

Page 23: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationCoffee Grinder

QuickTime™ and aTIFF (Uncompressed) decompressor

are needed to see this picture.

Page 24: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

Technical InnovationElectronics

Page 25: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

food mill

cheese grater

herb mill

chopper

linear grater

Technical InnovationCurrent “Chopping” Methods

Page 26: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

food processor

Technical InnovationCurrent “Chopping” Methods

Cuisinart

Page 27: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Cash Flows Over Time

-600

-400

-200

0

200

400

600

800

1000

1200

1400

NPVof

CashFlows

Quarters

NPV of Cash Flows in Thousands

Periodic Cash Flows

Cumulative NPV of CashFlows

Product RealizationProjected Cash Flow

Page 28: A root chopper for producing a natural plant supplement 2.009 Blue Team December 12, 2005 12/12/05

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Competition Break Even

Plant Success 22.4 Grow Bags 7.5 Acres

BioOrganics 60.7 Grow Bags 20 Acres

First Fruits 154.5 Grow Bags 52 Acres

Product RealizationCost Comparison