engagr - startup weekend pasadena 2014

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2014 PASADENA STARTUP WEEKEND Alberto Tam Yong Joel Steres Jose Soto Raj Acharya Wei Liu 1

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Page 1: Engagr - Startup Weekend Pasadena 2014

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2014 PASADENA STARTUP WEEKEND

Alberto Tam Yong Joel Steres

Jose SotoRaj Acharya

Wei Liu

Page 2: Engagr - Startup Weekend Pasadena 2014

You worry as a teacher and a parent..

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Overall Engineering0%5%

10%15%20%25%30%

% Increases in Jobs 2010 - 2020 Only 16% of high

school students are interested in STEM Career!!

Will students get employed graduation?

Page 3: Engagr - Startup Weekend Pasadena 2014

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Students aren’t interested in STEM due to perception of difficulty and unfamiliarity

- Most students lose interest in STEM in middle school

- Perception that it is difficult

- Unfamiliarity

Page 4: Engagr - Startup Weekend Pasadena 2014

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•Inspire students in STEM•Hands-on educational products•Easy to use •Fun•Affordable

Engagr’s Mission

Page 5: Engagr - Startup Weekend Pasadena 2014

Sample Product For a Middle School Student

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Engagr

Robot!Emphasizes Learning

Affordable - $50

Simple to program and assemble

Inspirational / Fun

Page 6: Engagr - Startup Weekend Pasadena 2014

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Robots that emphasize learning

Affordability

Ease

of

Use

Page 7: Engagr - Startup Weekend Pasadena 2014

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Business Model• Variable Cost (Material and Labor): $15• Customer Acquisition: $10• Revenue per Unit: $50• Gross Profit Margin: 50%

Page 8: Engagr - Startup Weekend Pasadena 2014

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US Market Size

Toys and Games

Educational Toy

ENGAGR

•$23B

•$5B

•$25M

Page 9: Engagr - Startup Weekend Pasadena 2014

STEM Education Industry is Growing and is Gaining Momentum

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Obama has dedicated $170 million for STEM innovation in 2015

Page 10: Engagr - Startup Weekend Pasadena 2014

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Go to Market

Schools

• Develop Partnership with schools

• Tie products with Next Generation Engineering Standards

Parents

• Market Niche products• Online Campaign • Seek media coverage

Page 11: Engagr - Startup Weekend Pasadena 2014

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Operational PlanQ2 Q3 Q4 Q1 Q2 Q3

2014 2015

Customer Validation

Raise Capital

Online Campaign

Product Development

MVP

Launch Product

Amazon Store

Source Suppliers

Partner with Schools

Develop Marketing Material

Page 12: Engagr - Startup Weekend Pasadena 2014

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Q&A

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