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Intelligent Hap Solutions Inc. Business Plan: Haptic Technology for Educational Applications

Authors: AbdulHussein, Ali;

Intelligent Hap Solutions Inc. Business Plan: Haptic Technology for Educational Applications

Abstract

Haptic technology has been utilized since 1952 in various industries. This technology is based on providing feedback, mainly force feedback, to users performing various tasks. For instance, in the video gaming industry, where haptic technology has been utilized widely, a player can feel the reaction of his actions when playing the game. They can feel how hard it is to kick a soccer ball or turn a racing car. This business plan, developed for Intelligent Hap Solutions Inc., a start-up company, investigates the application of haptic technology in the education industry. A product, HapChem is proposed, which will enable chemistry students, both in high school and university, to build compounds and form reactions using a robotic arm with haptic technology. Using HapChem, students can feel the weight, and other properties of compounds as well as the reaction characteristics. The business will require initial private capital investment from both the founders and from angel investors. The venture is projected to break-even with 4 years and produce a stage appropriate risk-adjusted return on investment for its investors.

Country
Canada
Related Organizations
Keywords

Rate of return, ROI, chemistry, sport, Angel, Haptic, Feedback

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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