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Shoe Power Generator power producing shoe for hikers There are currently no reviews for this Innovation.
| Shoe Power Generator
power producing shoe for hikers |
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The device scavenges power from the shoe & that power is converted to electricity for powering pedometers & charging mobile devices. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$1 |
$51,000 |
$490,000 |
2 of 5
Successful Prototypes
|
2 of 5
Patent Pending
|
38 29 is
Average
|
| Low Support |
$690,000 |
$2.2 M |
$5.4 M |
| Medium Support |
$5.9 M |
$16.0 M |
$33.3 M |
| High Support |
$16.2 M |
$43.7 M |
$89.9 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$30.7 M |
$79.8 M |
$164.7 M |
1-2 yrs
|
$100k-$1M
|
Shoe Power Generator
- power producing shoe for hikers
Final Decision Maker: Hikers
The invention uses a piezoelectric material, meaning electricity generated from physical force, which can be inserted into a shoe in order to produce bursts of electricity. The testing of this material has shown that consistent power outputs of 2- 20 mWs are possible. The benefit of this invention is that it provides enough energy, that is scavenged from movement not produced on the grid, to power small devices when the user is away from an able power source.
The wide array of applications available are: safety lights on the shoes, powering pedometers or GPS units within the shoe, powering any kind of micro-device, and storing power for additional use later to charge small hand-held electronics like mobile phones.
This invention has several technical advantages over other mobile power sources like batteries,and solar panels. It is a very simple set up that works on compression and there are no complex bimorphs, which makes other energy scavenging materials, more problematic. The material being used is light weight, so it is not noticeable for the user and the piezoelectric material requires no voltage bias. Most importantly it is low cost and ecological. The material costs $.02 a shoe and there are no toxic chemicals involved.
This invention would be best used by existing shoe manufacturers as a way for them to gain a competitive edge in their market by producing a shoe that has extra utility. There is already a working prototype and it is continuing to function with noticeable problems, power outputs and consistency have been increasing with further development.
| $11 for one heel insert | Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D |
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* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.040209.015 |
Page 1 of 5 |
Date Posted: 2009-04-09 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Report Assumptions and Inventor(s) Commentary
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
48,000,000 |
30% |
These numbers come from a report published by the Sporting Goods Manufacturers Association.
|
| Revenue per First Purchase |
$22.00 |
20% |
The COGS for these units is $6.75 & $11 provides a profit. $22 can get a unit in two shoes, $11 in one and $44 is two pairs for someone purchasing back-ups. |
| % that will Repeat |
30% |
20% |
Assumes that one-third of hikers must replace boots each year. |
| Number of Annual Repeats |
1 |
30% |
Assume most will purchase one additional pair per year and some will buy two pairs as a back-up or as a gift. |
| Revenue per Repeat Purchase |
$22.00 |
30% |
Assume most will purchase one additional pair per year and some will buy two pairs as a back-up or as a gift. |
| Reseller (Trade) Margin |
35% |
40% |
Industry ratios indicate that gross profit for sporting good stores is between 30 to 40%. |
| Producer Profit (EBITD) |
38% |
20% |
This is based off the $11 price and $6.75 COGS per unit. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Working prototype and preliminary testing completed. |
| Cost to First Sale (remaining) |
$100k-$1M |
30% |
Material is very low cost and it's not a heavily complex process. Limited R & D is needed to get the power to the application. Most of expenses will be marketing. |
| Time to First Sale (remaining) |
1-2 yrs |
30% |
What's needed is limited testing and developing - that doesn't have to take a long time. |
| Confidence in Concept Claims made in description |
60% |
Working prototype built and tested at Louisiana Tech University by the inventor, Dr. Ville Kaajakari. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Patent application has been filed. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
 |
|
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
 |
|
|
| Listing #: USA.76.040209.015 |
Page 2 of 5 |
Date Posted: 2009-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
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|
| Inventor(s) Sales Goals |
| Minimum Goal |
$100,000 |
Current GOAL |
$1.1 M |
This is a snap shot of a video showing Dr. Kaajakari stepping down on the shoe, the LED lights are lit up showing that the heel inserted device is charging them. |
|
CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$51,000 |
$490,000 |
| Low Support |
$690,000 |
$2.2 M |
$5.4 M |
| Medium Support |
$5.9 M |
$16.0 M |
$33.3 M |
| High Support |
$16.2 M |
$43.7 M |
$89.9 M |
| Ultra High |
$30.7 M |
$79.8 M |
$164.7 M |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$80,000 |
$750,000 |
| Low Support |
$1.1 M |
$3.4 M |
$8.3 M |
| Medium Support |
$9.2 M |
$25.0 M |
$50.8 M |
| High Support |
$25.5 M |
$67.7 M |
$135.5 M |
| Ultra High |
$48.1 M |
$125.6 M |
$251.2 M |
If PRODUCT/SERVICE Improved (Increase Repeat Rate & Number of Repeats by 30% and Revenue Per Purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$63,000 |
$600,000 |
| Low Support |
$870,000 |
$2.7 M |
$6.8 M |
| Medium Support |
$7.2 M |
$19.8 M |
$41.6 M |
| High Support |
$20.5 M |
$54.7 M |
$112.3 M |
| Ultra High |
$37.1 M |
$100.9 M |
$205.9 M |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$100,000 |
$920,000 |
| Low Support |
$1.3 M |
$4.2 M |
$10.1 M |
| Medium Support |
$11.4 M |
$30.5 M |
$62.8 M |
| High Support |
$31.6 M |
$83.0 M |
$168.1 M |
| Ultra High |
$60.9 M |
$156.9 M |
$314.7 M |
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| Listing #: USA.76.040209.015 |
Page 3 of 5 |
Date Posted: 2009-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Details
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| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
2.9% |
5.1% |
7.6% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$1,700 |
$5,000 |
$11,000 |
$15,000 |
| Low Support |
$29,000 |
$75,000 |
$140,000 |
$230,000 |
| Medium Support |
$200,000 |
$500,000 |
$960,000 |
$1.5 M |
| High Support |
$570,000 |
$1.4 M |
$2.6 M |
$4.2 M |
| Ultra High Support |
$1.0 M |
$2.5 M |
$4.8 M |
$7.6 M |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
N/A |
| Low Support (Small Company) |
20% |
10% |
2% |
% |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 45111 - Sporting Goods Stores |
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| |
| |
| |
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| Patent Numbers that apply to this Product/Service |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
10 |
| GRANTED Patents |
3 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
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CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
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| Listing #: USA.76.040209.015 |
Page 4 of 5 |
Date Posted: 2009-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$8,100 |
$77,000 |
| Low Support |
$110,000 |
$350,000 |
$860,000 |
| Medium Support |
$930,000 |
$2.5 M |
$5.3 M |
| High Support |
$2.6 M |
$6.9 M |
$14.3 M |
| Ultra High |
$4.9 M |
$12.6 M |
$26.1 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$0 |
$14,000 |
$140,000 |
| Low Support |
$190,000 |
$620,000 |
$1.5 M |
| Medium Support |
$1.7 M |
$4.5 M |
$9.4 M |
| High Support |
$4.6 M |
$12.3 M |
$25.3 M |
| Ultra High |
$8.6 M |
$22.4 M |
$46.3 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.040209.015 |
Page 5 of 5 |
Date Posted: 2009-04-09 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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