Three innovation challenges



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coaster chargers

MISSION STATEMENT




Product description

  • Charging coasters are nothing new, but what about one that charges wirelessly and doesn't require traditional chemical batteries? When not in use simply place the coaster in its charging base to recharge.

  • The nature of this phenomenon is that a temperature differential in a conducting medium induces heat transfer, which causes charge carriers to disperse.

  • A voltage differential is generated by the passage of charge carriers between the hot and cold areas.

Benefit proposition

  • Low power need: well suited for equipment with low power needs in remote inhibited locations.

  • Vast applications: It can also be used in the deep ocean offshore seabed to generate seafloor electric power for submarine sensors, seafloor exploration developers, and military uses by using the temperature difference between low temperature seawater and hot fluids released by thermal outlets from drilled geothermal wells.

  • Product effectiveness: The charger is more efficient when the temperature is over 100 degrees Celsius, but it is most effective when the temperature is between 80 and 230 degrees Celsius.

Key business goals

  • We plan to launch our coaster chargers in May of 2021.

  • We plan to distribute our merchandise across UAE stores and large cooperatives, as well as sell it online at noon.com.

  • Increase our market share and get a perfect score from our consumers.

Primary market

  • UAE based E-commerce & retail business entity seeks funds for further expansion

  • Then there's the UAE tourism market, where most travelers or visitors are looking for small items to cart around and dispose of easily.

  • Chargers ports are not available everywhere, so for travelling purposes it will be win-win situation

Assumptions and constraints

  • Choosing the right size for the mug and its weight.

  • Keep the mug in shape in the container that it stays fit to the last port.

  • Ways and best places to put on the coasters

  • Marketing methods to promote our product




Stakeholders

  • Customers (existing and new)

  • Newly established Telecom distribution and mobile accessories companies in UAE(Incorporated et al., 2020)

  • Wholesale distributor/trader

  • Investors



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