AR/VR BUSINESS PLAN IN NIGERIA

AR/VR BUSINESS PLAN IN NIGERIA

AR/VR BUSINESS PLAN IN NIGERIA

AR/VR BUSINESS PLAN IN NIGERIA

This sample AR/VR Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Accounting Firm Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.

BUSINESS DESCRIPTION OF AR/VR BUSINESS PLAN IN NIGERIA

INDUSTRY: Technology

BUSINESS: Augumented Reality/Virtual Reality (AR/VR)

Patilad AR/VR Studios is a software development company that develops Augmented and virtual reality technologies for educational institutions, and students.

The studio creates world-class interactive software products for education and training in schools and classrooms and is based in Jos, Nigeria.

Patilad Studios is solving the problem of lack of properly equipped laboratory and library infrastructure across many schools, our products enable students to view the map of the world in 3D, or participate in other hands-on experiences and environments that aren’t physically available.

Patilad Studios deliver physical and psychological experiences through immersive real-life situations in a safe environment, students can practice with physically unavailable equipment e.g., a fully functional chemistry lab or an extinct animal come to life.

AR technology is a combination of digitally augmented data with physical properties, so that users experience real existing environments but with computer-generated imagery, which means that it is a live superimposition of a virtual model, on a real-world extracted video, while VR technology enables experiences to take place in a completely simulated environment and isolated reality.

Global spending on AR/VR is expected to reach $192billion in 2022 at a CAGR of 70% over the next 6 years, and as a business, we are demonstrating our commitment to the development and integration of sustainable educational practices.

 

Problems Statement:

  1. Inadequate Laboratory and Library Infrastructure:
    • Many schools face challenges in providing well-equipped laboratories and libraries, limiting students’ hands-on experiences and access to diverse learning resources, hindering their educational development.
  2. Limited Access to Physical Learning Resources:
    • Students often lack access to essential physical resources and equipment, such as functional chemistry labs or immersive experiences with extinct animals, restricting the breadth of their educational experiences.
  3. Restricted Learning Environments:
    • Traditional classrooms limit students to theoretical learning, lacking exposure to real-life situations and practical applications that are essential for a comprehensive understanding of various subjects.

Solutions Statement:

  1. Development of AR/VR Educational Technologies:
    • Patilad AR/VR Studios addresses the infrastructure gap by developing cutting-edge Augmented and Virtual Reality technologies tailored for educational institutions. These technologies provide an immersive learning experience beyond the limitations of physical facilities.
  2. World-Class Interactive Software Products:
    • The studio creates world-class interactive software products that allow students to explore 3D maps and engage in hands-on experiences not feasible in traditional settings, overcoming the limitations of physical infrastructure and expanding the scope of educational possibilities.
  3. Immersive Real-Life Simulations:
    • Patilad Studios delivers physical and psychological experiences through immersive, real-life simulations. This allows students to practice with virtual versions of equipment, such as a fully functional chemistry lab, providing a safe yet authentic environment for learning.
  4. AR and VR Technologies for Diverse Learning Experiences:
    • By harnessing the power of Augmented and Virtual Reality, the company enables students to experience digitally augmented data in real-world environments (AR) and fully simulated environments (VR). This broadens the scope of educational possibilities and ensures a more engaging and effective learning process.
  5. Commitment to Sustainable Educational Practices:
    • Patilad Studios aligns with the global shift towards sustainable educational practices by investing in AR/VR technologies. This commitment ensures continuous innovation, enhancing the quality and accessibility of education while preparing students for a rapidly evolving future.

In summary, Patilad AR/VR Studios identifies and addresses challenges in traditional education settings by leveraging advanced technologies to create immersive, interactive, and sustainable educational solutions.

 

BENEFITS FOR AR/VR BUSINESS PLAN IN NIGERIA

  • Access to educative virtual environments and equipment
  • Interactive and immersive content
  • Engaging and efficient
  • Reduce costs of physical equipment
  • Boost training retention

 PRODUCTS AND SERVICES FOR AR/VR BUSINESS PLAN IN NIGERIA

  1. 360° Engaging Educational Experiences:
    • Leveraging cutting-edge AR/VR technologies, Patilad AR/VR Studios offers a diverse range of 360° engaging educational experiences for schools. These immersive experiences transcend traditional learning methods, providing students with interactive and comprehensive educational content.
  2. Virtual Reality Libraries and Laboratories:
    • Patilad AR/VR Studios develops and delivers Virtual Reality (VR) libraries and laboratories. These digital environments allow students to explore virtual libraries and fully functional laboratories, offering a realistic and interactive learning experience. This bridges the gap in schools lacking physical infrastructure and enhances the quality of education.
  3. Augmented Reality Classrooms:
    • Transforming traditional classrooms, Patilad AR/VR Studios introduces Augmented Reality (AR) technologies. AR classrooms overlay digital information and interactive elements onto the real-world environment, creating dynamic and enriched learning spaces. This innovation promotes active engagement and a deeper understanding of subjects.
  4. Service Delivery for Seamless Integration:
    • Beyond the creation of AR/VR content, Patilad AR/VR Studios provides comprehensive service delivery. This includes the seamless integration of AR/VR technologies into existing educational systems, ensuring that schools can adopt and utilize these tools effectively for enhanced learning experiences.
  5. Expansion into Related Industries:
    • With a forward-looking approach, Patilad AR/VR Studios anticipates expanding the impact of its products beyond the education sector. The company envisions extending its AR/VR solutions to other related industries, unlocking new opportunities for immersive experiences and technological innovation.

By offering a suite of innovative products and services, Patilad AR/VR Studios aims to revolutionize education and related industries in Nigeria, creating a paradigm shift towards immersive and technologically advanced learning environments.

KEYS TO SUCCESS FOR AR/VR BUSINESS PLAN IN NIGERIA

  • Develop new immersive, interactive and educative software for kids mainstream market.
  • Solidify strong strategic partnerships/distributors, exploring innovative new sales channels.
  • Partner with the ministry of education to cover a lot of schools
  • Develop a campaign to promote our current products and services
  • Integrate human resources
  • Create additional technologies to diversify the user base
  • Promotion and advertising
  • Strategic partnerships

USE CASE FOR AR/VR BUSINESS PLAN IN NIGERIA

AR/VR has been used to disrupt processes across a lot of industries today,

  • Healthcare- infrared technologies have been used to visualize veins of blood donors during blood donation
  • Education- a combination of interaction with AR visual information to books, allowing kids to get exciting experiences studying geography, chemistry, etc.
  • Advertising- Ikea made an app to help customers visualize furniture in their homes before purchase, to avoid any disappointment

  GOALS FOR AR/VR BUSINESS PLAN IN NIGERIA

  • Our ultimate goal is to partner with the Ministry of education to encompass all schools in need of educational equipment to adopt AR/VR solutions as they are more affordable and an AR/VR lab is multi-functional.
  • Quality -This is our greatest strength.
  • Customer Satisfaction- We must remain profitable to sustain the company in this rapidly
  • Growth- market share growth
  • Corporate governance
  • People- The people who work for PATILAD Studios are the best in their fields, and we not only utilize their specific industry skills, and we want to keep them for optimal performance.
AR/VR BUSINESS PLAN IN NIGERIA

AR/VR BUSINESS PLAN IN NIGERIA

CORE VALUES FOR AR/VR BUSINESS PLAN IN NIGERIA

Our core values are transparency and integrity, the technology industry is dependent on trust to achieve brand loyalty.

VISION FOR AR/VR BUSINESS PLAN IN NIGERIA

To provide and foster advancement in interactive education.

MISSION FOR AR/VR BUSINESS PLAN IN NIGERIA

We know that there are inadequacies in the education industry that makes learning inefficient and we are building solutions to cover these gaps and make learning more effective.

 

Read Also: How to apply for New CBN N500,000, N750,000, and N3,000,000 non-interest and collateral-free targeted credit facilities in Nigeria.

 

SWOT ANALYSIS FOR AR/VR BUSINESS PLAN IN NIGERIA

  • STRENGTHS- Getting competent talent on our team has always been a major focus for us, at Stack we have a strong and competent technical and Marketing team with deep sector knowledge in the development and deployment of AR/VR technology and business.

 

  • WEAKNESS- as a new start-up and player in the industry our only weakness is the immediate ability to compete for market share with the already existing big players.

 

  • OPPORTUNITIES- AR/VR is a disruptive technology and a lot of institutions are adopting it to improve major aspects of their business process, hence there is an exciting huge market opportunity to be catered for.

 

  • THREATS- Most of the threats we anticipate as an AR/VR technology provider include government policy and regulation, and economic crises that reduce the purchasing power of our customers

BUSINESS MODEL FOR AR/VR BUSINESS PLAN IN NIGERIA

Subscription – our users can enjoy all features of our products for a premium charge.

KEY PLAYERS FOR AR/VR BUSINESS PLAN IN NIGERIA

The biggest players and stakeholders in the AR market are big companies like Google, Apple, Facebook for owning the main devices for this kind of application, accessible through android, and IOS devices.

MANAGEMENT TEAM FOR AR/VR BUSINESS PLAN IN NIGERIA

Daniel Balmun- A full-stack software engineer, with over 10 years of demonstrated working experience in technology industries and fast-growth start-up markets, as he serial founder, with domain expertise in enterprise application development, who has succeeded at other technology companies, he will serve as the product design and engineering lead on the erstwhile team.

 

Dayo Adetiloye- (B. Agric, MBA, PMP) has over 15 years of experience in business management, business start-up dynamics, financial management of the business, and overall business growth and development, he is an alumnus of the enterprise development center (EDC) of the Lagos business school (LBS) pan African university PAU) he is our business development strategist and a strategic partner

 

Lilian Mfon- Lilian is the head of our marketing team, most of our marketing strategies are online-based and she is the best personnel for the job she has a well-established digital marketer with proficiency in content management social media marketing, search engine optimization, and marketing.

AR/VR BUSINESS PLAN IN NIGERIA

AR/VR BUSINESS PLAN IN NIGERIA

WE BROUGHT TO THE BUSINESS

  • Practical start-up sector expertise
  • Deep technology knowledge
  • Professional business acumen

MANAGEMENT EXPERIENCE FOR AR/VR BUSINESS PLAN IN NIGERIA

The Patilad Studios founding team is highly experienced and qualified, the key members of the management team, bring important business acumen and expertise to the table as follows;

  • Software development
  • Sales and marketing
  • Human resource management

 

CUSTOMER SEGMENTS FOR AR/VR BUSINESS PLAN IN NIGERIA

Our target demographic covers a large spectrum of customers including

  • Educational and training institutions
  • We plan to expand into the healthcare industry in 2 years

COMPETITOR ANALYSIS FOR AR/VR BUSINESS PLAN IN NIGERIA

People will use our service over our competition because we consider many major intensive factors such as;

  • Competitive pricing – we offer a one-time purchase option, in addition to our subscription model.
  • Freemium- we offer a free functionality on our applications that provides simple tools for students and educators to create environments and classrooms to visualize or demonstrate an idea, and then they have to pay to access other features.
  • Multiplatform
  • User-friendly

For the remaining part of this business plan, including the detailed financial analysis, call me on 08105636015 or 08076359735 or send me an email at dayohub@gmail.com.

We help institutions and organizations write concepts, implement Business Plans, and train on business Plan writing in Nigeria.
We can help you write a detailed, strong, and winning business Plan for any use.
Call me on 08105636015, 08076359735 or Send me an email at: dayohub@gmail.com.

Click here to access your Free Gift on How to Secure Funding for your business in Nigeria and other business opportunities and information to help you discover, develop and fulfill your business potential.

 

 

 

Enter your name and email and get the weekly newsletter.. Joining is FREE!

Dayo Adetiloye Logo

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

GI Vital Soft Gel

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Twitter

Share this:

LinkedIn
Facebook
Twitter
Email

No Responses

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2023 All rights reserved