Wireless data transmission solution for VR experience
Ukraine, Kyiv city
Market: Virtual and Augmented Reality
Project stage: Idea or something is already done
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Idea or High Level Concept
Wireless data transmission solution for VR/AR that gives absolute freedom of movement and untethered 4K/8K VR experience with 40Gb/s and higher bandwidth.
Territory of the product or service implementation
Global (world)
Traction and Current Status
We have been working on the implementation of this idea for the last 15 months. For now we have laboratory, PoC, team, patent application. So, we start to apply for investment to work on MVP.
Problem or Opportunity
Current trend in VR hardware design is to give the Customer better quality of VR experience. Top 5 companies announced their work on 4K/8K headsets. To support this quality they need to maintain 40Gb/s and higher bandwidth. This bandwidth is supported by wired connection (HDMI/DP). However, the length of wire is limited and this fact implies lack of movements. The VR Gaming market is growing even with the fact that many domains are still uncovered due to the lack of movements. So, our solution solve this problem and provides both enough bandwidth and freedom of movement.
Solution
We provide free space optics based technology to transmit the data and steering system that track all VR players movement. We do it technologically neutral, so our solution works with any VR headset just from the box without any driver support needed.
Customer Segments and Market
B2B: All VR hardware vendors B2C: All existing VR players and new comers.
Revenue Streams and Cost Structure
We see that we will be able to sell 100K sets in 1st year. Price is about 799-999 USD. Not cheap, but average VR set (headset + PC) is about 5-7K USD. So, we believe to have 80-100M cashflow within a year from first sale.
Business Model, Chanells, Metrics
Before MVP will be released we would like to have partnership with VR vendor to present on the market. Common channels for B2C consumer electronics.
Competitors and Existing Alternatives
Oculus and other VR headset that works with wireless data are our competitors. However, we don't see alternatives on our solution, because RF interface is limited with the bandwidth expansion by simple fact of natural interference in the any place of living in 21 century.
Advantages or differentiators
Pure natural wireless without interference Real freedom of movement
Risks
Competitors may work on the same and be faster, but we believe with our patent we cover some of the risks.
Won the competition and other awards
Ukrainian Invest X-factor winner
Presence of invention or patent
Yes
Invention/Patent
System of laser beam based data transmission with the steering system
Money will be spent on
We need approx. 1.5 M USD to cover the following costs: - 10 Senior Engineers team with 5k USD/monthly * 12 months = 600K USD - 2 C-level management full-time employment = 240K USD - office/lab/equipment and other org. costs = 300K USD - US patent work, legal and finance support = 100K USD - 5-10 MVP sets, BOMs and other costs, alpha program = 260K USD