Hi-per Baits | Application Preview
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General Information
Business Registration Number: 212947790
Location: Myrtle Creek, OR, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
Funds would be utilized to build 10 finalized automated machines to produce 10 unique lures and colors.
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Business Plan
The first 2 years would be focused on development and growth. The automated equipment developed has been centered around new technology and automation with adaptivity in the design of the product. This allows for any lure design developed to be produced in an automated efficient manner utilizing new 3D printing technology for mold production. After designing 10 unique lure designs and 10 different color schemes offering 100 different unique lures. Net profit projection allows for further development in production location as current space is limited. The next 3 years would be spent growing an online presence while developing a business location for production and storefront. My business is focused on bringing new technology to the fishing industry in an ethical way. Production of current lures is controlled by major production businesses that use old technology. This new technology allows for better lures not only for fishing but also more eco-friendly and less waste in production and is focused on developing a biodegradable lure to protect our oceans from current pollution.
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Self Identified Competition
WEIHAI HAIYUAN FISHING TACKLE CO.,L is located in eastern Asia like many lure companies use old technology that uses big molds that do 60+ lures at the same time with runners between lures that have to be cut off in post-processing and often is manual work. This waste of product can be used by different machines as remelting but is often just waste. Their machines have difficulty adapting or being automated. My other competitors are local hobbyists who hand-pour or inject custom or standard molds in their shops or sometimes inside their homes. Many who do this don't understand the health risks. They are often really close to the fumes and don't wear respirators. The sad part is that often they include their family and kids which exposes them to toxic fumes and products. I am removing all human contact with the product to minimize health concerns. That is my top priority and is achieved by automation. My other focus is on developing biodegradable or reusable lures to minimize the pollution of the oceans. These challenges are no easy feat, but being a business rooted in safety and green automation technology, I know I can change the fishing industry for the better.
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Contact Applicant
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