Ecodapter LLC | Application Preview
Ecodapter LLC is seeking government grants to fund the production of plastic injection molding dies essential for creating lamp adapter main body parts. The funding will also help them establish an initial inventory for assembling their first 500 units for sale.
Their business plan focuses on boosting sales through strategic advertising across various media platforms and implementing programs to encourage word-of-mouth promotion.
The product being developed is an adjustable two-bulb lamp adapter that replaces traditional 3-way light bulbs, offering improved light distribution. It allows users to save energy by utilizing two lower-output LED bulbs, which can be directed to enhance illumination where it is needed most. This product not only benefits individual consumers through energy savings and reduced bulb replacement costs but also serves a greater societal purpose beyond profit. The lamp adapter is patented.
Ecodapter LLC enjoys a competitive edge due to the exclusivity granted by its U.S. and Canadian patents, meaning there are no direct competitors for this product in those markets.
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General Information
Business Registration Number: EIN 85-3855101
Location: Louisville, KY, 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
The funding will be used to pay for the manufacture of plastic injection molding dies for use in producing the main body parts of each lamp adapter and to provide an initial inventory of all parts needed to assemble the first 500 units for sale.
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Business Plan
Growth in sales of the lamp adapter will be achieved by advertising product in expanded media streams and devising sales programs to influence word of mouth selling. The product to be manufactured and sold is an adjustable two bulb lamp adapter intended to replace the standard 3-way light bulb which cannot be adjusted for better light distribution. The adapter is designed to allow buyer to save on energy consumption by using two lower output led light bulbs that can be adjusted to focus light downward from under lamp shade to get more lumens where needed. Energy savings and lower bulb replacement cost is a value affecting more than just the buyer. The service to all seems more important than profit. The product is patented.
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Self Identified Competition
The sole product to be advertised and sold is patented, therefore no competition is likely. Very simply, the sole product is Patented in both the U.S. and Canada and will work only with lamps used in both countries. The competition has nothing to compare because of the Patent status.
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