Tag Archives: budget

Pitching of Projects Assignment 3 Part 1

Here are some of the projects that I would like to pitch:

  1. Brainwave wonderland

This project would be exploring on controlling things with the mind. The installation will consist of doing several tasks with just the power of our minds. We could light up a room of even create a light show with our brainwaves.

The budget that I might need is maybe around $5000 dollars to get the electronics and also the gadget that detects brainwaves.

I might need a team of 3,me plus a person who can do coding and a person who can do the electrical engineering to get the electronics wired up.

Pros of the project: Fun and innovative and tries to push the limits of how biology and science can work together.

Cons: Might be a bit difficult to do if there is not enough research done in this area.Might get a bit too expensive.

2. VR paradise

This project would be exploring on a theme park that is made physically but having the whole place also existing in VR. It a fantastical place that exists in real life but it requires the magic of VR to bring it to life.

I will need a lot of money. Definately more than 1 million dollars to create a theme park.

I would need to hire a group to do a feasibility study. A feasibility study will take into account potential sites, your park concept, the local market and tourist market, and industry trends and local competition in order to estimate costs, revenues, and how many first-year guests you can expect. This last number is hugely important, as the number of first-year guests expected will determine the amount you need to spend to build a park that can accommodate them. Estimate too low, and my park will be overcrowded. Estimate too high, and my park will fail due to inability to recoup construction costs.

Before going to potential investors, I will need an attractive mock-up of my park that both features the attractions and takes into account zoning, safety, and traffic flow. Therefore, I would need help from a design firm in designing the theme park as it requires a variety of specialized skills from drawing to understanding ride engineering and safety to managing traffic flow.

Pros of the project: Fun, innovative and it is the first of it’s kind.

Cons: Very expensive. Need very very thorough planning.

Perfect Pitch Part 2

Idea 1(Individual project idea with ADM resources plus an equipment budget of max 500$, plus your own time and effort, over 1 year):

For the first idea, I would like to pitch the idea of creating music with heart beats.

Things that I would need : A heart tracker, a program that can translate the heart frequency to sound frequency, lights and smoke machine ( most of which can be found in school already).

I can get a fitbit that can track heart rates at a relatively cheap price. The budget of $500 should not be a problem to me.

The bulk of the time in this project should be spent on researching and tweaking with the translation of the frequencies.

Idea 2 (Individual project idea using any resources  up to a budget of 5 million, over 5 years):

Stage 1:I would want to be a travel consultant. I would go around the world to check out different places and come up with itineraries and reviews that will help others who would want to visit the place.

Stage 2: I would then set up a company and hire people who are adventurous and people with good taste so that they can be travel consultants too.

I would split the money:

1)Travel and accommodation

2) Pay for employees

3)Bills for Company Facilities



Idea 3(Duo project idea using typical ADM resources with budget of max 500$, over 1 year):

I would suggest making an app that allows people to track one another when they can not find each other in a place.

Great to use on parents and children.

Most of the money would probably be spend on marketing and advertising since the cost of production for making a mobile app is not that much.