This document summarizes a business plan for barcoo, a proposed mobile application that allows users to scan product barcodes and access aggregated consumer information about that product. Key points:
- barcoo will use machine learning algorithms to enable mobile phones to recognize 1D barcodes, providing product information like price comparisons, reviews, recipes, and shopping links.
- The target market is German smartphone users, focusing initially on early adopter groups. Revenue will come from mobile advertising and shopping commissions.
- The founders have experience developing mobile technologies and business strategies. An advisory board will provide support.
- An initial funding of €80,000 is requested to launch the beta in early 2009, with break-even