Micro-chip is a sensory device installed in helmets that detects impacts. When an accident occurs and the victim is unconscious, the microchip sends a message with the victim's location to the nearest hospital, police station, and emergency contacts. This timely information increases chances of survival. The microchip features include sending exact GPS location to emergency services with no radiation effects. The product aims to increase accident survival rates by informing authorities and family quickly without relying on others to report the accident.
2. STATISTICS
India is one of the most accident–prone
countries in world with a record rate of
more than three lakhs of road crashes
every year. The frequency of traffic
collisions in India is amongst the
highest in the world. More than 40 per
cent of these casualties are associated
with bikes.
3. According to Times of India about
75,465 people were killed in road
accidents in India in the year
2018. Unfortunately about 30% of
deaths are caused due to delayed
ambulance. In today's scenario
the number of accidents per day
is increasing exponentially and so
is the number of deaths caused
by it.
5. ABOUT MY PRODUCT
Micro-chip is a sensory device which is
installed in the helmet whose specific
role is to detect any impact to the helmet
.when a person wearing the helmet
meets with an accident and the person is
unconsious the microchip sends a
message to the nearest hospital,police
station and the emergency contacts of
the victim, about the victims location.
This timely information about the
accident increases the chances of surival.
6. MISSION
• Supplying range of products.
• Ensuring the products are of
outstanding quality, value for money
and most importantly save lives of
our customers.
7. VISION
• To increase the chances of survival
of accident victims.
• To help authorities to solve cases
regarding the cause of accidents.
• To make our product a necessary
requirement for all helmet
manufacturers.
• Through our commitment to quality
and innovation, we aim to exceed the
expectations of our customers.
8. FEATURES OF MICRO-CHIP
▪ Sends exact GPS location of the accident to the
hospitals , police station and emergency
contacts.
▪ No radiations affecting the brain.
▪ Informs the family of the victim and their
location of hospital.
8
9. Strength
▪ Increases the chances of
survival
▪ Victim doesn’t have to
depend on any person to
inform the emergency
services.
▪ Can be installed in any
helmet.
SWOT ANALYSIS
Weakness
▪ People only wear helmets
to avoid fine, they might
not see the need to buy
such a product.
9
10. Opportunity
▪ As being a safety measure
for all bikers, all the helmet
manufactures would want
to install the same
technology in their helmets.
▪ After the product has been
launched and reduces the
death rate, government
would want to make it a
necessary measure to be
followed by all the helmet
manufactures (like “isi”
mark)
SWOT ANALYSIS
Threats
▪ New companies can make
the same product , but this
threat can be reduced if the
product is patented .
10
13. FINANCIAL REQUIREMENT
13
Budget
• 50-80 lakhs for 1 year project
• Computer engineers , Mechanical engineers , computers, parts
(helmets), micro-chips, facility etc.
SOURCES OF FINANCE
• Capital investment – 20 lakhs
• Start up loans from government – 30-60
lakhs(no need to pay interest for initial 3 years)