Cable lifter | Application Preview
Cable Lifter is seeking government grants to support its business growth and product development. The funding will be allocated for conducting tests, purchasing necessary materials, building a website, and covering labor costs.
The business aims to expand significantly over the next five years by introducing innovative ideas and securing support from the construction sector and Florida Power and Light (FP&L). The focus is on enhancing the product for durability and long-term use.
The justification for funding approval lies in the promising demand for the product and the ongoing research indicating a strong market presence. Currently, the product is in the patent-pending phase, with some contractors already interested and awaiting the completion of testing.
In terms of competition, notable players include FP&L, Danella, and Pike. However, Cable Lifter's competitive advantage stems from firsthand experience in the field, allowing for a better understanding of the challenges faced by potential customers.
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General Information
Business Registration Number: N/A
Location: West Palm beach, FL, 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: YES
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Funding Usage
For testing, purchasing materials, website building, and paying for labor.
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Business Plan
I plan to grow the business in the next 5 years by implementing new ideas, gets backing grom the construction industries as well as FP&L. Work and better the product for long lasting use. The research on the product and the demand is way higher than expected. There is a Market for that exact device. It is in pattern pending stage and some contractors are waiting for the device to finish testing.
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Self Identified Competition
FP&L, DANELLA, AND PIKE. I am in the field and I am experiencing the issue first hand.
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Contact Applicant
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