Market Research
Project scope
Categories
Communications Operations Competitive analysis Sales strategySkills
market potential calculations market size market researchThe goal of this project will to be conduct market research for Pathoscan. In particular, the learner will be responsible for researching the market potential of our product: the Pathobox. How this is done will be up to the learner. However, it will likely involve doing a survey of producers, researching disease yield losses, and researching how our product can mitigate those losses.
- The learner will have to create a market size calculation for the Pathobox. How the learner does this is up to them. However, it must meet these requirements:
A) It is supported by data collected by the learner and involves minimal assumptions, with the assumptions also being supported by data.
B) It covers the diseases we currently cover as well as provides inspiration for what diseases we cover next.
C) It should include both quantitative and qualitative data.
This will take the entirety of the 60 hours.
The learner will have access to the Pathoscan customer database and team for help with technical questions. The Pathoscan team will provide all relevant product information. However, the Pathoscan team is not highly versed in business strategy. As such, this opportunity is ideal for a learner looking for a more independent learning opportunity.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
PathoScan is a startup focused on revolutionizing agricultural practices with its innovative crop disease detection device. By allowing on-site and immediate identification of diseases, the device eliminates the need for centralized lab facilities and the associated delays. This transformative approach not only reduces costs but also empowers farmers with timely decision-making tools to ensure optimal crop health.