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Business start-up

Farmsphere.com

Farmsphere.com is the place where social food traceability improves the food consumption experience

Farmsphere.com seeks to enhance the food consumption experience through the implementation of a system of social traceability that implies:

- Food description records used in the interaction with the consumer and in brand online reputation management.
- Link between products and the relevant network of agents of production and marketing chains.
- Verification of credentials and relationships between the various agents of the agrifood chains.

Facts

Legal status business
Not registered
Year of establishment

2009

Sales (US$)
Two years ago: 0
Last year: 0
This year (forecast): 363,540
Year 2 (forecast): 1,388,438
Year 3 (forecast): 2,698,290
Net profit after tax (US$)
Two years ago: 0
Last year: -66700
This year (forecast): -245710
Year 2 (forecast): 777,972
Year 3 (forecast): 1,637,654
Total number of Employees
Two years ago: 0
Last year: 3
This year (forecast): 4
Year 2 (forecast): 6
Year 3 (forecast): 10

Finance needed

Finance needed for fixed assets (buying of machines, buildings, ...) 5,000
Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) 430,000
Total finance needed (US$) 435,000

How do you expect this to be financed? Please note: the total amount mentioned here should be equal to the total finance needed at the previous question.

Own Contribution in cash 135,000
Loans (debt) 0
Share capital that you seek from investors (equity) 300,000
Other sources 0
Total finance needed (US$) 435,000

The Business

What is your product/service?

Farmsphere.com seeks to enhance the food consumption experience through the implementation of a system of social traceability that implies:

- Food description records used in the interaction with the consumer and in brand online reputation management.
- Link between products and the relevant network of agents of production and marketing chains.
- Verification of credentials and relationships between the various agents of the agrifood chains.

What customer need/problem do your products/services satisfy?

The food related business presents three clear tendencies:
- Prosumer
- Food traceability
- Food consumer: Increasing emphasis on food security, diet and health, and sutainability in its the broadest sense.

How will you make the product/service?

We have a great team to develop and implement the web app:
- 3 partners with broad experience in food, agribusiness and internet
- 1 web designer
- 5 web developers

Explain how you will sell your product/service (marketing strategy) and how you will reach your customers (distribution strategy)?

Farmsphere.com’s core business is to offer Social Food Traceability and Food Online Reputation Management solutions to organizations and professionals from the Food & Agribusiness industries.

We are going to approach our clients by internet advertising, press & public relations

To whom are you selling, what is your market?

This platform is designed for users worldwide, wich are related with the sector of food and agribusiness. There are three profile users:

- Consumer user
- Professional user
- Corporate user

Describe your competitors?

There are no direct competitors. Nevertheless, there are sites with a different business focus but similar features:

- www.zeer.com
- www.epicurious.com
- foodfeed.us

What makes your business different/better than your competitors (competitive advantage)?

Our differential approach: the Social food traceability©.
THIS ALLOWS USERS TO TRACE NOT ONLY THE PRODUCT ITSELF BUT ALSO EACH CONSUMPTION EXPERIENCE AND THE SOCIAL INTERACTIONS GENERATED AROUND IT.

What makes your business, your product or service innovative?

Thanks to Social Food Traceability, the consumer is no longer be considered the final destination of traceability, but its co-creator (due to his perception of the quality and the collective knowledge generated as a result of the interaction).

How will you ensure the growth of your business?

The business will grow thanks to the positioning of the concept: social food traceability, the increase of consumers using the platform, and the number of food companies interacting in farmsphere's platform.

The Entrepreneur & Management

Describe the entrepreneur & management

Team:

CEO: Fernando Valdivia (see ar.linkedin.com/in/fernandovaldivia)

CMO: Sebastián Nader (see ar.linkedin.com/in/nadersebastian)

COO: Sebastián San Juan (see ar.linkedin.com/in/sebastiansanjuan)

What specifically makes you and (if relevant) your management team most qualified to build this business?

We have complementary competences, and experience in the sector of food and agribusiness. We also startup in 2007 an internet marketing services provider (OOZE: www.ooze.ws), with success.

How much time do/will you expect to spend per week in the business?

7x24. Full time dedication of the entire team.

Development

How does your business improve the local living standards (social and environmental)?

Farmsphere uses the potentialities offered by the Web 2.0 environment, maximizing the advantages of real time interaction between the consumers and agents that make up the professional networks and organizations involved in any given food product.

Owner