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STEM toys have become much popular in the past few years as they particularly focus on education, improving childrenu2019s communication, creativity, problem-solving as well as learning skills and are much beyond the traditional toys like fashion dolls, trains, planes, etc. It provides practical experience to the students, which helps them in improving their skills in a fun way. The acceptance, as well as the popularity of STEM toys, is increasing in the market as the educational institutions have also started adopting the use of STEM toys in their classrooms for teaching the students.
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STEM Toys Manufacturing Unit • Available Reports on this Title – • http://meticulousbplans.com/product/stem-toys-manufacturing-unit/ • Business Feasibility Study Report • Business Model • Project Report • Business Plan • Detailed Project Report
Executive Summary and Analysis • The STEM toys are manufactured based on Science, Technology, Engineering and Math concepts. These toys are more focused on practical applications of educational concepts which helps children in improving their skills in a fun way. • The acceptance, as well as the popularity of STEM toys, is increasing in the market as the educational institutions have also started adopting the use of STEM toys in their classrooms for teaching the students. • As per MBP analysis, the global market for STEM toys is highly regulated and has increased market demand, especially for chemistry kits, engineering kits, building blocks, robotic toys, etc.
Competitive Advantage & Pre-requisite Pre-requisite Revenue Generation Skilled Worker Lifestyle Advancement Employment Generation Business License 4 2 3 Land location Competitive Advantages 5 1 Required Technical Expert Eternal Market Market Potential Supply Chain and Logistics
Market Dynamics Growth Drivers Opportunities • Adoption of modern learning techniques by schools. • Increasing income & parents concern about education. • Provides practical experience for students. • Possibilities of advancement like AI, VR. Challenges Threat • Increasing replica • Quality maintenance • Existing entrants
Financial Summary • Project – STEM Toys Manufacturing Unit • Products– Coding Toys, Robotics, Building Blocks • Initial Investment – 1-2 Crores INR (approx.) • Capital Investment – 0.5-1 Crore INR (approx.)
Project Profile – Project Details Manpower Required Legal Requirements Product Portfolio STEM Toys Manufacturing Unit Business & Industry Requirement Skilled Labor & Executive Employee Types Employment Generation List Skilled Labor – XX Unskilled Labor – XX Driver – X Plant executive – X ( for Dock, Process, Product, Store & for Lab) Supervisor – X Operator -X Admin Executive – X (Admin, HR, Account & Finance) Marketing Executive – x (Sales & Marketing) Director – X (Admin, Operation, Marketing & Finance) PAN & TAN MSME Registration Shop Act GST XXX XXX XXX XXX XXX • Science Based, • Technology Based, • Mathematics Based, etc.
Start-up Budget and Production Details Slide Title Production Details Operation – 1st Year – XX%, Second Year – XX% and 3rd Year – XXX% Working Days – X00 Per Annum Land Requirement – Industrial Land Area Required – X Acres Power Requirement – XX – X00 Kw (x Phase) Water Requirement – XX,000 LPD Transportation – XX, Km • Budget (INR) • Pre-operative Expenses – XX,00,000 • Fixed Capital – XX,00,00,000 • Working Capital ( X Month) – X,00,00,000 • Total Investment – XX,00,00,000 • Cost Per Unit – XX INR • Price Per Unit – XX INR • Profitability – XX % • BEP – XX Years • ROI – XX %
Recent News(timeline) & MBP Analysis • Kiri, a screenless smart toy for languages, STEM and more has been launched. Kiri is a tech-forward smart wooden block for ages 1 and up. Built on Montessori principles, it teaches languages, STEM, and an expanding library of subjects, all without a screen. • Boise (city in Idaho) based startup “Lovevery” that makes toys for toddlers gets money from Google, Zuckerberg funds. • A former IITian is making toys from waste to teach ‘Ahimsa’ to kids
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