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Business plan
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Excerpt from Essay:
Business plan
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The Babelfish will be a standalone device. It will contain the following components a casing, speakers, a processor chip, a display screen, a microphone, a headphone jack, a battery and an on/off button. Most of these components can be sourced from suppliers we already use the casing, speakers, microphone, screen, jack and chip are all standardized components that we can modify slightly if necessary. Our primary contribution will be the software, which will be embedded on the processor. This software will include a full set of languages we have capabilities for an estimated forty languages at present and will also contain the speech recognition software as well. A simple operating system will be utilized to provide a user interface with the product. The screen can be mono-or-duotone. There is little anticipated need for color, except for stylistic reasons
The product will be packaged with an instruction booklet, a charger and a CD that can be used to load the software onto the computer. The software will not contain our speech recognition algorithm, in order to better protect our intellectual property, but it will enable our customers to enjoy full text translational flexibility on their computers.
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