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Israel Innovative Electronic Reading Program: Need $2m!

2013.08.21 15:50

Basic Information

Company Name

 

Registration Address

Israel

Industry  (energy saving and environmental  protection, new energy, mobile Internet, consumer goods, creative culture,  high-end equipment manufacturing, IT, life sciences, modern services, modern  agriculture, new materials, others)

Book publishing, new media, mobile  internet.

Project Description

The  company has created a unique new platform for the delivery of ebooks, based on a  revolutionary concept. There is no need to buy books upfront. Readers can  download books to their mobile devices free of charge, and then pay only for  the pages they actually read. This new approach, on top of the tempting  business model, brings immediate benefits to all players in the market. It  improves discoverability and reader-book matching, accelerates distribution,  and adds an important analytics layer, so essential in the digital sphere.

 

Date of Establishment

July 2011

Revenue of Last Year ($)

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Operating Profit  of Last Year ($)

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Core Competence

A variety of capabilities, software,  mobile apps. Ebooks, management, and others.

Number of Employees

6

Capital Structure

Private company. 3 main shareholders  (one of them is the founder and CEO).

Does the company hold patent?

Patent pending.

Patent Description

Name

 

Application No.

 

Type

 

Granted Date

 

Application Date

 

Patent Holder/Applicant

 

Project Requirement

Capital Requirement ($)

2 million USD

Purpose of  Financing

Create US presence, Increase US  sales, establish sales in additional territory (Europe or Asia), add new  features to product, achieve profitability.

Israel Innovation Electronic Reading Program: Need $2m!