OVERVIEW
LYPD is a summer long program for highschool students in Lexington, KY. We
exist to expose the next generation to the amazing world of product
development.
BACKGROUND
My name is Gabriel Portugal, and I am studying Product Design in college.
What does product design look like? Every semester we have a studio class
where we are given a project brief and by the end of the semester we need to
have a new product. To do this, we are taught skills like Computer Aided
Design, sketching, and rapid prototyping. Our professors also plan factory
tours for us and meetings to learn from professionals. At the end, we present
our designs in a celebratory exhibit. In high school, I did not know that
this is what product development looked like, and I did not know it was this
fun! I want to provide a taste of this experience to high school students.
NEED
In fact, there is no program like this in Lexington. There are programs like
pre-engineering and architecture programs, but none that focus on consumer
products and take students on the whole product development process. As a
booming hub for startups and businesses, Lexington needs a program like this
that exposes and attracts students into product development.
SOLUTION
LYPD is a summer long program where ~40 students get to work on a project
sponsored by a local business (ex: Toyota). Throughout the program, students
will learn necessary skills to design and prototype the next generation of
Toyota Cambrys. They will also take field trips to factories and talk to
professionals to enrich their understanding of the problem and approach to
solving it. The program would culminate with a celebratory presentation of
students' work to the sponsoring business.
VALUE PROPOSITION
Through this program, students have the opportunity to (1) be part of a
really cool project, (2) learn marketable skills, (3) gain work experience as
this program can count as an internship, (4) network with companies that
could lead to a future job.
BUSINESS MODEL
To be a part of this once in a lifetime experience, we need to charge a
registration fee of $600 for the whole summer. $600 x 40 students = $24,000
Additionally, there will be a list of sponsors. The platinum sponsor will be
the one on which the project is based, and they will be asked to contribute
$5,000. We will also seek out Gold and Silver sponsors (ex: FCPS, KY
Department of Education). We anticipate a contribution of ~$3,000 from gold
and silver sponsors.
Why would businesses want to sponsor this program? They get their name out
“Toyota investing in the next generation.” This money will be to cover
necessary costs like software, prototyping material, tools, and
transportation to field trips. Along with teacher salaries.
Total revenue: $24,000 + $5,000 + $3,000 = $32,000
With total expenses totalling ~$16,000, we will have a profit of $16,000.
Software = $ 2,000
Materials = $ 3,000
Field Trips = $ 3,000
Teacher (s) = $ 6,000
Extra = $2,000
Email: gjpo224@uky.edu
Project Owner
Gabriel Portugal