Medical Software Business Plan

AgaMatrix, Inc.

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Company Summary

AgaMatrix, Inc., which was incorporated in Delaware in 2001, is an early-stage venture offering proprietary Digital Signal Processing (DSP) technology that dramatically improves the functionality and performance of biosensor devices. AgaMatrix's core DSP algorithms solve a number of immediate problems in the medical devices market by significantly boosting the performance of biosensors without costly specialized hardware and additional chemicals. Initially, the company will sell technology solutions to diagnostic medical device makers, specifically, manufacturers of home blood glucose monitors and hospital point-of-care blood analyzers. Future target healthcare segments include the immunoassay and implantable biosensor sectors. Its headquarters are located in Cambridge, Massachusetts.

2.1 Start-up Summary

AgaMatrix's start-up costs amount to $4,900, which covers the initial expenses for opening the first office. These costs include incorporation of the company, design of the company logo and website, purchase of office and IT equipment, and other miscellaneous expenses. The start-up costs are financed by direct owner investment. The assumptions are detailed in the following table and illustration.

Start-up
Requirements
Start-up Expenses
Legal $400
Stationery etc. $200
Brochures $1,000
Rent $1,000
Expensed Equipment $2,000
Other $300
Total Start-up Expenses $4,900
Start-up Assets
Cash Required $1,515,100
Other Current Assets $0
Long-term Assets $0
Total Assets $1,515,100
Total Requirements $1,520,000
Start-up Funding
Start-up Expenses to Fund $4,900
Start-up Assets to Fund $1,515,100
Total Funding Required $1,520,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $1,515,100
Additional Cash Raised $0
Cash Balance on Starting Date $1,515,100
Total Assets $1,515,100
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $15,000
Accounts Payable (Outstanding Bills) $5,000
Other Current Liabilities (interest-free) $0
Total Liabilities $20,000
Capital
Planned Investment
Seed Round Pre-Plan $500,000
Series A $1,000,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $1,500,000
Loss at Start-up (Start-up Expenses) ($4,900)
Total Capital $1,495,100
Total Capital and Liabilities $1,515,100
Total Funding $1,520,000

2.2 Company Ownership

AgaMatrix is a privately-held Delaware corporation, subchapter C. It was created in 2001. Sonny Vu and Sridhar Iyengar, the company's founders, own the majority of equity. Members of the board of directors and advisors also hold minority stock positions. All employees of the company are rewarded with stock compensation packages.

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Start-up
Requirements
Start-up Expenses
Legal $400
Stationery etc. $200
Brochures $1,000
Rent $1,000
Expensed Equipment $2,000
Other $300
Total Start-up Expenses $4,900
Start-up Assets
Cash Required $1,515,100
Other Current Assets $0
Long-term Assets $0
Total Assets $1,515,100
Total Requirements $1,520,000
Start-up Funding
Start-up Expenses to Fund $4,900
Start-up Assets to Fund $1,515,100
Total Funding Required $1,520,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $1,515,100
Additional Cash Raised $0
Cash Balance on Starting Date $1,515,100
Total Assets $1,515,100
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $15,000
Accounts Payable (Outstanding Bills) $5,000
Other Current Liabilities (interest-free) $0
Total Liabilities $20,000
Capital
Planned Investment
Seed Round Pre-Plan $500,000
Series A $1,000,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $1,500,000
Loss at Start-up (Start-up Expenses) ($4,900)
Total Capital $1,495,100
Total Capital and Liabilities $1,515,100
Total Funding $1,520,000