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This Business Plan sample s for an Innovative Traffic Alert Sound & Alarm System that improves the functions of the current traffic lights. This innovative system adds the functionality of sound and alarm system to the existing light functions of a traffic light system. This innovation is designed to improve the response of drivers and pedestrians by ensuring they are aware of the traffic lights changes at all times. By creating awareness, caution will be adhered to and in return road accidents will be minimized and thus damage and loss of lives and property.
This Innovative Traffic Alert Sound & Alarm System Business Plan has been written to put forward the major strategic and implementation plans that will see the new innovation gain market in today’s traffic system. This business plan will also highlight the benefits associated to the use of this new technology. Furthermore, this business plan will help raise capital from investors amounting to $###. This capital will be used to propel production of the new technology and market it to potential traffic light consumers and cater for other business expenses.
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