Business plan for ViRi Limited virtual reality studio

Abstract

ViRi limited is a computer graphics development Studio specializing in the development of Virtual Reality applications, graphics, assets, games, for Windows, Android phones and HTML-5 supported browsers. ViRi will be targeting both large and medium sized companies involved in architectural designs, marketing, Kitchens, developers and educational institutes both in Cyprus as well as anywhere in the world. Additionally, it will target individual customers looking to render their house plans in Virtual Reality. ViRi’s foundation will be its carefully selected talent. People passionate about design, programing and VR for the past 10 years will offer impeccable service based on the invaluable experience they have accumulated practicing a field that has only been blowing up for 3 years. ViRi will take advantage of the fact that whereas its competitors are at the early stages of VR development, its team has been active in VR for the past seven years. This experience will be key to advance and establish itself in a field that it is expected to pull 4.3 billion of the market revenue by 2020 and 9 billion by 2025. The company will initially operate without an office for the first 12 months, while it handles tasks that don’t require client visits. At year one it will operate out of a small office in downtown Nicosia. It is expected that the studio will reach break even point at year 2 and will double its profits by year 5. Alexandros and Savvas have a combined track record in VR development of over 50,000 euro and have worked on over 50 VR applications in the past 5 years. Marios is an exceptional programming talent recruited right out of TEPAK 1 year ago and has shown exemplary work in over 12 projects in the past year.