So, I have access to very specialized information that is used by the health care industry. In fact, this information is Federally required to be used. The information is so specialized that I literally known 75%-90% of the people who have access to it and I am certain I could out-hire them from established incumbents in the field, generating a virtual monopoly on this information. The incumbents in the field use very old and expensive technology for the delivery of this information, using a lot of B&M assets and support staff. I have a working, virtual, cloud-based, agile system that can deliver the same information more reliably and
much cheaper. I estimate that if I can capture just 5% of the market for this service, I could generate $1-$3 million in profits per month.
Unfortunately, I don't have an effective way to market my service to the businesses that would need it, and I do not have the funds to leave my current full-time job and more importantly my health benefits.
Does anyone have any advice on good ways for me to proceed to find funding? I am new to this entrepreneurial process for technology start-ups.
I do have a meeting with a local contact who knows regional angel and start-up investors, but they are used to more traditional ventures, not technology start-ups, so my hopes are not high for getting any traction with them.
Thank you for any advice.
