UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
​
Innovatech’s Grow LED Lights With
Built-In Watering System
Submitted by:
Legaspi, Ryza
Dela Vega, Phloem
Evangelio, Gemney
Geollegue, Gerwin Azriel
Guanzon, Arvin John
Inquig, Audrey Clyde
Nanquil, Jan
Occida, Matthew
Submitted to:
Ms. Jorinne Gosiaoco
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UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
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I.​
INTRODUCTION
Innovative concepts are constantly emerging in the field of indoor gardening.
Watering systems and LED grow lights are combined in one innovative idea. Imagine a
setup that provides plants with both water and light at the same time, making indoor plant
care easier than ever. With its convenience and improved outcomes, this invention has
potential for both novice and experienced gardeners. Let's explore how indoor plant
cultivation could be altered by LED grow lights that incorporate watering systems. This
integrated system not only simplifies the maintenance of indoor gardens but also optimizes
resource efficiency, fostering sustainable and thriving ecosystems within the confines of our
homes.
At Innovatech, where creativity meets botany, we are dedicated to pushing the
boundaries of indoor gardening. Our most recent creation, the Grow LED Lights with
Watering System, is a game changer. These lights, which are supported by a wealth of
research, offer the ideal spectrum for plants to flourish in, making sure they receive the
precise quantity of light at the precise wavelengths. They use modern methods to increase
plant productivity and quality while also encouraging healthy growth. With Innovatech's
Grow LED Lights, growing an indoor garden can be done in a snap. Harnessing cutting-edge
technology, our Grow LED Lights with Watering System not only elevates the efficiency of
indoor plant cultivation but also provides users with customizable features through smart
controls through setting a programmable digital timer, allowing for a seamless and
user-friendly gardening experience.
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Our LED grow lights are champions of efficiency and eco-friendliness in today's
sustainable tech landscape. They're meticulously crafted with a commitment to excellence,
representing a step forward in preserving our green spaces. Innovatech's Grow LED Lights,
now featuring a built-in watering system, mimic natural sunlight to fuel photosynthesis and
accelerate plant growth. This results in higher yields and tastier produce. With
customizable options, our lights cater to the unique needs of various plants, making indoor
gardening easier and more effective.
At Innovatech, we take great pride in the functionality and dependability of our
products, which are supported by our constant commitment to customer assistance and
education. Our objective is to provide growers of all skill levels with the knowledge and
resources they need to succeed by providing professional advice and troubleshooting
assistance. Indoor gardeners can feel secure in the knowledge that they have a trustworthy
ally dedicated to their success when Innovatech operates alongside them. With the addition
of an integrated watering system, our LED grow lights offer the perfect option for efficiently
and sustainably raising flowers, vegetables, herbs, or medicinal plants. Come along as we
transform indoor gardening to provide a more vivid and environmentally friendly
experience for everybody.
Utilizing the most recent developments in LED technology, we have produced
lighting solutions that offer unmatched energy efficiency and precise control while
faithfully recreating the entire spectrum of natural sunshine. Our LED grow lights are
designed to fit your demands, whether you're an urban farmer making the most of your
little apartment space, a hobbyist growing herbs on your kitchen countertop, or a
commercial grower running a large-scale operation. We have a strong commitment in
providing information, tools, and offering top-notch items is one of the aspects of our goal.
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II.​
PROJECT SUMMARY
Name of the Business: Innovatech Grow LED Lights with built-in Watering System
Location of the Business:
​
Innovatech is located at the Downtown Lacson St. Gonzaga, beside Joshblanc
Motorcycle part store and other local stores around the area, Bacolod City, Negros
Occidental, Philippines.
Bacolod The capital city of Negros Occidental was named the most business-friendly
local government unit under the category of highly urbanized cities outside the National
Capital Region by the Philippine Chamber of Commerce and Industry, Medina, M. (2023,
April 29). It's a great place to start a business because it connects customers and
entrepreneurs effectively. Opening a business here with unique products could have a
positive influence on both the city and nearby cities.
Name of the owner: Ryza Legaspi (Innovatech Owner)
Business Logo
​
This symbol represents growth and innovation driven by the powerful impact of
LED technology. Inside the bulb, the letter 'I' reflects our brand name, Innovatech,
symbolizing creativity and advancement in what we create. The bulb signifies the diverse
ideas within our company that are being applied to our products and this symbol is
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commonly used for ideas, so whenever they think of an idea they would think of our brand
unconsciously. The design in our logo is sleek yet eye-catching, emphasizes the beauty of
simplicity, attracting potential buyers. It embodies our commitment to pushing boundaries
and embracing new technologies for a brighter future. Above all, it symbolizes not just a
product, but our philosophy of progress and aspiration.
Company Profile
The first LED grow lights were invented in 1962 by Nick Holonyak Jr. The first LED
grow lights were powered by a single AA battery and had a red light only, but it generated
more lumens per watt than any other form of lighting at that time. LED grow lights, dating
back to the 1960s, revolutionized plant growth or what we call grow LED lights in the
1990s with NASA's exploration. They gained popularity in commercial horticulture due to
energy efficiency and customizable spectrum, now used in indoor gardening setups. In
present days it seems that the majority of people encounter the challenge of keeping their
plants growing. Trying to find creative solutions to keep your plant healthy and beautiful.
Our prototype is based and inspired on the expertise of Swedish LED manufacturer
Heliospectra, which is well-known for its high-end LED grow lights that use far-red, green,
blue, and red lights to promote plant growth. The sophisticated and innovative solution for
indoor gardening is guaranteed by the integration of technology into our design. This
technology offers effortless remote monitoring from any device in addition to precise
control of light intensity (PPFD). Our prototype strives to provide a state-of-the-art,
user-friendly experience for plant enthusiasts seeking optimal cultivation results, in line
with Heliospectra's dedication to quality. With Heliospectra as a guiding influence, our
prototype represents a harmonious blend of creativity and functionality in the realm of
indoor plant cultivation. Building on Heliospectra's legacy, we aspire to redefine the
possibilities of at home gardening through our innovative prototype.
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Inspired by the legacy of Philips, the Dutch multinational founded in 1891,
Innovatech aligns itself with a commitment to quality and innovation. Philips, renowned for
lights, audio, and healthcare products, employs over 80,000 people globally and notably
leads in LED grow lights, serving sectors like greenhouses, vertical farming, and medical
cannabis. Drawing inspiration from Philips, Innovatech is dedicated to developing
cutting-edge solutions for indoor gardening. Our commitment mirrors Philips' focus on
higher crop quality and increased yields, showcasing a dedication to excellence in the field
of plant growth technology. Innovatech is a company that uses artificial lighting for plant
growth, a concept that originated in the 1860s. Pioneers like Mangon and Prilleux explored
its effects, leading to Thomas Edison's patented light bulb in 1879. Today, artificial lighting
plays a crucial role in modern agriculture, and Innovatech is dedicated to advancing this
legacy to ensure year-round growth and improved yields in indoor gardening.
Innovatech's journey in revolutionizing indoor gardening began with a visionary
team of future engineering students coming together. Fueled by a passion for merging
creativity with botany, our company set out to address the challenges faced by indoor
gardeners. The pivotal moment arrived when we introduced our groundbreaking invention,
the Grow LED Lights with Watering System. Drawing inspiration from nature's precision,
we meticulously designed these lights to provide the ideal spectrum for plant growth,
ensuring that every wavelength contributes to flourishing greenery. At Innovatech, we're
dedicated to offering practical and effective solutions for plant enthusiasts, making us a
leader in indoor gardening technology today.
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Over the years, our commitment to innovation led us to refine and enhance our
product continuously. In 2024, we integrated smart controls, allowing users to customize
their gardening experience remotely through a programmable timer for scheduled
watering time for plants. The introduction of cutting-edge technology not only simplified
the process but also elevated the efficiency of indoor plant cultivation. Innovatech has
become synonymous with user-friendly, high-performance indoor gardening solutions. The
Grow LED Lights with Watering System had evolved into a holistic smart lighting solution,
catering to both novice and experienced gardeners alike. As we step into the future,
Innovatech remains dedicated to pushing the boundaries of indoor gardening technology.
Our commitment to creativity and functionality ensures that Innovatech continues to be at
the forefront of innovations, providing users with the tools they need to cultivate thriving
indoor gardens effortlessly.
VISION
​
Innovatech wants to change indoor gardening with LED lights and Watering System,
making it easy for everyone. We want homes to have green gardens easily, and we want
people all over the world to enjoy it. Our goal is to help people grow plants inside
effortlessly.
MISSION
​
With the help of LED lights and watering system, Innovatech is aiming to optimize
indoor gardening so that every individual can do it. We are developing new lighting and
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techniques to support healthy indoor plant growth. Our goal is to protect the environment
and make indoor gardening enjoyable and easy for everyone.
GOALS​
The Innovatech Company’s primary goal is to make indoor gardening easy and
eco-friendly for everyone by creating a simple system that combines LED lights and a
Watering System.
●​ To improve indoor plant health through innovative technology.
●​ To introduce advanced products for indoor farming.
●​ To develop an efficient LED grow light with a built-in watering system to cater to
plants' specific needs during growth cycles
OBJECTIVES
The Innovatech Company's objectives focus on prioritizing customer satisfaction,
showcasing superior performance, and offering convenient equipment and accessories.
Prioritize customer satisfaction
a. To have loyal customers who recommend our products, driving growth and market share.
b. Happy customers boost profits by paying more for quality products/services, helping us
dominate the market and earn more.
c. To strengthen our brand, making us stand out from competitors and a trusted choice for
indoor gardening.
Showcase the superior performance
​
a. Set us apart, attract more customers.
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b. To build trust on customers that leads to repeat purchase and positive
recommendations.
c. Ensures customer satisfaction and long-term loyalty, driving sustainable growth.
Offer convenient equipment and accessories
a. Provide easier solutions for the concern of customers.
b. To show we care about customers' needs, making their indoor gardening
experience hassle-free.
c. To expand the market by meeting different customers' needs.
​
Organizational Chart​
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​
Job Description:​
​
Business Owner. Leads and manages the operations, decision making and securing
growth and success.​
General Manager. Sets operational goals and targets, tracks the progress, and
adjusts tactics when needed.
Marketing Manager. Promotes products from market plans, conducts research of
the trends and analyzes the effectiveness of ads.
Product Developer.
Designs, researches, and tests products to meet market
demands and customer needs.
Financial Analyst. Evaluates data and monitors financial performance, and
supports financial planning.
General Manager.
Assures the proper coordination and alignment of all
departments and functions.
Customer Service Rep. Responsible for engaging with customers on behalf of their
company
Brand Manager. Ensures the brand of the company is consistent and effective
communication with
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A. Market Profile:
The target market for Innovatech's Grow LED Lights in Bacolod City
comprises commercial growers, urban gardeners, hobbyists, and agricultural
cooperatives and institutions. Commercial growers seek high-performance LED
lights to optimize crop production, while urban gardeners look for compact and
affordable solutions for indoor gardening. Agricultural cooperatives and institutions
are interested in sustainable farming practices and may collaborate with Innovatech
for research and community development initiatives.
​
B. Competitive Analysis
1. Selling Price
Value and cost-based pricing will be the foundations of the business's pricing
strategy. A cost-based pricing approach includes a markup to assure profitability in
addition to setting prices based on the product or service's production costs. It can
be computed by raising the production cost by a specific amount. While
straightforward, cost-based pricing may not always reflect the value perceived by
customers or market demand. Value-Based Pricing: This tactic involves determining
prices in accordance with how much a client believes a product or service is worth.
Through an awareness of the advantages, characteristics, and distinctive value
proposition of its offerings, the business may set prices for its goods and services
that will maximize the value that clients will find. Value-based pricing allows the
company to potentially command higher prices for products or services that offer
superior benefits or solve specific customer problems.
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The business is able to combine profitability and customer value by
combining cost-based and value-based pricing. Value-based pricing, which sets
prices for goods and services in accordance with what consumers believe they are
worth, helps businesses maximize revenue, while cost-based pricing makes sure the
business can continue to operate. With this two-pronged technique, the business
may tailor its price to satisfy both client demands and its own financial goals. All
things considered, the company's pricing strategy that combines value- and
cost-based pricing shows that it takes careful consideration into account when
setting prices, which may help it succeed in the long run.
​
The price of the Innovatech’s product will be based on the production cost
which involves the materials used, services and based on this assessment. The
company may adjust the price upwards if the perceived value exceeds the cost-based
price or downward if it falls below. Estimated for minimum of Php 500.00
​
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2. Competitions
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The Innovatech
Standard Grow
LED Lights
GrowGenius
GrowLights 2022
The grow led
To stand firm and
GrowGenius
lights are very
be able to come up
comes equipped
convenient as it
with this kind of
with a
has the capacity to
product is one of
comprehensive
possess rare or
the strengths of
mobile app that
exclusive features
the business. A
provides users
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​
​
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Strength
like built-in
location where
with remote
watering system
consumers can
access to their
with
easily find and
indoor garden.
programmable
access the market
From the palm of
timer for
with enough
their hand, users
scheduled time to
knowledge of the
can monitor plant
water plants and
personnels. Thus,
health, adjust
uses that sets it
having the
lighting and
apart from its
expertise in
watering settings,
competition.
encouraging the
and receive
Considering the
people in
notifications and
price, it aligns well
purchasing the
alerts, making it
with what the
product. The long
easy to manage
product can give to lifespan of the LED
their garden from
its buyer that will
lights compared to
anywhere,
make them
other traditional
anytime.
satisfied. As
lights makes it
technology
more durable
continues to
together with the
evolve and
various unique
improve over time,
designs of the
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innovatech brings
structure.
new products and
innovation not
only for the people
but also for the
plants. Moreover,
the business is
located along the
side of the roads
where people are
passing by which
is easy to locate.
The personnels
are very
approachable, has
a broad knowledge
about the products
being sold and has
good
communication
skills in order to
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persuade people
to buy.
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Weaknesses
The rapid growth
The high initial
The advanced
of advancement in
cost of the LED
features of
technology
lights brings
GrowGenius
especially for
complexity
GrowLights may
plants production
especially if the
result in a higher
and comfortability,
consumer is
price point
a sudden
budget-conscious.
compared to
obsoletion might
Considering the
standard grow
occur if it fails to
people's
lights. This could
keep up with the
perspective about
potentially limit
emerging
the lights, most of
market
technology that
them are possibly
penetration
already exists.
hard to convince
among
Given the total
in switching to
budget-conscious
expenses for the
LED lights.
consumers and
whole product a
Furthermore,
smaller-scale
higher initial cost
there might be
growers.
can serve as a
uncertainty
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hindrance to a
regarding the
successful market
performance of
penetration.
the product in
plants.
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Opportunities
Due to the
Through gaining
The increasing
customers being
popularity of the
popularity of
satisfied with the
Grow LED lights in
indoor gardening,
grow led lights
adaptability of the
driven by factors
there could be a
indoor farmers,
such as
growing market
the product might
urbanization and
demand for more
expand and reach
the desire for fresh
advanced
people who have
produce
productivity and
not yet discovered
year-round,
efficiency of the
it. LED grow lights
presents a
product.
have a chance to
significant growth
Innovatech can
market it as
opportunity for
explore and
environmentally
GrowGenius
expand into the
friendly options
GrowLights.
industry sectors
given the growing
Expanding its
which are open for
emphasis on
product line and
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more
sustainability and
marketing efforts
improvements
environmental
could help
that will be
preservation
capitalize on this
introduced.
together with its
trend.
unwavering
productivity.
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Threats
A circumstance
Competition from
Intense
where numerous
established and
Competition, the
technology
new players.
indoor gardening
companies are
Technological
market is highly
releasing new
advancement,
competitive, with
products that offer
where risk of
numerous players
similar solutions
obsolescence if
offering a variety
involving lights
unable to keep up
of grow lights and
with our grow led
with
indoor gardening
lights. The
advancements.
solutions.
competitors might
Price pressure,
GrowGenius faces
offer more
where a pressure
the threat of
sufficient or
to lower prices to
competitors
advance of the
remain
introducing
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overall
competitive while
similar products
performance.
sacrificing and
with comparable
Safety Standards
maintaining
features,
and Compliance
profitability.​
potentially eroding
costs can be costly
​
market share.
due to investments
Rapid
in materials,
advancements in
processes, and
technology could
testing in ensuring
pose a threat if
customers safety.
competitors
develop
breakthrough
innovations that
surpass the
capabilities of
GrowGenius
GrowLights.
3. Channel of Product Distribution
We will make use of social media marketing, retail partnerships, online sales
channels, and customer referral programs to efficiently distribute our Grow LED
Lights with Watering System. We'll have an easy-to-use website and be active on
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social media sites like Facebook and Instagram. Our reach into local markets will be
increased through retail partnerships and influencer and gardening experts
collaboration. Attending trade exhibitions offers the chance to speak with
prospective clients face-to-face, and putting in place a customer referral program
will encourage word-of-mouth advertising. We hope to reach enthusiasts all over the
place with our cutting-edge indoor gardening solution by using these channels.
C. Program Analysis of the Marketing Strategy
1. Geographical segmentation strategy
Utilizing its location in Bacolod City, Negros Occidental, Innovatech's regional
segmentation strategy employs a multi-tiered method to systematically target
various markets. The company's initial goal will be to dominate the local market in
Bacolod City and the surrounding area. By leveraging its location in Downtown
Lacson St., it hopes to forge a strong connection with locals, companies, and
institutions. Building on this success, Innovatech intends to reach a wider audience
in the Negros Occidental area by focusing on clients in nearby towns and cities like
Talisay, Silay, and Bago. Through forming alliances with local distributors and
merchants, Innovatech hopes to take control of the indoor gardening industry in the
province. By utilizing online platforms and distribution networks, Innovatech will
reach customers around Bacolod as it firmly establishes its presence in regional
hubs and progressively extends its reach to other parts of the Negros Occidental.
Lastly, in order to better serve clients in nearby towns and match its product
offerings with the demands and preferences of the marketplaces, the corporation
may consider expanding around Bacolod. By using this thorough geographic
segmentation approach, Innovatech hopes to become a market leader in indoor
gardening solutions, serving a variety of clientele in various geographic areas.​
2. Psychographic Strategy
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Innovatech's psychographic strategy revolves around understanding the
values, beliefs, and lifestyles of indoor gardening enthusiasts. By appealing to their
desire for convenience, sustainability, and innovation, Innovatech creates
personalized solutions that resonate with their gardening goals. Through
storytelling, community engagement, and emotional connections, Innovatech fosters
a sense of belonging and loyalty among its customers, positioning itself as a trusted
partner in their gardening journey.
​
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3. Demographic Strategy
Innovatech Grow LED Lights will target a diverse demographic range,
focusing on individuals across various age groups and income levels. Our primary
demographic segments include young adults aged 18-35, plant enthusiasts of all
ages, and senior citizens aged 55 and above. We aim to appeal to tech-savvy young
adults by showcasing the smart features of our LED grow lights, while also engaging
families with our product's ease of use and ability to grow fresh produce at home.
Additionally, our user-friendly LED grow lights cater to the desires of senior citizens
for simplicity and functionality in indoor gardening. By targeting these specific
demographic groups, Innovatech aims to provide accessible and enjoyable indoor
gardening solutions for everyone.​
4. Promotion and Advertising
Over the years, social media has changed a lot and now it's one of the most
popular ways for people all over the world to communicate. Besides this, social
media opened up amazing opportunities for business expansion that enables the
companies to extend their influence. As mentioned by Swaminathan (2020) how
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easy access to information, affordable search engines, and fast information sharing
are driving brands to innovate in their marketing strategies. Companies would get
creative with how they sell and market their brands online. Additionally, social
media is constantly changing, so you have to keep up to adapt to new trends and
challenges.
V.
Production
STEPS TO CONSIDER
PROCEDURE
STEP 1
Gather the LED light panels, watering
system components, housing, and tools
needed for assembly.
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STEP 2
Design the LED light panel’s size, shape,
LED chips and circuit layouts according
to market research and customer
preferences.
STEP 3
Install the watering system by
designing a layout for even water
distributions, installing tubing, and
connecting components to a pump and
water source.
STEP 4
Assemble the resistors, LED panels by
soldering LED chips onto circuit layout,
mounting them into the housing,
connecting wiring to power sources.
STEP 5
Lastly, Test and Quality Control. After
assembling the LED light panels with
the integrated watering system, the next
step for Innovatech is to conduct
thorough testing using the fuse for
safety and quality control measures to
ensure that the final product meets the
company's standards and customer
expectations.
​
VI. Financial Feasibility
A. Start Up Cost and Working Capital
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By starting with an assessment of the start-up and working capital costs,
Innovatech diligently analyzed the various expenses associated with tools,
equipment, materials, and services. Next, we estimated the anticipated sum needed
to pay for working capital and startup expenses so that we could manufacture our
product.
For LED lights panels, we’ll have LED chips (P150), we have Tubing (P20),
Small water pump (P200), Fuse Holder & Fuse (P41), Resistor (P50), Switch (P50),
housing for the LED panels and watering system (P300), Step-Down Transformer
(P300) and for cycle system we have programmable digital timer (P200). A total
sum of Php 1,311.00 for all the materials needed.
Materials
Cost
LED chips
Php 150.00
Tubing
Php 20.00
Water pump
Php 200.00
Fuse Holder & Fuse (Safety)
Php 41.00
Resistor (1k 1/4w)
Php 50.00
Switch
Php 50.00
Housing of LED Lights and watering system
Php 300.00
Timer
Php 200.00
Step-Down Transformer
Php 300.00
TOTAL:
Php1,311.00
​
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024
UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
B. Cash Flow Forecast
The following table estimates how many of Innovatech’s products of Grow
LED Lights with Built-in watering system we can sell, their prices, and the sales we
can receive.
Innovatech’s Grow LED Lights with sprinkler system in different sizes sales:
Item
(Sizes)
Unit price
Estimated
number of
sales(daily)
Estimated
sales(daily)
Estimated
sales(monthly)
Estimated
sales(yearly)
Small
Php 310.00
5
Php 1550.00
Php 46,500.00
Php 558,000.00
Medium
Php 580.00
6
Php 3480.00
Php 104,400.00
Php 1,252,800.00
Large
Php 899.00
2
Php 1798.00
Php 53,940.00
Php 647,280.00
Php 6828.00
Php 251,340.00
Php 2,458,080.00
Total:
On the other hand, the following table shows our sales forecast:
Sales forecast
Year 1
Year 5
Year 10
Innovatech’sGrow
LED Lights with
sprinkler system
Php 2,458,080.00
Php 12,290,400.00
Php 24,580,800.00
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024
UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
Innovatech's Grow LED Lights with integrated watering system offer an innovative
solution for indoor gardening enthusiasts, providing efficient lighting and
automated watering to support plant growth. The product comes in three different
sizes to accommodate varying needs and spaces, catering to a diverse customer
base.
​
The sales forecast illustrates a promising trajectory for Innovatech, with projected
revenues increasing steadily over the years. In the first year of operation, sales are
estimated to reach Php 2,458,080.00, demonstrating a strong initial uptake of the
product in the market. As awareness grows and the product establishes itself as a
reliable choice for indoor gardening, sales are expected to soar to Php 12,290,400.00
by the fifth year and Php 24,580,800.00 by the tenth year.
​
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024
UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
This upward trend reflects both the growing demand for indoor gardening solutions
and Innovatech's ability to capture and retain market share through its innovative
product offering. The consistent growth in sales underscores the effectiveness of the
Grow LED Lights with Watering System in meeting the needs of consumers and
maintaining a competitive edge in the market. With a clear path to profitability and
sustained demand for the product, Innovatech is poised for long-term success and
continued expansion in the indoor gardening industry.
​
VII. Project Implementation and Timetable
Project Implementation
Finding a spot that is accessible for a business is important which is why we’ve
selected Downtown Lacson St. in Gonzaga as our location because it's busy and easy to
spot, making it perfect for showcasing our products. After the location is to conduct a
survey to investigate the effectiveness and what are the needs of potential buyers. Next are
the necessary permissions and equipment, we're getting our staff ready to provide great
service to people. We'll start with a soft opening to test things out before our big grand
opening event. The Downtown Lacson St. Gonzaga Business Venture is a project aiming to
set up a successful business in Bacolod, Philippines. Starting with finding the right location
and understanding the market from May 3 to May 27, 2024, the project moves on to testing
products from June 4 to June 18, 2024. The next steps involve getting necessary permits
from the Bacolod Government Center for building and safety from June 25 to August 13,
2024. Then, we'll gather the tools we need from August 20 to September 19, 2024, and hire
staff from September 28 to November 30, 2024. After training them from December 9 to
December 28, 2024, we'll start production from January 15 to January 25, 2024. Finally, we
plan to open our doors on February 18, 2024. By following these steps, we hope to create a
successful business while ensuring everything is legal and safe.
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024
UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
Timetable
DATE
ACTIVITY
KEY RESULTS AREA
May 3- 16, 2024
Location Scouting
Downtown Lacson St.
Gonzaga
May 20-27, 2024
Market Survey
Downtown Lacson St.
Gonzaga
June 4-18, 2024
Product Testing
CoPartner’s Building
(Indoor Garden)
June 25, 2024-July
15,2024
Processing of Building
Permit
Bacolod Government
Center
July 18,2024-August
13,2024
Processing of Safety
Permit
Bacolod Government
Center
August 20, 2024 - Sept
19, 2024
Gathering of Machineries
and Tools
Online shops, Downtown
markets
Sept 28,2024- Nov
30,2024
Hiring of Personnel
Local Area
Dec 9, 2024-Dec 28 , 2024
Orientation
Management
Jan 3-Feb 10,2025
Production
CoPartner’s Building
Feb 18, 2025
Soft Opening
Downtown Lacson St.
Gonzaga
References:
NegOcc, Bacolod City shortlisted as most business-friendly LGUs. (n.d.). Philippine News Agency.
https://www.pna.gov.ph/articles/1082118 ​
​
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024
UNIVERSITY OF NEGROS OCCIDENTAL-RECOLETOS
Bacolod City
INTEGRATED SCHOOL|SENIOR HIGH DEPARTMENT
ENTREP 080
Cowgill, B., & Dorobantu, C. (2019). Optimal segmentation in platform strategy: Evidence from
geotargeted advertising. In Columbia University Working Paper.​
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LED grow lights for plant production - Oklahoma State University. (2017, April 1).
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https://www.linkedin.com/pulse/commercial-led-grow-light-market-overview-regional-study-srivas
tava
Murad, M. A., Razi, K., Jeong, B. R., Samy, P. M. A., & Muneer, S. (2021). Light Emitting Diodes (LEDs) as
Agricultural lighting: Impact and its potential on improving physiology, flowering, and secondary
metabolites of crops. Sustainability, 13(4), 1985. https://doi.org/10.3390/su13041985
UNO-R Integrated School Grades 11 & 12 | STEM Department | AY 2023-2024