Qazaq-English Online Dictionary with 400,000 + words for the pupils, students, Kazakh diaspora abroad, translators, anyone who needs to write/read texts in 2 languages (KK-EN)
Current Status
Operating web-site with 250,000 + words database
Market
All pupils and students, studing in Kazakh language; Kazakh diaspora abroad (over 4,000,000 people), anyone interested in learning Kazakh/English.
Problem or Opportunity
Commercialisation is required
Solution (product or service)
Consulting services; Market research for this type of product; Updating the web-site functionalities; Promotion/advertisement.
Competitors
lugat.kz, multitran.ru, sozdik.kz
Advantages or differentiators
Correct and validated terminology, vast database (400,000 words vs 60,000 of the nearest compepitor)
Finance
Translators Group has already invested 20,000 USD in front end and back end development, translation of terminology databases. Looking in more investments for promotion and commercialisation.
Business model
Paid advertisement placement at the site
Money will be spent on
-Market research; -Promotion and advertisement in the mass media and social networks; -Commercialization project.