Dragons Den Nova-Flo pitch

James & Ian face the dragons.
Featured pitch on Episode 1 of Series 3.

Category:

Entertainment

Tags:

• dragon
• dragons
• den
• business
• pitch
• entrepreneur
• winning
• novaflo
• nova-flo
• novaflow
• nova-flow
• noverflo
• noverflow
• barnham

[mkadiri05]

This is an interesting situation how exactly did the university come about filling the patent to your idea, was this idea your final year project? I think it's unfair how others try to profit off of your great idea and of course 40% is just too much.

[NovaFlo]

@mkadiri05 The development of Nova-Flo was through a Masters in Enterprise course at London South Bank University. The Uni paid the Patent costs and supported me greatly to get the business up and running. They originally retained 10% of the business and held the Patents which was an exceptionally good deal for me. They assigned me exclusive rights to the Patents and provided enormous security against infringement. A wonderful deal! The Dragons were just trying to pick holes wherever they could.

[rugbyfitness792]

Easily the best presentation of anyone on the den

[NovaFlo]

@rugbyfitness792  Thanks for your kind comment.

J.

[ricktbdgc]

bet the push fittings will leak and cause 50 million in damages

[NovaFlo]

@ricktbdgc The push fittings will only leak if you ignore the fitting instructions. Accelerated Life Testing on the push fits on the Nova-Flo valves by a leading UK testing laboratory tested water running through a sample of the valves switching between hot and cold every ten minutes for 5000 cycles. Additionally the valves were pressurized to 10bar constantly throughout the test.

This is a very good indicator that no possible leaking will occur over time even in these very high parameters.

[onezerozero1001]

Hi James

Great invention.

Good decision on the show.

Did things work out?

I really hope so.

Kind Regards

[paft]

I don't really watch much TV but I just saw this as a little clip on Charlie Brooker's ScreenWipe S02E04, FYI and had to see what it was about.

[dilwich123]

Fantastic invention & very professional pitch.

[sirpico123]

this is genuinely a good idea

[bluehorse888]

I would have taken the 40 % deal. Unless you're independantly wealthy, in which case you wouldnt be on the show to begin with, you need cold hard cash to do anything. And also being a business owner myself, I know the value of knowledge in business. You can't buy it, it's trial and error. You could probably learn so much from those dragons about business and with the cash injection it's really a goiod deal IMO. You could have lots of money and still flop without guidance.

[TheMikelee93]

he did get better offers, i attend London South Bank University and he is my lecturer, he got the 150,000 for 22 percent of his company, and now operates in many countries, mainly through hotels.

[mrskywalkerr]

@iloveb00bs00 I heard he later got better offers from other entrepreneurs. not sure though

[teeray12]

The Canadian Dragons Den is by far more entertaining and interesting.

[Jez2008UK]

I don't see the issue here. It's like there isn't really a problem and the product is being talked up using fear and "what ifs".

How much does this item cost to buy? And to retro fit you will not get a plumber charging for 20mins to retrofit (more like 1/2 a day).

Probably more useful to sell to developers, hospitals, hotels, landlords....

[iloveb00bs00]

@NovaFlo 40% might have been to much but your valuation of the company was way off at the time of your offer! 1.5 million pounds for the company under the specific circumstances you were in regarding the patent & partnerships? Are you mad? They were right in rejecting your offer at the time & any sane investor would have done the same.

So what was the turn out? How is your company holding up after all this time?  Have you turned a profit? Are you happy with the outcome?

[colossus3200]

o good finally someone not dumb enough to give up half of what they have worked for to these idiots for chump change....compared to what this invention will actually, most likely, profit