The 14-year-old school boy has come up with a multi-million pound idea - to create vending machines that dispense first aid kits. Taylor
Rosenthal, from Opelika, Alabama, then rejected a $30m (£20m) offer
from a 'large national healthcare company' in favour of holding on to
his idea himself.
He has already raised $100,000 (£69,000) in
angel investments and intends to make money by selling the machines for
$5,500 each (£3,800).
Six Flags theme park in the US has already put in an order for 100 vending machines.
Taylor told CNN Money : "We had to come up with a business idea.
"Every
time I'd travel for a baseball tournament in Alabama, I'd notice that
kids would get hurt and parents couldn't find a band aid. I wanted to
solve that."
Customers are offered a variety of products in the
vending machine from prepackaged first aid kids ranging from £4 to £11
in price.
But individual items, including plasters, rubber gloves,
anti-septic wipes and gauze pads, are also on sale for between £4 and
£14.
Taylor said he is also open to advertising on his machines.
He is now the youngest CEO at Round House, a start up incubator in Opelika founded by Kyle Sandler, and even has his own office.
14 year old Schoolboy rejects £20m offer for his unique machine idea
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