14 year old Schoolboy rejects £20m offer for his unique machine idea

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