January 18, 2018

14-year-old schoolboy rejects $30 million offer for his vending machine idea

By Khaama Press - Mon May 16 2016, 2:35 pm

US schoolboy vending machine ideaA 14-year-old schoolboy in United States has rejected an offer of $30 million from a healthcare company for his vending machine idea.

Alabama State of United States came up with the idea of a first aid kit dispensing vending machine says he has turned down a substantial buyout offer.

He is planning to sell the machines for $5,500 each and has already raised $100,000 in angel investment, according to CNN Money Program.

Taylor has said he worked on the idea to solve the problems of the kids who are getting hurt while playing in the parks.

“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,” he said. “I wanted to solve that.”

The machine will supply prepackaged first-aid kits for dealing with issues like sun burns, cuts, blisters and bee stings (they run from $5.99 to $15.95).

The customers can also buy individual supplies like band-aids, rubber gloves, hydrocortisone wipes and gauze pads, which cost $6 to $20.

According to reports, six Flags theme park has already put in an order for 100 machines.

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  1. I heard about this once and I think that the boy is very amazing! It’s a pity that he rejects the offer but I’m sure that he knows what he’s doing! Hope that he will come up with new idea in the future!

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