Taylor Rosenthal has already secured 100 orders for his invention - and has been given his own office from which to run his business
A 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.
Clarinda Jones, Taylor's Young Entrepreneurs Academy class teacher, said: "It has been amazing watching Taylor grow over the past year into this confident and amazing business man.
"Even with all of his success, he remains humble and ready to help others. He's just 14. Bill Gates should be worried."
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