Entrepreneurial Minutes
Ask Beatrice
Our Product /Service
Ask Beatrice brings the data regarding the parking rules and regulations directly to their computer or smartphone. We not only show users where paid parking is possible, but also show the “hidden gems” where free parking is available for the times they want to park. Additionally, we give them access to the parking rules cities don’t show on the signs around town. Rules normally buried on city websites are delivered directly to their phone or web browser along with hints and tips.
Our Market
Ask Beatrice has different markets for its different products. The Parking WIDGET is our lead product and is targeted for merchants in urban locations where on-site parking is often unavailable. The total US market with these characteristics is estimated to have potential for as much as $1.4 Billion Dollars. Based on customer interviews, we expect around 15% (or over $224 Million annually) of this market would be subscribers of Ask Beatrice. Quickly following the Parking WIDGET would be our ParkingApp product for motorists with an additional $500 Million in potential customers.
Our Needs
We are looking for $400,000 in new funding to build the MVP of our ParkingApp product and scale our data collection toolsets.
Feedback We Seek (from the panelists)
- Clarity of concept and business model
- Impression of Market Assumptions
- Our business model
- Scaling Priorities
Contact Information
LearnBolt
Our Product /Service
LearnBolt is a mobile learning solution designed to make it quick and easy to organize, create and share learning ideas from anywhere at any time. If you have an idea for learning, LearnBolt helps leap the hurdle of getting started by igniting your idea with Learn Path types such as HOW TO, Lesson, Report, Tour, and Abstract to name a few. Features include an ever-growing library of Learn Path Types, Various Theme designs to match your idea, content, and audience, quickly capture and add audio, video and images, search, find and grab content from web, Facebook, Instagram, YouTube, or cloud storage such as Dropbox, and Google Drive. Designed to support various learning styles and knowledge levels from a single LearnPath. Share from Local device or post to cloud for others to learn. Initial release in iOS with Android to follow.
Our Market
LearnBolt is a versatile product and could be used in all areas of learning, but our initial focus will be on corporate training. In 2013 Corporate learning and training grew 15% in the US to 70 billion and 110 billion worldwide. Our business model is a freemium tiered system, with custom corporate white label options. LearnBolt’s unique design provides the ability to deliver and consume content from the LearnBolt branded App or a Custom corporate branded version. Based on our experience and research there appears to be a great need to find a more efficient way to collect knowledge from Subject Matter Experts (SME) for the purpose of creating training to share with the organization. Our initial plan is to attack this specific need through corporate training partners and internal sales and marketing efforts.
Our Needs
We are looking for a capital investment of $250,000 to fuel future marketing and development. We are also seeking a Corporate Learning Partner(s) and potentialadvisory board members with ties in the EdTech industry.
Feedback We Seek (from the panelists of the day)
- Style of your pitch
- The business idea
- The business model
- Fundraising, team building and any others that may be relevant based on the pitch
Contact Information
founder & ceo: Steve Albanese phone: 617-440-4432 mobile: 617-676-7547
e-mail: [email protected] twitter: @learnbolt web: www.learnbolt.com
Our Product /Service
FitShares offers a mobile web-based platform to health clubs and other fitness organizations to provide powerful tools for workout management, fitness analytics, and automated social media messaging. FitShares provides these clubs within a powerful platform to support new member recruitment, upselling of services, and member retention.
Our Market
The $75 billion health club industry is experiencing rapid and dramatic change as there is a strong trend away from independent equipment-based workouts. Instead, people are opting for instructor-led group fitness workouts in the form of group exercise classes, boot camps, and functional training sessions. Along with this group fitness trend, the emergence of Crossfit and like-minded group training organizations have made extensive use of social media a critical element in club marketing. Social media has, in fact, become the de facto platform for fitness communications.
While the vast majority of fitness technologies continue to market directly to end-users, we see a significant opportunity in this trend toward ‘social fitness’ by offering a fitness management and social media messaging platform to fitness organizations in search of a competitive advantage in the face of this shifting landscape.
Our Needs
We are currently in private beta with a number of clubs and are seeking to expand our management team in preparation for go-to-market in the next few months.
FitShares
119 Drum Hill Road, #251
Chelmsford, MA 01824
FotoDish™ - “We let the food do the talking”
Good evening everyone, my name is Albert and my product is FotoDish, a mobile application that would change people’s dining information, options and experience.
The Need of Diners
There is no doubt that people enjoy eating out. However, we believe there isn’t sufficient information for people to make quick and smart dining decisions. We have hundreds of websites to search the restaurant name and schedule, but very few of them contain real food pictures and interesting stories behind the theme and specials.
The Need of Restaurants
At the same time, there is a need among restaurants to promote themselves to the users of mobile devices in the younger age demographics so important to survival and growth of many urban restaurants.
The FotoDish solution to those needs
So we decided to develop FotoDish, a mobile application that contains Professional Generated Contents concentrating on restaurant information and communication. We choose to present professional-grade real dish photos as our starting point to gain credits from App users and Restaurant owners. Our next step is to invite food lovers, bloggers and restaurant owners to share their information, experience and stories on FotoDish.
Market and Beta Testing
Our target market is restaurant mobile marketing. The Restaurant Mobile Marketing industry is a $5 billion market and growing. We are currently in beta testing with 178 restaurants in Boston, Cambridge, Somerville, Brookline and adjoining communities. The reception to our mobile app among restaurants and users has been positive.
Revenue Roll-out
Within six months, we plan to begin to monetize our apps with Boston-area restaurants. Our projected revenue in the next 1-2 years is around $2 Million. And we believe we are right on the path of many giant company’s plan which gives us huge potentials become partners or acquisition target in the next 2-3 years.
Team
The greatest advantage of FotoDish is our Co-founder team. Three of us are software engineers that can internally handle all the development work from the back-end to the front-end, iOS and Android, which gives flexibility for the app development and also ensures the quality of the application. Other Co-founders have experience in business operations, marketing and sales, as we sell to the restaurant industry – giving FotoDish a strong, versatile and comprehensive team.
Financing
We just closed a $100,000 seed round of financing and will seek an additional $500,000 to fund our roll-out.
Contact Information
Han Wang, CEO / Albert Xuan, COO
Farseer, Inc. d/b/a FotoDish
Cell: 781-392-6150
Office: 857-362-8382
371 Moody Street, Suite 104
Waltham MA 02453
There was no eMinute presentation for the March 4, 2014 meeting.
One Hen, Inc.
Our Product /Service
One Hen, Inc. is a non-profit organization that produces educational curriculum and resources for teaching elementary and middle school students social entrepreneurship via four core values: financial literacy; global awareness; personal initiative; and giving back. One Hen’s flagship One Hen Academy program offers educators a project-based enrichment curriculum that can be easily integrated into the traditional classroom structure or after-school programming. Through the Academy, students receive micro-loans to start an entrepreneurial venture, then identify needs in their communities, and ultimately donate the business profits to charities of their choice.
Our Market
Our target market is elementary and middle schools as well as afterschool program providers. We reach 2,000+ students a year with direct programming and hundreds of additional educators via our website. We are looking to capture more of the school and afterschool market through partnerships with organizations that can bring the One Hen program to scale, both nationally and globally.
Our Needs
· We seek advisors who have knowledge or connections to the EdTech community.
· We seek introductions to schools who may use our program.
· We seek pro bono tech support, designers, and developers.
Feedback We Seek (from the panelists of the day)
Ways to translate this pitch to engagement from the tech and innovation community in greater Boston.
Contact Information
Helen Rosenfeld, Executive Director
617.651.1HEN (1436) | [email protected]
Charged Concepts
Our Product /Service
The Charged Concepts’ solution is to provide a network of kiosks that vend mobile charger packs for rental or purchase, which grants customers the mobility and convenience needed to make that important phone call in private, and to then continue moving while their smartphone continues to charge in their pocket, purse, backpack, or brief case. Current mobile charger packs require planning ahead and generally a hefty upfront purchase fee. Charged Concepts is looking to provide customers with an easy point of entry when in dire need of a charge and a low cost opportunity to try the mobile charger pack before making a final decision on purchasing one. In short, Charged Concepts would like to become as ubiquitous to mobile charging as Redbox is to media rentals, providing customers with a convenient and mobility driven solution.
Our Market
Charged Concepts' target customers are heavy users of smartphones in busy urban environments, specifically: tourists, commuters, business persons, and those who actively use Social Media or location based services. Other target customers can be found at locations such as sporting events, entertainment venues, transit hubs, shopping centers, and amusement parks. In reality, our customer is any individual who is in immediate need of a charge to keep their smartphone powered and connected.
Our Needs
We are looking for an investor or investors who will not only provide us with the capital necessary to launch our proof of concept pilot but also someone who can mentor and guide us to help Charged Concepts redefine the mobile charging and power distribution market.
Feedback We Seek
We are open to any feedback that the panelists and anyone else is willing to provide. We are very open-minded to new ideas and thoughts. We would especially appreciated feedback on the style and content of our pitch, the business idea and model, as well as new and interesting ways to raise funds.
Contact Information
Wayne Penn | Charged Concepts
329 Brook Village Road, Unit 3
Nashua, NH 03062
(t) +1.857.334.9888
(e) [email protected]
Andrew Giroux | Charged Concepts
329 Brook Village Road, Unit 3
Nashua, NH 03062
(t) 1 774 930 4824
(e) [email protected]
FLOELLE INC
Jerrold M. Shapiro, Ph.D., President
(508) 875-3993
Fifty two million women in Europe and the US involuntarily leak urine when they cough, laugh, sneeze or otherwise raise the pressure in their bellies. Floelle Inc. is developing a medical device to stop these leaks. Residing in the mid-urethra and replaced at her annual exam to maintain its antimicrobial properties, the device allows normal urination but automatically blocks urine flow during spikes of abdominal pressure. In addition to increasing the quality of their lives, the Floelle device saves incontinent women the cost and inconvenience of changing pads ten times a day, saves their insurance company the high cost of surgery, and provides new revenue to over a million general practitioners. Women who start using the device will continue using it for the rest of their lives, providing recurring revenue and a financial model of constant growth. Floelle Inc. has raised seed capital, filed the full patents in the US, Europe and Japan, has built its first prototype, is setting up its quality management system and regulatory strategy, has designed its clinical trial, and is now seeking $600,000 to conduct this clinical trial. Once cleared by the regulatory authorities, the device will be sold via strategic partners already in this space, and after five years Floelle Inc. will be acquired by one of them.
Patient Talkback
Our Product /Service
Patient Talkback is an easy to use and patient feedback platform for medical facilities. Through the use of mobile technology, medical facilities can easily get real time feedback about the quality of service in which their staff provides. To use the system, patients or their family members scan a QR code and an "app” appears on their mobile device , or they can use a device that the hospital provides. They can provide feedback on many topics including the food, the room environment, the staff and Etc. They can choose to report dissatisfaction on a variety of categories and items of interest. Our solutions allows patients and their families to give hospital feedback at any level of detail. Also, medical facilities can respond real time to the feedback they receive and receive valuable information to improve service to patients. In essence, this also can decrease formal complaints to the administration of a medical facility because the staff is better empowered to correct problems before they grow more serious.
Our Market
Our market is primarily medical facilities. We hope to monetize this market through a freemium model in which we provide a limited amount of data for free, and then facilities pay for higher levels of data and analytics. Our secondary market consists of consumer healthcare, pharmaceutical and food manufacturer advertisers. Our product is well-positioned to capture some of the $1.18 billion that healthcare advertisers spend each year on digital advertising.
Feedback We Seek (from the panelists of the day)
I am seeking feedback on my pitch, and I want to learn how well I have “sold” the Patient Talkback Service.
Contact Information
Michael Krieger; phone: 617-651-1457; email: [email protected]
Kalyan Kalwa; phone: 617-806-6199; email: [email protected]
EdTrips Overview
Our Product:
EdTrips is an online platform that makes it easy to manage educational travel, from K-12 to higher ed and beyond. Every day, hundreds of thousands of teachers still manage field trips entirely on paper. Students as young as six years old are carrying important forms and cash/checks back and forth from school in a backpack. It’s antiquated and not secure. More to the point, it’s a frustrating and time-consuming process for teachers and for busy parents. EdTrips is working to put the entire trip process online, from finding trip ideas to collect forms and payments, so every teacher can easily give their students the experiences that change their lives.
Our Market:
We address the $10 billion/year educational travel industry. Our target audience includes the teachers themselves, schools, school districts, universities, and community groups. We’re also for homeschooling groups, religious organizations, and adult education programs. We’re for anyone looking to organize travel geared towards learning, whether it’s around the corner or around the world.
Our Needs:
Right now, our number one need is funding, and to spread the word to teachers. We’re also very much looking to expand our partnerships with educational travel companies and venues, such as museums.
Feedback We Seek:
Intros and connections to schools and field trip venues
Overall feedback:
CoFounder Contact Information:
Jake Garrow
Laura Wallendal
Tenacity Health
Our Product/Service
Our Market
Our Needs
Classroom 21
Our Product /Service
Classroom21 is a web application that combines Customer Relationship Management tools and tactics with Big Data to create better learning experiences for students in grades 4-10. For decades, the major educational publishers have created “how-to” manuals that are increasingly ineffective. 68% of students are not math proficient when they graduate high school. Today’s information-savvy students want to know why math is relevant to them. To meet their needs, Classroom21 re-purposes the world’s numeric data and provides teachers with lessons that show students how math is used to convert real world, authentic numbers into relevant and useful information. The service: 1) provides a logical, contextual foundation for learning math, 2) is aligned with research on best-practices, and 3) enables teachers to create better math experiences for their students.
Our Market
The math education market is $2.6 Billion annually. Approximately 28% of mathematics class time is spent using digital tools and/or digital content. Our objective is to seize this block of time and transform it by providing schools with a better solution. Every year, roughly 37 million students enter college or the workforce below basic math proficiency levels. The market is ripe for a makeover and Classroom21 provides the service to bring real innovation to our nations schools.
Our Needs
Faze1, Inc.
Our Product /Service
Faze1, Inc. is a lead generation provider for the residential solar sector. We use proprietary technology to identify and attract prospective buyers and deliver the highest quality leads to our partners. We have a unique combination of solar industry experience, proprietary geospatial technology, and data mining and predictive analytics techniques that allow us to increase conversion rates and accelerate the adoption of solar technology. Faze1 leverages highly targeted direct marketing campaigns to engage and nurture leads for its residential solar partners.
Our Market
The residential solar sector has grown 34% from 2011 to 2012 representing a $2B market with only a 0.4% market penetration. It is a fragmented market with approximately 5,000 solar service providers throughout the U.S. and a high proportion of them located in about one dozen of the most active solar markets. The Massachusetts residential market is ranked 5th in the U.S. and grew 70% from 2011 to 2012 with nearly 3,000 homeowners going solar last year. Faze1’s model is designed for scalability via our virtual sales automation tool and ability to leverage service providers in our target markets. We are looking to capture 10% of the Massachusetts market through our channel partners and scale our efforts in other states.
Our Needs
We are seeking growth capital to scale our services and advisement from direct marketing gurus.
Feedback We Seek (from the panelists of the day)
We are looking for feedback on our pitch, business model, and how fundable our project is. Our business has been operational for 7 weeks and has begun to generate revenue. Given our current status, we’re most interested in what the panelists think we should do next.
Contact Information
Marc A. Guy, co-Founder
(617) 520-4508
Eliot Goodwin, Co-Founder
(518) 636-9131
Urvideoprofile
Our Product /Service
Urvideoprofile uses video technology to make the process of hiring a caregiver easier and less time consuming. The platform enables family members to obtain a more accurate representation of different candidates, so that they can find and connect with the perfect caregiver for their aging parents. No need to go through multiple, static resumes and endless interviews with different candidates to find the right person. Urvideoprofile saves you time and money.
Our Market
The aging population is increasing due to a variety of factors. AARP estimates that there are 49 million members of the senior population in the US right now, and by 2025, there will be 72 million (1/5). Revenue of the home care industry in 2012 was up to $70 billion. The home care industry is booming. Studies show that 84 % of Americans would rather age in their homes than move to an assisted living facility or nursing home.
Our Needs
We are looking for funding, advisors, and partners who can help us grow quickly and expand to other states.
Feedback we seek (from the panelists of the day)
-Fundraising
-The business model
Contact Information
Florence Furaha: CEOof Urvideoprofile
Email: [email protected]
Phone: 617-935-2063
Arnauld Kuhlein: CTO
Ritah Nakandi: Business development Manager
XCube Communications
Our Product /Service
Our StreamX product is an EMC, Google, Hadoop system on steroids for streaming data.
It creates a toolset for acquiring, storing, finding, mining, and effectively using Big Smart data. Our product can be seen as private cloud storage system with a customizable search engine and massively parallel execution engine. – We let our users create knowledge from their data and then use that to run analysis based the search results.
Our Market and there is a real race out there
Initial market is safety critical autonomous vehicles especially automotive and UAV. The active safety and autonomous vehicle market is exploding, but there are no good tools to help the companies effectively develop, test and certify their systems. There are about 200 new car models on the US market alone each need testing and certification. Our system will significantly reduce their 4-6 year development cycle and we can become the standard for certification.
Second market is the emerging large data analytics. Our system is the perfect tool for analyzing data that is not textual and which meaning need to be computed. Examples of those markets are pipeline inspection, city surveillance, coastal and border defense and more. Estimates of the BIG DATA market is in the $25B annual, we address a GREEN SPACE working with streaming measurement and video data.
Our Needs
We are looking for angel or venture investment of $500K to $1M to ramp up sales and solidify our leadership position in the automotive market as well as to develop the commercial and defense big data opportunities. The funds will be used to build the sales force, develop marketing and add full time QA to engineering. We will grow the business form current $3M to $40 within 3 years and become the market leader in our field.
Feedback We seek from the panelists of the day
We would like help with clarifying the product and markets to allow for a condensed explanation. Our market and product is hard to condense to a few sentences.
Ideas on fundraising and valuation of the company would be appreciated. We have an international business and a distributed team. Should we separate the offerings?
Founder Contact Information
Dr. Mikael Taveniku: Entrepreneur with 25+ years of experience product strategy, international business, complex systems, machine learning, radar, sonar, and high performance computing. Ph.D. CSE, M.Sc. CE, M.Sc. C.Sc., Undergraduate ME, Swedish Army, 2lt. Combat Engineer.
Mr Christian Wigren: Entrepreneur with 25+ years of expertise in Automotive and telecommunications engineering, building and running business units. M.Sc. C.Sc. and CE, B.Sc. Mathematics
Please contact Mikael Taveniku at +1(978)394-6199, or email [email protected]
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