A smart city should be easily accessible to visitors and residents, and travel across the city should be problem-free. The aim is to provide a multifaceted, efficient, safe and comfortable transport system, which is linked to Information Communication Technology (ICT) infrastructure and open data.
Smart Society provides Internet based solution for the end-to-end Management of Office & Apartment Complexes (Commercial & Housing Societies). Through automation & timely information, Smart Society helps reduce time, effort & manual errors, leading to lowering the overall costs of managing the complex.
The elevator pitch stems from the idea that you should be able to deliver a short summary of your project within the time it takes for an elevator ride, so about 30 seconds. Sounds challenging, right? You have a mere 30 seconds to hook the investor(s) and convince them that your idea is worth their time and money. Experienced investors will weed out good ideas from the bad ones within the first minute so keep it simple and captivating.
Elliot Loh from 500 Startups suggest you follow this simple formula: We solve [problem] by providing [advantage], to help [target] accomplish [target’s goal]. We make money by charging [customers] to get [benefit].
Too many startups create products that aren’t really solving any true problems, but rather focus on a temporary market need with the goal of making a quick buck. Look at the evolution of daily deals as an example; the demand rapidly dissipated once the market reached maturity and saturation. “The problem” is your most important asset so it’s imperative to make the investor feel the pain point. Why is this an important problem to solve and how does it affect the end user? One great technique is to use storytelling at this stage and call from personal experiences. More often than not, if it’s a problem you are experiencing and are passionate about, other people have experienced the same problem and the message will ring true. Keep it punchy, visual and always keep in mind the point of view of the end user. If it makes sense to engage the investors then do so; ask them how often they have this problem and how they feel about it. Don’t overload the investors with information, just make sure they feel how terrible this problem is and how no one is currently addressing it in an effective manner.
How is your product is going to improve the world by fixing this problem? How does the world look after your solution is implemented? Is everyone happy? Remember KISS. Many entrepreneurs lose their shit at this point and start to get way too technical without actually showing how the product is solving the problem at hand. Keep it visual and to the point. If you have a great design-based product then do a quick demo, but make sure it’s not too long and don’t get lost in the features and complexities, you will lose the investors. Oh, and make sure the demo works. You would be surprised how often entrepreneurs make this fatal mistake. Mission: make them understand why your product solves the problem far better than anything else.
If you are going for a top down approach, then come to investors with valid research and cite your sources. If you walk up and start saying that the market for princess tiaras is approximately €5 trillion then you won’t get taken seriously. If it’s bottom up approach, then base the market size on your current traction multiplied by users/services over time. Don’t get carried away with the numbers here, just show the market is interesting for investors. Ultimately, they are looking for a sizable return on their investment so show them the potential!
How are you going to make money? Recurring revenues or one time payment? Fixed pricing or dynamic pricing? Understandably, this is one of the most important points for investors. Don’t show them 50 different revenue streams, focus on 1, the most profitable one. Make it work and then, as you evolve, you can add extra layers.
What have you done so far to capture new users and how will this evolve over time? What is you model for growth? Sticky, viral or paid? If it’s paid, how much does it cost you to get a new user/buyer? If it’s sticky, what is your churn/retention rates and how have they evolved over time? If it’s viral, what are your KPI’s, viral coefficient, etc? What marketing channels will you use? How will you apply this model when you enter into new markets? Having a poor acquisition model is where many startups fail so knowing your market strategy inside and out is crucial when meeting with investors.
An idea isn’t worth anything without its execution. Ever wonder how startups at the idea phase can raise huge seed rounds from renowned investors? It’s typically due to the value of experienced entrepreneurs with successful exits under their belt. What relevant experience and skill sets does your team bring to the table? If your team is virgin and doesn’t have much (or any) experience in the sector, then focus on the pertinent points and look for other strengths. Don’t shy away from this topic because you lack industry experience as sometimes the best companies are built by teams with diverse backgrounds and a fresh perspective.
What have you achieved so far? Are you generating revenue? User growth? Any top clients/partnerships that you can show off? Do you have any relevant KPI’s? If you do, then check out this article for key metricsthat investors want to see. If you have absolutely no traction to base any future projections on, then base it on industry standards and well-researched and intelligent hypotheses.
What do you need to be able to realize your project’s potential? What do you need that you don’t currently have and why? Define exactly what you are looking for and explain in detail how the funds will be distributed. Be precise and don’t be ambiguous with the capital you’re seeking and your justifications for giving up your equity. Expect tough questions and investigation from the investors as to why you think you will need €X amount for your business. I hope this provided some basic insight to creating a great startup pitch deck. Good luck with all of your future investor showdowns and remember, your pitch is EVERYTHING – so get it right!
Investors will be particularly interested in your underlying technology (both existing and that in development). This slide of the investor pitch deck can address:
The price required to make a product or the implementation of a project is always a crucial thing. It decides the demand of the product as well as the feasibility of the project
Smart Homes connect the devices and appliances in your home so they can communicate with each other and with you. Any device in your home that uses electricity can be put on your home network and at your command and the home reacts, whether you give that command by voice, remote control, tablet or smartphone.
Smart buildings deliver useful building services that make occupants productive (e.g. illumination, thermal comfort, air quality, physical security, sanitation, and many more) at the lowest cost and environmental impact over the building lifecycle. They use information technology during operation to connect a variety of subsystems, which typically operate independently, so that these systems can share information to optimize total building performance.
Natural disasters can strike anywhere, anytime. But people are always thinking up new and innovative ways to provide relief when catastrophes occur.The main aim of this sector is to introduce new products which can help us tackle with such situation in a better manner than the present situation. Below are some examples for such innovations-
Just add air and water. That's the theory behind Concrete Canvas Ltd's Concrete Canvas Shelters, inflatable dwellings made from concrete canvas, a cement–hybrid fabric that's both waterproof and fireproof. These permanent structures (each one has a design life of 10-plus years) ship in airtight sacks and can be easily constructed in less than an hour. The canvas comes attached to a polyethylene frame, which can be inflated into a shelter using an electric fan. After securing the shelter with ground anchors, douse it with water and let it set for approximately 48 hours, at which point it's ready to use.
The latest project by Michael and Kenny Ham (the guys behind ApocalypsEV, a compact all-terrain vehicle for the end of the world) helps victims of natural disasters stay connected, even during lengthy power outages. The All Terrain Solar Trailer (ATST) is a portable, solar-powered-generator station that can charge up to 100 phones at once using both batteries and the sun. Designed to be towed behind the brothers' ApocalypsEV ATVs, which also run on a combo of battery and solar energy, the ATSTs would be able to reach places where infrastructure has been destroyed. Each trailer will come equipped with either four or eight batteries, providing 1200 to 2400 watts of solar charge, and feature 100 outlets: 50 of them regular 110-volt outlets and the others a combination of USB, iPhone, and lesser-used connections. "We also plan to give these trailers a grid-tie ability that will allow them to pay for themselves over time by lowering the electric bill of any organization that uses them," Kenny Ham says.
OpenRelief is crowd-sourcing a drone. The organization is creating a UAV that can help with disaster relief. The miniature plane, built mostly from off-the-shelf components such as fiberglass, has a 5.5-foot wingspan and weighs less than 7 pounds. It will use advanced image processing systems to identify things like roads, smoke, and people, and record what it sees. Equipped with an open-source system called ArduPilot Mega, the UAV can be easily controlled using GPS and IMU sensors—electronic devices that can also measure an area's radiation levels and weather.
Columbia University architecture students Anna Stork and Andrea Sreshta have created an inventive and resourceful way to illuminate a disaster zone: the LuminAID, a solar-powered inflatable LED that's waterproof and floats, which makes air distribution easy. There are also no movable parts, and each LuminAID can provide light for up to three years without replacement. An added bonus: The inflatable case softens the harsh LED light. LuminAID costs from $18.95 to $26.95, and the creators have distributed them in 10 countries so far.
Pure drinking water is a precious resource after a disaster. And while there are numerous filters on the market, the ease and simplicity of Chinese engineer Chao Gao's C-Water prototype, which took second place in Designboom's 2010 Incheon International Design Awards, makes it great for an emergency. Placed on the ground or in water, Gao's lightweight collapsible device accumulates water vapor inside its filter. The sun then heats the vapor—which eventually condenses on the roof of C-Water—and purifies it. Two days later—after exposure to the sun has killed nearly all the microbes—the H20 is safe to consume.
Incredibly compact, the Healing Bench converts from a backpack to an operating bench, and it even holds a blanket and medical kit so that emergency workers can carry important tools to disaster sites hands-free. It’s made with the same materials and construction as a kayak so that it’s durable and able to float. Read more at here
One of the most difficult tasks of disaster relief has always been providing clean drinking water. This need became clear to Engineer Tricia Campos-Markman in 2005, when Hurricane Katrina and the Southeast Asian Tsunamis inspired her to come up with a practical and cost-effective water treatment system. The result was the DayOne Bag. Combining the functionality of a Camelbak-esque system and the water purification technology of P&G, you can literally watch as a purifying packet coagulates the harmful substances in the water and cause it to sink to the bottom, leaving 10 liters of clean drinking water. This simple and effective invention immediately caught the eye of the US Navy, who tested it with the Thai Military and ranked it #1 in “Water Purification Performance” and “User Operations.”