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OmegaLambdaTec GmbH

National Pandemic & Economic Steering & Control Cockpit

Germany
Market: Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 22.04.2020
Min investment
$  250.000
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Total required
$ 800.000
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Idea

We started the development of a National Pandemic & Economic Mitigating Steering & Control Cockpit, an automated tool that takes all Corona data plus economic impact models and generates the optimal recommended counter measures as a function of time (horizon: 1 year) in order (1) to control the Corona development and (2) optimize the economic impact at the same time.

Current Status

Corona Simulation Framework is in place, the solution approach is worked out, and integration of the economic component has started. First Corona results have been published in from of a OLT-Smart-Data-against-Corona-Bulletin.

Market

Country and state-level executives around the world. The global market size for 2020 is >1 Billion Euros.

Problem or Opportunity

All national and local governments are looking for the best countermeasures to steer their countries through the Corona Crisis without destroying the national economy.

Solution (product or service)

Software-as-a-Service Solution:
Automated Tool that takes all Corona data plus economic impact models
and generates the optimal recommended counter measures as a function of time (horizon: 1 year) in order to control the Corona development and optimize the economic impact at the same time.


Competitors

No solution known yet that optimized the Corona virus development and the economic impact.

Advantages or differentiators

Features:
a. Joint pandemic and economic data-driven real-time impact modeling
b. Find optimized joint solutions and provide recommended counter-measures as a function of time to government executives
c. Automatic and continuously monitoring of the effects of countermeasures and instant updates on optimal solution based on the actual measured Corona counts
d. Visualization of joint pandemic and economic scenario simulations based on user defined input parameters

Benenfits:
a. Keep Corona under control and at the same time the economic lockdown damage to a minimum until large-scale vaccination campaigns are available
b. Recommender & Cockpit solution for government executives for an optimal steering through the Corona crisis
c. Country specific optimal information basis and impact analysis for high-impact decisions
d. Improved longterm counter-measure planing to allow industry and commercial players to adapt
e. Optimize national economic recovery times through the automatic identification of sufficiently effective measures with the least possible impact

Finance

Price per Installation: 100k - 1M Euros depending of size of country or state

Business model

SaaS Model with an annual subscription fee.

Money will be spent on

Solution and Product Development

Offer for investor

800k Euro Convertible Loan with significant evaluation discount for next financing round. Deal closure by 10. May 2020.

Team or Management

Risks

Quantification of economic impact models still need to be calibrated with data, but these should be available in the next months.

Incubation/Acceleration programs accomplishment

InnoEnergy Highway Program - Ongoing

Won the competition and other awards

175. Unicorn Battle Berlin - Won
Data Hub Ruhr Challenge - Won
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video