Photo - Virtual Guardian
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Virtual Guardian

It's a tracking wrist band

South Africa
Market: Internet and IT, Computers, office equipment, Gadgets , Artificial Intelligence, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 17.04.2020
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Idea

A tracking wristaband for infected people. It notifies authorities when they leave their premises with a virtual parameter app or when they remove the device

Current Status

Everything is in order to start building it. Just funding needed. Have the capacity to build 10 000 units per month

Market

Every single person in the world will be able to benefit from this device.

Problem or Opportunity

Currently there's no control over people. They leave there houses and get exposed and there are more people to keep indoors than people doing it. This will help minimize the issue. It will assist in keeping people in their homes. They will be fined if they are infected and caught outdoors. If we can keep everyone indoors infected and out of reach we can kill the disease

Solution (product or service)

The bracelet will notify the beneficiaries/authorities if the person infected leaved the parameter set for them. It will monitor people who wear the device and move into the infected parameter and notify authorities as well. It will notify them if infected people take off the bracelet as well. This will help take controll of the situation. And the bracelets will serve their aditional purpose when the fight against corona is over. It was designed to assist eledery people suffering from dementia or alzheimers disease to track them if they leave their nursing homes. Its also designed to keep children in school and enure they are in school when they need to be.

Competitors

There are no real competitors as there are no similar devices nor apps on the market that come close to this. There are panic buttons etc. But nothing that will change the market like this

Advantages or differentiators

Its the only device that has a virtual parameter set in the app. Best of all is the user that wears the bracelet does not even need a mobile device. Its links to a beneficiary device using a snap scanner and uses cellphone technology after that to send location signals. No other device is this cost effective or accurate. No other device on the market can set a parameter and notify the beneficiary when when the user leaves that area

Finance

This will become an international hit when people start seeing the potential. The 5 year plan is to get this device out to the international market

Business model

Business model is set to try and get to the international market as soon as possible. Teaming up with the right partners can ensure that this can be done. Setting up facilities and teaming up with mibile industry giants in each country can assist in bringing it to market more effective

Money will be spent on

Developing and building the app and thereafter building the units of distrubution. Hiring stay at home employees to assist in running the app and setting up servers

Offer for investor

Share in the company this will be determained by the amount invested. There is a chance of a big company looks at purchasing the concept from me, so if that happens this will be discussed with the investors or I will simply sell my shares

Team or Management

Risks

Risk is minimal. As the development of the device and app is already done. I can have a prototype built for the investor to see how it works and there after they will see this is a game changer

Incubation/Acceleration programs accomplishment

I wanted to startup this project by myself and wanted to launch it in 2021 but since the world can benefit from it now I feel it would be of more use

Won the competition and other awards

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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