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Leanmote

Leanmote is an AI powered engagement and wellbeing platform.

Australia
Market: Internet and IT
Stage of the project: Prototype or product is ready

Date of last change: 21.04.2021
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Idea

Leanmote is an AI powered engagement and wellbeing platform. At Leanmote we help remote employees to have a rich and fulfilling work relationship with their employer, wherever they are in the world. The easy-to-use platform innovates the way teams recognise each other, boosting morale and encouraging engagement within teams. At Leanmote we track each employee's wellbeing and help prevent burnout episodes making their work fulfilling and sustainable.

Current Status

The most commented feedback we have received is that our solution will come to change companies culture and improve their value proposition for their employees. It’s a new way of improving wellbeing for teams. Understanding what is going on will make teams stronger and improve their collaboration. Secondly a lot of users mentioned the cool integrations and the modern UI experience that makes onboarding and interactivity very easy.

Problem or Opportunity

It’s difficult to manage, engage and know what is happening within your teams when you deal with a distributed workforce. Depression, anxiety and burnout are real in the modern workplace setup. People are losing count of working hours blending together with their personal life. On top of conventional ways of tracking wellbeing, Leanmote is expanding into neurotechnology and wearables giving employees the ability to track their level of concentration, anxiety, depression and stress; helping them to get on top of their mental health. In 2020 we have seen how workplaces have been revolutionised. Employers want to offer top talents a career not a job. Tracking, predicting, and improving levels of concentration will avoid burnout episodes which is crucial. Leading towards an improvement on team connectivity and collaboration. “It’s ok not to be ok”.

Employees’ disengagement is costing companies around 550B (USD) worldwide. This is considered in terms of loss of productivity, low performance and eventual turnover. Wellbeing is costing businesses another big figure of 323.4B (USD), causing stress, and having employee burnout episodes. This means that wellbeing has become a business issue. If we look forward and consider the 125B growing industry of corporate gifting, we can state that there is much to work on. Combining the three points mentioned above, leads to a problem that is costing more than a 1 trillion dollar to companies.

Solution (product or service)

We provide multiple angles to solve the identified problem: 1) Innovative mood assessment framework to gather data on daily basis, which is integrated with the most popular project management and collaboration tools (Slack, Jira) 2) Proven methodology with pulse surveys, based on psychology research 3) Partnership and Integration with EMOTIV. Introducing the new MN8 trial to track concentration levels, anxiety and stress. 4) AI-powered algorithm to detect burnouts. 5) Gratitude section to promote appreciation and thankfulness between peers in the company.

Competitors

Leanmote is not the only company operating in the engagement/wellbeing field (we have a detailed competitor analysis). Many companies through our competitors are offering just a wellness program, this includes just physical activities outside the office or even worse measuring “wellness” by surveys, expecting to extract information from users without giving anything back.

Advantages or differentiators

\- We have innovative ways to track team wellbeing (Health monitor for teams). \- Our aim is to empower employees to track their level of concentration, anxiety, stress and depression and give them advice on how to improve it. \- We created an innovative mood-assessment framework to create the first AI algorithm to prevent burnout. \- Minimisation of friction with people management tools - Integration with business communication platforms & project management tools.(Jira, MTeams, Slack and Trello). \- Peer to peer “Gratitude” to promote appreciation and thankfulness in agile first companies.

Finance

1. (Freemium up to 20 users) → Go-to-market. Monetisation comes from the integrated marketplace. 2. (Premium 20+ users $9AUD) → Engagement and wellbeing. Subscription Business Model. 3. (PRO 20+ users $99AUD) → MN8 Headset. On top of the Subscription Business Model. 4. Marketplace, personalization for corporate gifts, taking a % of the revenue from shops for every purchase made by users. (Helping fund our R&D). 5. Plugin marketplaces (Slack app directory, Atlassian marketplace).

Money will be spent on

The capital will be mostly for R&D activities + marketing.

Offer for investor

Our grand vision is to support teams around the world. Leading the mental health industry for teams in the workplace, wherever they are working from. Improve levels of concentration to make a positive impact for the future preventing burnout episodes and maintaining a sustainable workforce. We aren’t the only ones who believe that this has a global potential. Our mentor Marilyn Smith, is the former head of HR Australasia in Brookfield, responsible for Australia, Singapore, China, Japan, South Korea, India, Dubai, 10,000+ people and firmly believes in a global project like this one. Dean Morelli, the founder and former CEO of Aussiepay, who provides our team with great guidance, believes a project like this could have a big impact on the global market. Teamwork. Wellbeing. Anywhere.

Team or Management

Incubation/Acceleration programs accomplishment

Macquarie university innovation/incubator hub

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