AKO Smart Technologies

AKO is a handheld gadget linked to an application, both developed by AKO. AKO is able to monitor vital signs including Blood pressure, heart rhythm, oxygen saturation, respiratory rate and body temperature. It is also empowered with predictive algorithms and long-term pattern recognition. It also has online data storage and periodic reports. Its design is pocket-sized and it is connected to a smart application.

AKO gadget is a working product now. Its application is going to be developed for extracting reports and managing daily data. Its clinical tests are about to start. AKO has sales plans for next 6 months from the market og Iran, and then exporting to neighbor countries.

Anyone who cares about his/her health may be our target customer. However, there is a specific section of people who are more interested and our product is more useful for them. People (especially women) aged between 30 and 60 are precisely our market segment, considering that pregnancy usually occurs in this range which needs special attention. These people should normally care more about their health, thus, we try to fulfill their needs first. Besides, there is another group of potential users, who are old, alone, or disabled, and taking care of them is always a complicated task. Using this device, the real-time condition is monitored for better medical help. Nevertheless, our product should not be used as a medical device, at least before medical clearance tests to be completed.
Main available market for AKO is the MENA region. The mentioned target market will be a good choice for market entry because there is an increasing request for healthcare devices. The healthcare market size of MENA is 2.5 Billion USD.

Taking care of one’s health is important anytime anywhere and continuous vital signs monitoring is required for this purpose. There is a tremendous number of health issues related to the heart. Moreover, many people cannot dedicate enough time for routine monitoring of their health. Therefor gathering health data is vital in many cases for prevention.

AKO can do more than just a simple measurement of vital signs. Anytime, anywhere it can be trusted with taking care of the user. There are several capabilities like high tech multi-spectral optical sensor and low power dual-core Bluetooth processor. AKO is a platform for the next generation of health monitoring solutions.
AKO gadget is linked to its application for managing alerts and Emergencies.

Pulse oximeters
- Omron, Beurer, Choice-med
Handheld devices for just SPO2 and Heart rate and just a simple monitor. These are not smart gadgets.


Smart wearables
Apple, Samsung, Xiaomi
Smart devices focused on entertainment and not medical grade. Can only measure Heart rate and in some cases SPO2


Homecare devices
Omron, Beurer, PARAMED
Medical grade home care blood pressure monitors which are bulky, not smart and difficult to use.

AKO can measure several parameters at once. It is truly comparable in terms of price. AKO is a medical grade device, not just an entertainment one. It is pocket-sized with an advanced application.

Business model includes direct sale and subscription for advanced reporting and consultancy. Our data mining and analysis can be monetized in a B2B model. We will open the door for other software developers to use our platform.
AKO will sale its gadget and application in 100$. Subscription of application for more features will charge the user 5$ per month.

Large impact of the social media on the targeted sector of the market is deniable and AKO is going to develop this sector of marketing strategy.
Online sales/support and educating people about their health is the key.
Medical representatives are the key for selling in large quantities to hospitals/drug stores and clinics.
Scaling up our community can be done by participation in events.
Search engine ad services, other web based ads and physical banners in clinics and hospitals are some of potential ad services.

Investment (Seed level) will be spent on industrialization, mass production, marketing and development.
30k (R&D): 10%
75k (Marketing): 25%
90k (Production): 30%
45k (Expansion): 15%
60k (Human resources): 20%

co-founder members will be pleased to work with an investor in three main models:
- equity investment
- production/sales partner
- share on sales

The most important challenge is correctly locating this product in the market. If it would not be introduced correctly at the right moment, medical specialists will be against it. We should have good medical and legal terms of use for protecting our users and us in case that an individual does a medical mistake based on our data or make a medical treatment based on our advice.

We are a small startup and other large companies may introduce similar products soon, thus branding is also an important challenge. For higher revenue rates in the next few years, official medical clearances should be available for all of the monitored parameters. Our team is incomplete and some parts of it are immature like sales and marketing which need improvement and support to do well.
Despite all great potentials and endeavors, our team has still lacked some critical human resources, which we planned to define in our team as soon as possible. First of all an expert business developer with a specialty and experience in the health-care field. Another important person who should be included in the team is a good marketing specialist to ensure appropriate effects on the market based on spent revenue. Besides, a medical specialist for better communication with medical organizations and doctors helps the team with clinical tests for better performance.

We have accomplished TrigUp acceleration program on 2017 as incubation stage.

EVENTS
• Selected as Top 200 finalist startups among more than 900 startups from all over the world in Sevan Startup Summit, 2018, Sevan, Armenia
• Selected for 7th Innovation and Technology (INOTEX), Technology experience stage, 2018, Tehran, Iran
• Selected as Top 10 finalist startups from all over Iran in International Silk Road event, 2018, Kish, Iran
• Selected as Top 1 startup in International Silk Road event, 2018, Rasht, Iran
• selected as top finalist startups at AIM Startup 2018 annual event, Dubai, UAE
• Selected as Top 500 among more than 3000 startup projects from all over the world for " Health Monitoring Smart Band" project in Hello Tomorrow challenge 2016, Paris France
• Selected as Top 500 among more than 3000 startup projects from all over the world for " Pedestrian Motion Pattern Prediction Using Machine Vision Algorithms" project in Hello Tomorrow challenge 2016, Paris, France
• Selected as Top 70 from all over the world for " Pedestrian Motion Pattern Prediction Using Machine Vision Algorithms" project in French Tech Ticket 2016, Paris, France
• 3rd position in the national competition for Green Application (SABA) for "Glass Garden" android game
INTERVIEWS AND PRESS ARTICLES
TECHRASA: http://techrasa.com/2017/11/05/silk-road-startup-announces-irans-top-10-startups/
Klick Jam-e-Jam newspaper: http://press.jamejamonline.ir/Newspreview/3271592652362236136
Idehpardazan TV: https://www.aparat.com/v/8AT4D
Outthere: http://www.outthere.fr/stories/silicon-iran-a-la-rencontre/

WORK HISTORY ACCEPTED IN 4TH CYCLE OF TRIG UP ICT ACCELERATION CENTER, TEHRAN, IRAN
2017-2018
COOPERATION WITH ENDOCRINOLOGY & METABOLISM RESEARCH INSTITUTE (EMRI)-TUMS, TEHRAN, IRAN
2018
ACCEPTED IN SPARK CENTRE, OSHAWA, CANADA
2018

Right now there is not any final registered patent but filing for PVT patent has been patented.