Photo - GPO IoT Solutions
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GPO IoT Solutions

Shopify for IoT connectivity, device management & analytics

Estonia
Market: Internet and IT, Power Engineering, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 04.09.2021
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Idea

Plug & play IoT solution for SMB device producers to quickly connect their devices to IoT infrastructure, manage, maintain & gain analytic insight — all with one tool.

Current Status

We`ve already got a market validation and have pre-order from customers
We've already developed MVP

Market

SMB Manufacturers
Small & medium-sized device producers, like heating device manufacturers, air conditioning, utilities, energy meters, lighting.

Segment
Focus at the developing countries — with high penetration of technologies and low purchasing power.

Industries
Manufacturing
Sustainable energy solution
Residential
Energy and Utilities

Problem or Opportunity

Spend near 2 years to develop own platform, integrate and connect devices
High cost to hire IT team
24 months to get ROI
$30K to get a Beta

Lengthy, uncertain result

Solution (product or service)

With GPO
2 Weeks to integrate
$100 Subscription starting from
3+ months to get ROI
1 engineer managing the system

Quick, Scale as you go Option

Competitors

Monopolist IoT providers

Advantages or differentiators

Out of the Box IoT connectivity platform
One tool for management, maintenance, support, remote device control in real-time
Customer support, after-sale monitoring
Analytics: reports and metrics in real time
We provide
Platform connecting all the devices, analytics & customer management
Hardware for devices without Internet connection
Mobile app for end-user feedback framework

Business model

Business model:
Whoop alike — subscription with freemium hardware
SaaS with Hardware
Long customer acquisition, but long LTV — LTV period could be 20-36 months.

Money will be spent on

We are looking for 200k+ for the next 12 month
Payroll – 60%
Marketing – 20%
Instrasrucuture – 11%
Certifications – 10%
Security Audit – 4%

Incubation/Acceleration programs accomplishment

Beamline pre-accelerator Tallinn, Estonia

Photos

Photo 1 - Shopify for IoT connectivity,  device management & analytics
Photo 2 - Shopify for IoT connectivity,  device management & analytics
Photo 3 - Shopify for IoT connectivity,  device management & analytics
Photo 4 - Shopify for IoT connectivity,  device management & analytics
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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
Presentation