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Wellbit

Serbia
Market: Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 08.03.2022
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Idea

Wellbit is a self-improvement app where everything is about pleasant moments, the ways to experience, capture, share and savor them and use their power to quickly boost wellbeing and resilience.

Current Status

We have just published the MVP version on 27.02.2022. and started the validation phase in the regional market. At the moment we have approximately 100 users.

After one month of testing, bug fixing, and getting first market insights we will start a marketing campaign in the target market.

Problem or Opportunity

This is the time when negative emotions among employees across the world reached record levels, thus the workplace is the prime location for initiatives designed to improve well-being among adults. Problems that we are addressing are employees’ problems: not noticing, forgetting, or taking positive experiences for granted, feeling unsupported by closest ones, no easy way to overcome daily negative emotions and wasting precious free time instead of being active and creative.

Solution (product or service)

Wellbit is an innovative solution that combines techniques of gratitude mediation and savoring with new learning trends and the latest technologies! Wellbit is no usual tool, it is your life companion with 4 aspects:
it’s your uplifting activities coach motivating you to do activities that matter the most;
it’s your gratitude memory book made of captured and carefully selected moments;
it's an AI-powered savoring guide that reminds you of your positive moments;
and it’s a support network of your loved ones gathered with the common goal to together reach the best version of themselves.

Business model

We will generate revenue from business and individual mobile app subscriptions. Based on our bottom-up model estimation 0,24% of the target market will be ours next year.
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