Idea factory

2021-11-18 17:00:55 #PitchYourIdea #WeeklyContest #ElevatorPitch

Hotbox portal by @Duaneandrea Simbarashe Duane Andrea

Idea:
Hotbox Portal is A WhatsApp based chatbot that allows users to access elearning material, news updates, sports updates, viral news, wikipedia articles, search job vacancies currently being used by 373,000 users. It can be accessed by sending the word start to on WhatsApp

Problems:
Information assymetry gap in the Sub Saharan region of Africa. Open / Comment

2021-11-18 15:36:37 Hi everyone, this is Nicci from the Idea Factory!

I've been working this week on our plans for expanding internationally and getting your ideas in front of more people. I'm excited to announce that we have a new venture fund on board and are now moving to more platforms globally.

One thing that I know you're going to love is our new Twitter account.

We will be using Twitter to promote your ideas -- and want you there with us talking to investors and making valuable connections!

But we know you're busy, so we want to make it worth your time. That’s why, if you sign up right now, we will give you free VIP access to our exclusive workshop on building your business. It's our gift for early adopters and I know it's going to be one of our best sessions to date.

Use the link and I'll send you over your VIP tickets when they're released next week.

Talk to you soon, and keep those pitches coming! Open / Comment

2021-11-18 11:41:46 #ExpertTips

Gleb Ganenko appreciates the importance of design thinking in terms of business.

This is the 3-d part of Design Sprint video series. Today Gleb speaks about the best solutions for your prototype.

Check it out! Open / Comment

2021-11-17 17:33:51 #PitchYourIdea #ElevatorPitch #WeeklyContest

HealAll by @IBJ_Tegee Tegene Garedew

Idea:
AI based personalized diet planner app for,children nutrition plan, diet for health problematic people, athletes ,Food substitution planner for poor people. People subscribe and get daily plan according to their situation.

Problems:
Food became the most important thing like health recovery and performance in sport activities and childhood nutrition. Under-nutrition affects physical growth and maturation, thus affects growth rate, body weight. For people with health issues like diabetes and hypertension, food selection will become a life saving. For poor people who do not afford expensive foods like meat and others, a substitution foods which provide the same or equivalent use should be planned.

Unlike other apps, my app will provide a diagnostic approach to the person and based on the personal inforrmation the app suggests more than 100 recipes in order of rank from top to bottom. Open / Comment

2021-11-17 14:51:46 #WeeklyContest #PitchYourIdea #ElevatorPitch

Field Investments by @Elitio

Idea:
Connecting scarce commodities to remote areas.
Building an app to make wholesalers and retailers to order commodities (like tomatoes, goats, sheep, onions) without traveling.

Securing the transportation branch of companies like Glovo, Uber, and Bolt by providing them with more delivery motors in return for sales.

The app will have a simple Graphic User Interface and a one-click accountability system to help calculate the profits and losses of all the fields separately and altogether(Overall profits of all the fields)

Problems:
Scarcity, accountancy, reducing road risk of wholesale travelers and unemployment.

Potential whom will it be beneficial:
To motorcycle riders looking for employment...
Diversified company owners...
Farmer.
Wholesalers and retailers of farm commodities Open / Comment

2021-11-17 12:33:00 ​#BusinessEducation
Rules of pitch deck: how to make others believe in your project

Pitch deck is a brief presentation that gives investors, partners, or customers an overview of your business. This directly determines the further success of your project. If your pitch deck appeals to investors, they are likely to put their money in it. Any pitch is a public performance. So here are some tips on how to perform properly.

See the common mistakes of a pitch deck here

Set a super goal
This is what you want an investor to think or do after listening to your pitch deck. Basically, it’s an ultimate aim of your performance. It should be ambitious and yet achievable.

While preparing the presentation, ask yourself: “what is the super goal of my pitch deck?” The first thing which probably comes to your mind — to make people invest in your startup. Though, frankly speaking, hardly anyone can raise funds only after a pitch deck.

Frequently, entrepreneurs have another super goal — to convey the whole business plan to investors. This is quite attainable. Is it ambitious enough, though? Of course, not. At the end of the day, you want to raise investments.

The most important thing you can achieve through your pitch deck — to make an investor come back with a request. In this case, you can show the details, elaborate on issues, and charm.

Give hooks
What do you need to do in order to get investors interested in your project? The answer is simple: interest them. Find a special hook — something catchy and extraordinary.

Ask yourself why you are interested in doing this business. Ask your co-founders and partners why they are committed to the project. Maybe you have different hooks, which is fine. The more hooks you find and use in a pitch deck, the more chances to attract investors.

Types
Hooks can be different. One of the classic examples — social networks. If all your friends surf Facebook, you are more likely to use it as well.

The other example — the company develops a B2C app which is supposed to make a network effect. It means the more people use the app, the more profit other customers get.

Sincerity
In terms of a pitch deck, this is a well-prepared presentation: its structure, content and the quality of your performance. Check out the rules here. Prepare for the performance by practicing your speech beforehand.

How do you feel about the tips? Share in comments Open / Comment

2021-11-16 19:42:32 #PitchYourIdea #WeeklyContest

The idea Park your car by @ankit0467 is the winner of the previous weekly contest.

Both our experts and subscribers found the concept very promising. So Ankit Kumar has won $500!

Now Ankit is ready to share his emotions with you! Open / Comment

2021-11-16 17:10:32 #ElevatorPitch #WeeklyContest #PitchYourIdea

A Web Portal for Investors and Crypto Traders.
by @Vkio0 Waqas Maqsood

Idea:
Using API keys and search, Information about BTC/Alts and top trending crypto is harvested from all top level social media portals.

Example is:
Twiter User A: I am not going to sell CRYPTO, I am not going to buy more.
Twiter User B: I am not going to sell CRYPTO, I am not going to buy more
Twiter User C: I am not going to buy CRYPTO.

The harvested information will be 'Not Going to Buy' or similar phrases AI will bring out a real public opinion. They are going to invest more in CRYPTO. So market Indicator will be balanced.
Now the Portal will Place few ALTs for free every day. Other Crypto Coins reports will be private for paid members.
Reports will keep changing in real time. As AI find the information and process it. So people copying data and sharing with other will not have much success. But the real VIPs will.

Problems:
It bring real public trends about specific crypto. Open / Comment

2021-11-16 16:00:34 #PitchYourIdea #WeeklyContest #ElevatorPitch

SOFTWARE FOR DETECTING CHEMICALS IN
FRUITS AND VEGETABLES (Fresh-It) by @AwaTech
Elvis Murithi

Idea:
Since most of the cancer is triggered by chemical substance injested, chemicals injected, sprayed on food. We can control it by ensuring they are safe. The software will use AI to process and extrat the objects' features to detect impurities on fruits and vegetables. It recommend geologically close markets with fresh fruits from successful searches. It will also identify the type of chemical used to get the common one. I will also create the same platform for cancer and artificial ripening effects.

Problem:
Global use of artificial ripening and dyes.
Alarming rise in cancer cases.
Consistent stomach complication reports.
Large use of copper sulfate in pesticide

Potential:
There is litte no infrastructure to help the government fight this act of artificial ripening.
This software can outspread to many countries. Open / Comment

2021-11-16 14:14:30 ​#StartupStories
AirB&B: from rags to riches
Country: the USA
Total market value: $130 billion
Business model: marketplace

Brian Chesky and Joe Gebbia started their career when they were students. They were completely broke but ambitious. Thus, they managed to turn their service into the business valued at billions of dollars. Despite nearly no one believed in Airbnb success, it has become a marketplace giant.

Background
In 2008, Brian Chesky and Joe Gebbia hardly could make ends meet. In order to scrape together enough money for rent, they allowed strangers to sleep on air beds in their apartment and have breakfast.

This gave a new business idea. Guests were supposed to pay hosts for the housing all over the world. Though large investors of Silicon Valley didn’t believe in the success of Brian and Joe’s project at all. However, guys were committed to making their idea happen. They even started to sell cereal boxes labeled with “Obama O’s and Captain McCains.

The presidential campaign in 2008 worked in their favor: boxes were sold very well. This helped Brian and Joe kill two birds with one stone: they got out of debt and attracted Paul Graham’s attention. This way the startup got into “Y combinator”.

Very soon, Airbnb raised $7 million and reported about 700,000 operations of booking. In 2012, the numbers of bookings reached 10 million which was an absolute record. Today the service is used by over 40 million guests in 34,000 cities all over the world.

Success key
In order to better understand customers, the founders set off to New York. They rented AirB&B apartments themselves to test how well it works. Brian and Joe came to a conclusion that the major things were good pictures and an established process of giving keys and cleaning. So, they had to instruct each host and take photos of their apartment.

Plans
The business plans to develop its service in several directions:
• developing relations with hosts or booking locations;
• working with users and their needs;
• business expansion by increasing the number of hosts and involving new users in the service.

Airbnb has introduced an updated development program called "Winter release". The company management highlighted an additional 50 business activities to improve the service.

What do you think about AirB&B’s story? Share in the chat! Open / Comment