Trendfactory

2021-09-01 11:58:03 #PitchYourIdea by @blacknwhite420

Online money transfer

Hello I am Azman Shah.

Mobile banking is the most popular and easiest platform.

In our country everyday 400-500 million us dollars are transferred with mobile banking. In our country for different platforms people have to suffer. Because the one platform you use can't transfer money to another platform. But there are many areas where you can't find all platforms at once.

If there is an option people can transfer their money from one platform to another. So it's the best option to start the most profitable business. Open / Comment

2021-09-01 11:39:25 Vlada from IdeaFactory Support team #SupportTeam Open / Comment

2021-09-01 10:35:07 #PitchYourIdea by @VilasLandge

Financial literacy subscription

My idea is to increase financial literacy in people. This startup will aim students between the age group 7 to 17 years and would offer a subscription, where practically financial literacy would be inculcated.

Problems:
Today's education system focuses too much on job oriented learning or teaching. Thus, financial literacy is almost absent in youths. Some of them learn this art at various stages of life depending on needs. Thus, the system completely misses on the art of money management, financial planning and business acumen.

Potential:
"Like olympiad which focus only on excellence in certain subjects, this startup would focus on excellence in improving financial acumen and business acumen
I believe this could become a globally recognized program and can be offered as an extra circular edtech." Open / Comment

2021-08-31 19:25:14 Channel photo updated Open / Comment

2021-08-31 16:49:06 Dear community,
our channel has got a new colour, a new brand, a new form, and we are now “Idea Factory”.
Here you can learn, pitch and start your own startup.

As for startups, we now have 4 ideas ready for voting, and tonight we are launching the next voting. We are selecting 2 more. This voting will last until Sunday.

Don’t worry if your request has not yet been processed or if you have not received an answer. You can easily text to IdeaFactory support and find out your request’s status, they will help you to speed up the processing.
For those whose requests are already accepted a separate group was created for communication, and today the first official additional training starts.

Just be with us.
Stay tuned.

@ideafactory_support Open / Comment

2021-08-31 16:45:50 #BusinessEducation

The Lindy Effect in IT

The Lindy Effect: For some things (technology, business, ideas, theories, concepts, trends), their life expectancy increases proportionally to their current education.

Thus, the effect is to assume that it will have a previous life span in the future.

Why does it work this way? When you research or develop something new where the end point is unknown/invisible, you never know where or how far away you are now.

And you are always halfway to the possibly achievable end goal.

For startups and IT, it sounds a little confusing, so an easy way to rewrite the proverb to fit our theme:

However far your product goes, it can double that result.

For example: can your product become the maximum? If you have 1000 users, you can most likely get +1000 users in the same way by doubling your numbers.

In other words, you've already proven that you can do it a second time (maybe even faster).

It's the same with marketing - if you've attracted 1,000 customers through one channel, the same channel can generate 1,000 more for you.

The Lindy Rule also works in the opposite direction - it is unlikely that within one channel there will be 10 times more opportunities to attract 10,000 customers to you.

The final version of this rule for "growth of a startup" is as follows:

You can probably reach your endpoint. But x10 growth will definitely require innovation.

For example, Facebook has 2.8 billion users and has exhausted its marketing channels. That is why they buy other startups, embed hidden indicator trackers in their web buttons, increasing their "audience".

GoDaddy has 1.4 million users in 2020 (that's exactly double the number in 2019) and at this rate it will take 18 years for them to grow 10 times. Open / Comment

2021-08-31 16:11:14 #IdeaFactory Open / Comment

2021-08-31 11:18:20 #PitchYourIdea

Online e-learning platform

Hello, my name is Aman Singh.

My idea is to create an online e-learning platform where users can learn different skills from the best online courses. Then after completing the course successfully, they can avail the freelancing opportunity provided by us. We'll list them as certified freelancers only after passing specific Industry-level tests on that specific skill.

Problems it solves:
1) Lack of quality content
2) Credibility of Tutor
3) No 2-way Interaction
4) No Industrial Use of Skills
5) Credibility of Freelancers
6) Time Lost in Finding the Perfect Freelancer

Solutions:
1) Live Classes
2) Freelancing opportunities to learners
3) Credible freelancers to Startups & Businesses

Our target domains:
Any person who needs to learn any skill related to Tech, Finance, Music and any of the thinkable domain is our Prospective Customer
Providing Certified Freelancing Solutions to Businesses and Start-ups Open / Comment

2021-08-30 20:50:14 #PitchYourIdea

Street Guide by Sardorbek Murodilloev

Objectives:
1. Building a street guide in central places and helping people.
2. Helping people who are strangers, looking for a place, lost in the streets: to find a place they
need, to call, to offer some positions for foreigner(If they do not know domestic language - to serve them in their own language.

Target Market:
The street guide will target both the local population in cities and tourists who visit the state.

Foreigners visit the state and do not know to stay a day anywhere. At that moment, we can offer them some hotel, hostel or like these where located near them. For this, we will sign agreements with hotels, hostels and so on. Then we can offer.

In order to contact others for helping them, we are planning to organize two ways for using it: Robot and support centre. Open / Comment

2021-08-30 20:49:03 #PitchYourIdea

Uzima Health

Uzima Health is an AI solution that helps patients & medical professionals in assisted diagnosis and mapping of patients to health facilities.

Uzima attempts to map a patient to a nearby facility/specialist based on the symptoms. A patient can enter their symptoms in their native language and using Machine Learning. Uzima is able to perform a look-up on the possible medical condition a patient is suffering from. In remote areas with limited medical facilities, Uzima links patients with registered community health workers nearest them who guides them as they wait to be taken to a medical facility.

Our competitive advantage is the use of AI to aid diagnosis hence saving time and patient’s lives.

In Africa 5000 patients share 1 doctor. In Tanzania 10,000 - 1 doctor, while the recommended ration is one doctor for every 300 patients. This extremely low access to health professionals leads to longer patient waiting time and overcrowding in health facilities. Open / Comment