LifeWatch

Published on May 30, 2016 um 14:42

Explain your idea in details:

The objective is to build wrist watches that can help children to be safe and old people in medication. Currently we are trying to make 2 types of watches: 1. LifeWatch for Children : According to CDC, About one in five people who die from drowning are children 14 and younger. These nonfatal drowning injuries can cause severe brain damage that may result in long-term disabilities such as memory problems, learning disabilities, and permanent loss of basic functioning. In a Country like Bangladesh, where there are a large number of ponds, canals and rivers, the chance of drowning in high. Every year many children die because of this. So we are trying to build a waterproof smartwatch for children, using a sim900 gsm module, water level sensor & smoke sensor. Whenever a child gets in touch with water or smoke, the device will send an alarm to his/her parents phone. And through gps parents can easily know whether the situation is risky or not. Moreover, if the situation is risky, the children can be easily tracked, thus it can help us to reduce the post-drowning health risk. 2. Lifewatch for Old people : This watch will help old people in their medication. The belt on this type of watches will carry the most important routine-medicines. The watch will notify the wearer when its time to take his or her medication by alarming. Old people who have problem in moving can easily take their pills from inside the belt. We are also trying to add pulse sensor in the watch so that it can report when the pulse rate is abnormal. There will be also an emergency system in the watch.

Expected impact of your idea on sustainable development

Our current two products will help ensure a small portion GOAL-3 in SDGs which is ensuring healthy lives and promoting well-being at all ages. Coming from a country like Bangladesh, Ive always seen that children in rural areas are always deprived of proper healthcare. And old people are also facing problems now-a-days as participation of women and men in workforce is increasing day-by-day. Measures to evaluate success We can only measure our success once we launch the product in the market and get customer feedback and the number of sales of our product. The products we are trying to make is something that will provide a feeling of safety to the parents and convenience to the old people who often forget to take medicine in time. Our target- We have a long mission. Though we have started with only two products, we have a mission of making different wristwatches for different target groups. For example, our next project will be to make watches for girls to prevent sexual harassment and to ensure continuation school of education for more girls. Watches for nurses, so that they can set custom alarm for service providing rooms and emergency alert system from the patients. If we get the full support, we can create a great impact in the markets of healthcare, safety and convenience through smart wrist watches.

Plans for implementation and sustainability

Business Prospects:

a. Our watches will reduce the number of deaths and injuries due to drowning and fire accidents

b. We will be able to ensure proper medication for old people

c. We will be able to make parents/ healthcare institutions aware of emergency conditions

d. As we are innovator, we will have a huge market nationally and also globally as we will be introducing the first smart watch that is ensuring safety, security and convenience from the users point of view

Currently there is no company which offers the same device & service we are offering. This is a huge advantage for us for market penetration and expansion.

Marketing Plan : Currently we are doing market segmentation by benefits. For example, there will be different product lines for different customers. The most powerful part of our marketing plan is that we will be providing health safety through a simple watch as everyday children are dying and many are getting injured in our country and old people are continuing to face health problems, girls are continuously becoming the victims of sexual harassment.

Currently we need around $28000 for our pilot project, which includes cost of- R&D, Computers, Sim900 GSM module, Gps chips, Water sensor, Other chips,Software development

Currently we are trying to make a prototype with our own investment. But it will be too hard to come up with a good prototype as we are yet students.

Your profile

I am a 2nd year honor's student, currently studying Bachelor of Business Administration at University of Dhaka. Currently i am 19 years old. I have a team of 4 members, where the other 3 members are from electrical engineering and computer science background. So I have a great team for carrying out my project. Well, entrepreneurship always attracts me. As a student of business school, Our teachers always keep us motivating to become entrepreneurs, start our own ventures. And i think i have the most important quality an entrepreneur should have- which is leadership. I was the finalist of Telenor youth forum Bangladesh-2015, National runners up-Get in the Ring Bangladesh-2016, Hult prize finalist @ University of Dhaka, Finalist- Tie Dhaka entrepreneurship competition 2015. These are my achievements in my 1st year of university life. But currently with my team, i believe that i will be able to do something that will help me bring positive change in my society, my country and also glbally.

Stage of Idea

conceptual stage

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Comments

August 21, 2016 18:45

You conceived a great idea. Sure it's great, when it comes to social problems, your idea is the real solution. I support it by votes and comments. Just don't give up if want to implement it!

July 4, 2016 15:33

Hi Mujtaba,
I'm very inspired by your idea! I have voted for yours and I would appreciate it if you vote and comment my idea as well. https://www.entrepreneurship-campus.org/ideas/4/4024/

Akhtar Ali

July 2, 2016 08:49

Dada, Salam! Aami aapna ke follow korcheelam. Aaamaar email ID [email protected] Please email me.

June 13, 2016 18:02

Hi, you have a good idea there THUMBS UP.
I have cast my vote for you!
Please i need you support also and a comment will also help. please check out my idea by clicking "Pwavodi Tanihungoama
Joshua" above, and give your valuable comment/advice.

https://www.entrepreneurship-campus.org/ideas/4/3490/

Best Idea Category Do you know that NEEM saves Lives

Also, if you like my idea, PLEASE vote for me!
Thank you in advance for your time.
Best,
Joshua

June 5, 2016 16:11

Well, thanks Harsh.

That was not discouraging at all.

For the first part, I guess you assumed that one of the core reasons behind children drowning is the poor economic condition of their parents. So I would ask you to do some research on drowning in USA, where is it is the 2nd or 3rd main reason behind death (for age group 1-14). So according to your assumption their parents cannot afford to have guardian to take care in their absence. So there is no link of drowning with affordability . And currently there the number of smartphone users in Bangladesh is 11 million (apprx). So they can afford such watches.
And for the 2nd part, as we are using gsm & water sensor, its a 50-50 chance. Well try our best to find a better way & gps will be working underwater. But there is no problem with smoke/fire case. ANd do you have any problem with the 2nd type of watch?
And thanks.

June 5, 2016 13:46

Your idea is fantastic , and I don't want to demotivate you or anything , but as a fellow participant I wish to ask you a few questions.
Most of the children you are talking about are the ones who were in absence of a guardian , which eventually led to them drowning.To put this into perspective, children who fall into the category of,firstly,not having a guardian or an adult to take charge while children enjoy their time in the pool or the lake are the ones who lack the resources which provide them with care and security, are the ones who can't afford these facilities.
And providing them with a smart watch that can detect smoke and water , the presumably would sync to the parents' smartphone is questionable , that too taking into consideration that this idea will be initiated in Bangladesh.

Nawar

June 2, 2016 20:06

Great idea. Hope too see such watches in the market soon.

June 1, 2016 23:49

I invite you to see my profile

June 1, 2016 13:03

I like your idea . Very nice idea to help people. All the best .
See my idea in my profile. And vote
Thanks.

May 31, 2016 16:20

Thanks a lot Dielamo. Yes I have back up plan. The reason behind $28000 capital is R&D. And as we are going to start with two types of watch, the cost is a bit higher. We have to make some mobile apps too. Pray for us. And thanks a lot for your precious comment.

May 31, 2016 16:08

Your business idea is clear and easy to comprehend. Like goal-line technology that sends signal to the referee's watch when the ball crosses the net. You have an innovative product. A life saving ventures like this should not be toyed with. I think a huge capital layout is required. $28000 startup capital is huge. So at such you should have concrete plans while investing the sum into it. You should have a plan B or up to plan C. In a situation whereby plan A experiences deficiency, plan B or C will be able to back it(Plan A) up. Best of luck with your idea. Cheers!