Silicon Valley Start-Ups: San Jose startup studio ActionSpot, focused on IT projects in big data, artificial intelligence, virtual reality, and cyber security, presented ten ideas poised to disrupt the industry status quo.
Among the ideas were ones that called for revolutionizing the healthcare system, early childhood education, artificial intelligence, fitness, virtual reality, and others. An expert jury, headed by the well known IT “angel investor” Max Shapiro (Incubator Co.), assessed the developers’ proposals.
The startups were given around four minutes to describe the problems their products proposed to resolve, pitch their idea, forecast its scalability and returns, thumbnail sketch the market and its outlooks, introduce their team, and, of course, impress the Bay Angels investors attending the event.
VReeMotion is a program for fitness studios that creates full-immersion training sessions using virtual reality. VReeMotion is an exciting development for virtual game enthusiasts who lack the time to take up sports. In the future, the developers plan to bring gamers together online, where they can play while building muscles in their legs and in other parts of the body.
Right Ear/Left Ear is a soundbar for home theaters, automobiles, and other applications that has 3D virtual sound processing. It can also be used in newly released flatscreen TVs.
Vintra is a deep-learning programming solution that quickly and easily transforms an existing video surveillance system into a rapid-response system.
Neuro Leap is a 4-in-1 system for early diagnosis of children with special needs (dyslexia and autism).
Drag Labs is a revolutionary means of searching for and disseminating new music. The application, currently under development, can record audio and music through several smartphone channels and upload them onto the cloud, which will sync with a home computer. The developers of Drag Labs say that the extended version of the app will be able to record videos, editing them in far less time.
Attendants and developers sampled products from Telata during the break, which is a company that produces frozen, alcohol-infused desserts. Their inventor is a chemist named Andrei Bordunov, who currently promotes his product as a food blend that allows restaurants, resorts, stadiums and other food venues to create alcohol-infused yogurts or ice cream.
An African expatriate named William Noibi invented a device known as ChargeBot. The gadget is a cellphone cover, a little bit larger than an iPhone Plus 7, covered in small solar panels that charge your smartphone. This innovation is ideal for those who travel a lot, especially to third world countries where electricity access can be limited.
Koscar is a virtual fitting room for clothes from stores and catalogues. Koscar introduced a mirror that digitizes your body and helps you select clothes with suitable dimensions. They plan to put these mirrors in clothing stores and, in the future, in consumers’ homes. This product minimizes shipping expenses and customer returns.
Care Anytime is a novel, personalized medical service for early diagnosis of illnesses that uses a unique system of machine learning. The system maps the level of biomarkers in DNA samples, the microbiome, urine, and blood.
StingrayReports is a simple and intuitive means of presenting and visualizing data with the assistance of artificial intelligence.
Care Anytime took second-place honors.
Businesses at the early stages of development requested seed money for between $50,000 and $1 million. Those that were better established sought investments of up to $2.5 million.
In the words of the event’s moderator, Max Shapiro, besides the underlying economics, the success of any startup relies on the charisma of its leader and teamwork. And if you ask for millions of dollars from investors to develop an idea, then you must, at minimum, be prepared to make a good impression in mere seconds.
SnappyScreen is the world’s first system to apply sunscreen to the entire body in 10 seconds. Christie McLean presented the automatic booth that covers the human body with sunscreen. The spray that the company uses is completely harmless to the skin. According to McLean, many resorts already use similar machines, and her innovation has prospects for distribution.
In the words of the event’s moderator, Max Shapiro, besides the underlying economics, the success of any startup relies on the charisma of its leader and teamwork. And if you ask for millions of dollars from investors to develop your idea, then you must, at minimum, be prepared to make a good impression in mere seconds.
Shapiro’s advice on raising money for a startup could be considered reliable. He is the venture capital guru behind world-famous organizations like PeopleConnect, Runway Incubator and PitchForce, as well as dozens of startups that received funding at the early stages.
Olga Bukhonina, creator and director of ActionSpot startup studio, which promotes promising young firms in Silicon Valley, says that the one-year-old organization is open to the widest range of ideas.