San Jose startup studio ActionSpot, focused on IT projects in big data, artificial intelligence, virtual reality, and cybersecurity, presented ten ideas poised to disrupt the industry status quo.
Among the ideas were projects aimed at revolutionizing the healthcare system, early childhood education, artificial intelligence, fitness, virtual reality, and other fields. An expert jury, headed by 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 aimed to resolve, pitch their ideas, forecast scalability and returns, provide a brief overview of the market and its outlook, introduce their teams, 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 traditional sports. In the future, the developers plan to bring gamers together online, where they can play while building muscle in their legs and other parts of the body.
Right Ear/Left Ear is a soundbar for home theaters, automobiles, and other applications that uses 3D virtual sound processing. It can also be used in newly released flat-screen TVs.
Vintra is a deep-learning programming solution that quickly and easily transforms existing video surveillance systems into rapid-response systems.
Neuro Leap is a 4-in-1 system for the early diagnosis of children with special needs, including dyslexia and autism.
Drag Labs is a revolutionary means of searching for and sharing new music. The application, currently under development, can record audio and music through several smartphone channels and upload them to the cloud, which syncs with a home computer. The developers of Drag Labs say that the extended version of the app will be able to record videos and edit them in far less time.
Attendees and developers sampled products from Telata during the break. The company produces frozen, alcohol-infused desserts. The inventor is chemist 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, slightly larger than an iPhone 7 Plus, covered with small solar panels that charge a smartphone. This innovation is ideal for people who travel frequently, especially to developing countries where access to electricity can be limited.
Koscar is a virtual fitting room for clothing from stores and catalogs. Koscar introduced a mirror that digitizes your body and helps you select clothes with suitable dimensions. The company plans to place these mirrors in clothing stores and, in the future, in consumers’ homes. The product minimizes shipping expenses and customer returns.
Care Anytime is a novel, personalized medical service for the early diagnosis of illnesses that uses a unique machine-learning system. The system maps biomarker levels 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.
Businesses in the early stages of development requested seed funding ranging from $50,000 to $1 million. Those that were more established sought investments of up to $2.5 million.
According to the event’s moderator, Max Shapiro, besides underlying economics, the success of any startup relies on the charisma of its leader and teamwork. If you ask investors for millions of dollars to develop an idea, then you must, at a minimum, be prepared to make a strong impression in a matter of seconds.
Care Anytime took second place.
SnappyScreen is the world’s first system designed 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 used by the company is completely harmless to the skin. According to McLean, many resorts already use similar machines, and her innovation has strong potential for distribution.
Shapiro’s advice on raising money for a startup could be considered reliable. He is the venture capital expert behind world-famous organizations such as PeopleConnect, Runway Incubator, and PitchForce, as well as dozens of startups that received early-stage funding.
Olga Bukhonin, 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.
