Photo - NeuroMatic Automotive (Safety Driving Headset)
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NeuroMatic Automotive (Safety Driving Headset)

Ukraine, Odessa region
Market: Internet and IT, Medicine, Education, training, Gadgets , Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 20.05.2019
Min investment
$  100.000
Total required
$ 1.200.000
Rating
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Idea

The goal is to produce cheapest and high effective wearable device for Driver Assist in safety driving. The device is intended for warning of sleep-related road accidents and lets fatigue monitoring, driver drowsiness detection, aggressive driving style and others reasons like uncontrolled driver condition from alcohol, narcotic, soporific or unhealthiness. Realtime Driving Effectiveness tracking collects data to cloud-storage for analytics, trends and sharing.

Current Status

Incorporated in Estonia and USA
Brandbook
Website, CMS, e-Commerce, CRM
Pitch Deck
Business Plan
Prototypes - 5 units
Mobile Apps, Web App

Market

The global Brain Computer Interface market size was valued at USD 1.16 billion in 2018 and is expected to reach USD 1.72 billion in 2022, growing at a CAGR of 11.50% during the forecast period. mHealth market size was valued as USD 22 billion/57 mio units in 2018 and is expected to rich USD 40 billion/122 mio units in 2022.
Today estimated amount of vehicles is more than 1.2 billion cars on the road with forecast on 2035 up to 2 billions. New cars are produced more 70 million per year.
The device is intended as “MUST HAVE” for every car driver for safety driving.

Problem or Opportunity

Most of the existing driver condition control systems use visual pattern of driver to detect when a driver is becoming drowsy.
Car vendors offer different systems and technologies for drowsiness detection for same driver.
Existing car driver drowsiness detection systems can not control others reasons of sleep-related accidents like aggressive driving style, uncontrolled driver condition from alcohol, narcotic, soporific or unhealthiness.

Solution (product or service)

Universal smart personal bluetooth headset that detects car driver brain activity changes on real time and can connect to Apple CarPlay, Android Auto or others native onboard systems in any cars.
It is implemented as system with using low-cost single dry-sensor EEG (Electroencephalogram) headset, based on BCI (Brain-Computer Interface) and able to predict and respond to onset of drowsiness preceding stage 1st sleep.
EEG/BCI Signals Analysis is high effective solution for monitoring of driver's condition for warning road accidents.

Competitors

SleepAlert by Neurotone (direct)
Brainlink by Macrotellect (indirect)
Muse by InteraXon (indirect)

Advantages or differentiators

Head wearing form-factor
Raw EEG
8 Frequencies
eSense Algorithm (Attention/relaxation)
New Algorithms: Appreciation, mental effort, mental familiarity, mental fatigue, mental distraction
Bluetooth 4.0 BLE
Electrodes layout: 3x Forehead
Battery 24 hours standby, 12 hours connected
Connectors: Apple CarPlay, Android Auto or others native onboard systems in any cars.

Finance

Forecast Revenue:
2019 - $513,599
2020 - $1,163,513
2021 - $1,291,313

Business model

B2B:
OEM-supplier for car manufacturers
Partnerships with insurance and transport companies
B2C:
Retail and wholesale, e-Commerce

Money will be spent on

Software Development
Hardware improvement
Marketing production
Commercial production

Offer for investor

discussion on a meeting

Team or Management

Incubation/Acceleration programs accomplishment

https://www.bridgeforbillions.org
online incubation program
5,00
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video