Hi All
I’m a technical guy with around 10 years of industry experience (and an experience of a failed startup although as a consultant only).
I’ve developed a proof of concept(PoC) of home automation. This PoC is a demo to switch on and off two bulbs connected to a socket board via smart phone over the internet. The same can be done with any appliance in the house. A small video(3 minutes) is embedded below. More details can be found at https://angel.co/home-in-hand
Now, I would like to go full time into developing a product which would not only scale the product but would include security, profiling, manufacturing, adding further features to self-manage an installation by end-user etc by starting a company. But can’t leave my day job without any investment. Also, a few people are willing to join me but again the problem is that they won’t be able to leave their jobs without getting some remuneration.
Should I approach angel investors with this prototype or is it too early? What is the best way to move forward. I’ve not stopped working on further developing the product.
Any suggestions would be welcome.
Br,
Sandeep
Anoop SathyaMurthy
Sandeep, The product is amazing! I would definitely buy it.
I think you should start pitching to AI’s and take your product to the next level!
Good luck!
Darshan Bhambiru
Take some time , Do a Survey, Estimate resources at Hand and how would you approach the Target Audience, What size would you be able to cater to safely, how would you scale up accordingly, Phases and the rest too. Get in touch with Electrical / Electronic Appliance Makers Domestic / International, Mobile Makers,
There are apps for Universal Remotes for almost every Television and other Appliances on Smart phones already do you have something added in similar lines too ? Can You do that, would it be A Value Add since no one wants to switch apps for doing the same tings too Right ?
Do this while you and your Future team still are Working Jobs for now!! Plan!
Do Check and get in Touch with a few in the Same Line of Interest, to get you started here are some for your reference and Study 🙂 Good Luck!
Go through the details of the post and the following comments if you can forge some collaborative work for the purpose too
1> SmartGARDTab: How to get Manufacturing and Marketing Partners for Android Tablet based Home Automation and Security System
2> Future of (is) Android
Connect here : <–
3> Smartphone Controlled Paper Airplane
Sounds Similar ?
4> A revolution in smart home awesomation by Nikhil Srivastava from Bangalore the Pluggx Switch is another step forward into a well-lit future. The smart switch allows you to control your room or home lighting /appliances from a smartphone .
Pluggx Switch is the first mono-room automation product designed exclusively for :
Apartment Owners
Hostel & Dorm room
Hotel Rooms
Old Age peoples
Hospital and Patient room
Shops
Office cabins
Ordinary peoples
Needs no wifi /LAN , monthly service charge or geeky installation headaches
Hope this Helps / works for you !! Cheers!
Sandeep Gupta
Thanks Anoop and Darshan for replying. As a full blown product, this is what I envisage:
– one Home Gateway (probably can be included inside ADSL/Wifi router in future)
– one Home Network Element for each room. This should be able to control not only hardwired devices (eg, lights, AC, fan etc) but also be able to control TV, STB, DVD over Infra-red (and just need to change configuration online if you change brand of your product)
– Multiple Home Network Controllers, which actually would be mobile applications. Each HNC would have unique profile, so that my Parents’ would not be able to switch off lights in my room.
– Customized Home Network Element, eg just next to your Video-phone door bell which can be used to transmit AV to your phone when you are not at home and you can unlock doors via mobile phone.
– A web interface for the administration of a home to manage all devices, user profiles, groups, rules etc.
Thanks for the links. SmartGard is cool, they have done a lot of what I intend to but with a different implementation technique but I’m not looking for collaboration at this stage.
A normal installation with one HGW and 3 HNEs should not cost the end customer more than Rs 15K. My idea is to have a soft launch in 6-9 months and commercial launch in 1 year. So, my next question is who do I approach and how do I approach? So, I’ve a demo and a presentation with estimates. From what I found out that Indian AIs invest only upto 5 to 10 Lakhs which would be a small amount what I’m looking for if I need to get good people on-board. My one year’s estimated cost is coming out to be around $300K with a target of 500 ready for installation setups.
Br,
Sandeep
Rishi
Sandeep – You have something that has potential, but this space is getting really competitive. If I were you, I’d start pitching. There’s nothing to lose, worst thing you’ll hear is “come back in few months”, but you’ll get some valuable feedback. Send me an email asap and I can probably be of some help — rishikesh.g@gmail.com.
asha chaudhry
sandeep – do check out alok’s funding pitch (and feel free to use it!) in case you need to….
https://www.therodinhoods.com/forum/topics/a-ready-to-use-template-for-pitching-your-business-for-funding
Sachin Bhatnagar
1. Examine similar products in the market : I’ve backed two home automation products in the recent past via crowdfunding. The first one is Lifex (http://www.lifx.co) and the other one is the Ube Smart Dimmer (http://www.myube.co). Have a look at these devices. The success of these two crowdfunding campaigns says a lot about the demand for home automation products. And I’m talking about the west, we’re still pretty much in the dark about home automation in India.
2. To define it as a concept, your device provides remote switchable power sockets. I would say if you can turn this into a power strip which can be remote managed, this would be a killer product. I know I will buy one because it would solve so many problems for me. But I’m not sure if Raspberry pi would make sense in mass production. You could add features like :
– Auto shuts down devices after a preset time/calendar date/time
– Monitor and log power usage for each socket on the strip.
– Daisy chain multiple of these power strips to be used as one big controllable switchbox.
– A possible API perhaps, for developers ?
So once you lock down on the specifics, design & build a presentable prototype that can be demonstrated -> Critically Important !
3. Should you look at crowdfunding, then step number 2 becomes very important because the pitch videos would need to show the prototype in action and in its final design phase. If you do not want to look at crowd funding, the prototype phase becomes ever so important anyway, even if you want to pitch to a VC.
4. You could also build limited pieces to test the device in the market with a closed user group. Get their feedback and testimonials. Build a website that allows you to demo and market it further.
Sandeep Gupta
Dear All
Thanks for the pointers, views and encouragement. Gives me more courage to take the deep dive.
Br,
Sandeep
Bijumon Janardhanan
My Friend Darshan want me to comment on this as we have home automation system. It seems like industry is maturing to accept and afford such systems.
JNK Pune, https://www.smartalertinfo.com/
Sony Automation, Nasik
Jaymit Technology , Mumbai
Please read our blog here
Our Technology for Sale Blog
Sandeep Gupta
Hi All
An update from my side at this link.
Br
Sandeep