New innovative business idea - feedback ?
Hi all,
My name is Kevin, I'm looking for any and all feedback and advice with regard to a new business idea.
The business concept is a totally new way of waking - an alarm clock which utilises the harmless and frequently used technology of Electrical Muscular Stimulation (EMS) to rouse the user. EMS is currently used by products such as "Slendertone" - you know the belts that people wrap around their waist to stimulate their abs.
EMS delivers a unique sensation to the affected area that is strong but not painful. For these reasons it is believed EMS will provide an ideal alternative to ordinary alarm clocks. The alternative that is proposed will be called the “E-wake”. It is believed that this new product will overcome many of the problems associated with conventional alarms. Problems such as ;
1.As time passes users can become immune to alarms that they have used for long periods;
2.Deep sleepers often find it impossible to wake with the aid of these devices claiming they do not hear the noise;
3.If a user is successfully woken by their alarm, they will still probably be very drowsy;
4.Individuals will almost involuntarily choose to avail of a “snooze” function instead of getting up as they might wish to.
The device is comprised of an armband, similar to those used for casing mp3 players and electronic devices during exercise. The armband will house an LCD screen displaying the time and date and will obviously incorporate an alarm function which can be set to the desired wake up time of the user. The unit will have a button interface which will allow the user set the alarm time.
The E-wake is intended to function as follows; when triggered, an electrical current will flow into electrodes (metal contacts) which will be located on the underside of the armband . These electrodes come into contact with gel pads which in turn touch the users skin (bicep). Upon feeling his/ her muscles involuntarily contract (due to the current) the user will be roused.
Initially,it is intended to sell the E-wake within the Irish market. Particular market segments which will be targeted are the deaf / hard of hearing community and people who have extreme difficulty waking - narcoleptics, as it is believed our product can be most beneficial to these individuals.
There are approximately 30,000 deaf people living in Ireland alone (Irish Deaf Society 2010), and although some products do exist to cater to the needs of this segment (Hearing Direct 2010), we feel that E-wake is a much more effective product than any of those currently on offer.
Thank you for taking the time to read the concept, and as I said at the top any and all criticism , advice and feedback would be greatly appreciated.