Title
Memory Board
Problem/Opportunity
Alzheimer's Caregivers frequently report experiencing high levels of stress. It can be overwhelming to take care of a loved one with Alzheimer's or other dementia, but too much stress can be harmful to all parties involved including Caregivers, patients and immediate friends and family.
Value Proposition
A “Memory Board” using both human input and machine learning to capture maximum information of the lifestyle of a dementia patient to aid the Caregiver in the management of the process.
Underlying Magic
1. We create the most comprehensive log of day to day events
2. We use stickers to create a family friendly way of moving otherwise very serious data
3. We use customized sound to manage mood.
4. We use sensors and beacons to complement the input of caretakers, friends and family
5. We use machine learning to help the Caregiver analyze the daily patterns and put forward lifestyle management solutions.
2. We use stickers to create a family friendly way of moving otherwise very serious data
3. We use customized sound to manage mood.
4. We use sensors and beacons to complement the input of caretakers, friends and family
5. We use machine learning to help the Caregiver analyze the daily patterns and put forward lifestyle management solutions.
Business Model
1. Revenue will be derived by licensing the software to demential patients who will be reimbursed by the government through a tax rebate.
2. Once critical mass is achieved Memory Board can compile the most up to date reports on dementia for subscription to global government groups.
3. Fifty percent of profits will go into updating the machine learning programs to further the science and to develop the cure for Dementia.
2. Once critical mass is achieved Memory Board can compile the most up to date reports on dementia for subscription to global government groups.
3. Fifty percent of profits will go into updating the machine learning programs to further the science and to develop the cure for Dementia.
Go To Market Plan
1. Confirm the best social chat platform (We have chosen Viber as a family friendly interface) and create a proprietary Memory Board machine learning platform.
2. Solicit Toronto’s three tiers of government to determine seed financing to develop a beta version.
3. Send beta version out to test.
4. Confirm market fit and sell licenses to dementia patient in Canadian cities based on a federal government rebate program.
5. Move the concept into other countries.
2. Solicit Toronto’s three tiers of government to determine seed financing to develop a beta version.
3. Send beta version out to test.
4. Confirm market fit and sell licenses to dementia patient in Canadian cities based on a federal government rebate program.
5. Move the concept into other countries.
Competitive Analysis
Homecare programs presently offer flexible hourly in-home care up to full-time supervision with fully trained dementia Caregivers. Our product will be the first machine learning program dedicated to dementia including family and caregiver input. Its functionality and management capability will make it a must-have tool for every Caretaker in the industry.
Management Team
Machine Learning: Tom Burgmann &Peter Ponert
Design and Marketing: Michael Bumby & Charles Thomas
Design and Marketing: Michael Bumby & Charles Thomas
Financial Projections and Key Metrics
Amount of Dementia patients worldwide: 45M
Annual Global Dementia Costs: $600B
Percentage of Global GDP spent on Dementia: 1
Annual Global Dementia Costs: $600B
Percentage of Global GDP spent on Dementia: 1
Current Status, Accomplishments to Date, Timeline and Use of Funds
Initial idea developed at Dementiahack, Toronto 8 Nov 2015
