Startup : Protolution
Founders : Prateek Mathur and Nishant Bhojwani
Country : India
One sentence pitch : Crowd sourced social platform to test product prototypes
2. Entrepreneurs: If you are an existing entrepreneur who is looking to create a product extension or a new product line or a new entrepreneur who has a prototype then Protolution is created keeping you in mind. Utilize the power of the crowd to help you develop the product further keeping in mind actual market fit. As a potential entrepreneur who is unsure about a product prototype, Protolution will help you to understand the marketplace better.
3. Financiers such as Incubators, Accelerators, Angel Investors and Venture Capitalists: As financers, you would receive more than a dozen proposals daily that claim to be the next big product! Send your entrepreneurs our way and witness the world’s reaction to their concept before investing money. Protolution helps to reduce your misses and increase your hits. Make the right data driven decisions today!
4. Marketers and Advertisers: With the help of an active online community, decide which campaign to focus on and create hype before launch. Use the incentive tab to get your future consumers to register for your product and ensure initial sales are done at launch. As a product manager, bring the crowd together to help you make the right decisions so that your product is a huge success at launch!
5. Professors of Entrepreneurship and Marketing: You are the driver of entrepreneurship and new product development. Include Protolution in your teaching method to make your students learn about new product development in the real world. In this online social media driven world, where being first could be an advantage, teach your students how to rally the crowd behind their creations. With the addition of Protolution in your teaching method, you could actually help create new products the world truly needs!
Vision / Scaling Plans/ Future Plans : In this online world, as much as we will plan it’s the market that will decide our fate. We would like to set up offices in developing entrepreneurial countries and hire people that are dedicated to building out partnerships for us.Down the road we hope to have strong relationships with incubators that can utilize Protolutions testing services as an application tool for their programs.
Website URL : www.protolution.com
Country : India
One sentence pitch : Crowd sourced social platform to test product prototypes
Description : Protolution is built to democratize the way businesses develop products through crowd sourcing. We are a crowd sourced platform that allows businesses to test their prototypes with a community of early adopters. Protolution is an online tool that removes the hassles of creating a focus group and ensures quick response from the crowd – your future customers. Protolution will help to get your prototypes validated, help get your initial customers and will create awareness of your product / services even before you start selling! Protolution aims to help entrepreneurs and established businesses make the right data driven decisions in the simplest manner possible.
Startup status : In development
Target Audience : Protolution is created for:
1. Early Adopters: Watch the world drive product development in a new and exciting way. Give product developers feedback so that they can create products for you. Find out what is new and get incentivized for your opinion. Some of the incentives include discounts, coupons and free products.2. Entrepreneurs: If you are an existing entrepreneur who is looking to create a product extension or a new product line or a new entrepreneur who has a prototype then Protolution is created keeping you in mind. Utilize the power of the crowd to help you develop the product further keeping in mind actual market fit. As a potential entrepreneur who is unsure about a product prototype, Protolution will help you to understand the marketplace better.
3. Financiers such as Incubators, Accelerators, Angel Investors and Venture Capitalists: As financers, you would receive more than a dozen proposals daily that claim to be the next big product! Send your entrepreneurs our way and witness the world’s reaction to their concept before investing money. Protolution helps to reduce your misses and increase your hits. Make the right data driven decisions today!
4. Marketers and Advertisers: With the help of an active online community, decide which campaign to focus on and create hype before launch. Use the incentive tab to get your future consumers to register for your product and ensure initial sales are done at launch. As a product manager, bring the crowd together to help you make the right decisions so that your product is a huge success at launch!
5. Professors of Entrepreneurship and Marketing: You are the driver of entrepreneurship and new product development. Include Protolution in your teaching method to make your students learn about new product development in the real world. In this online social media driven world, where being first could be an advantage, teach your students how to rally the crowd behind their creations. With the addition of Protolution in your teaching method, you could actually help create new products the world truly needs!
Startup Product/Service Pitch :Protolution is a crowd sourced platform that is targeted at entrepreneurs and established businesses who have a prototype to test. We aim to democratize product development .
This is useful when entreprenuers are thinking of new ideas and businesses of new product features. This is also targeted at those entrepreneurs who are planning a crowdfunding campaign. Depending on the platform, almost 40% of crowd funding campaigns don't reach their goals and Protolution can help these entrepreneurs to further test their campaigns before going the crowd funding route too.
Vision / Scaling Plans/ Future Plans : In this online world, as much as we will plan it’s the market that will decide our fate. We would like to set up offices in developing entrepreneurial countries and hire people that are dedicated to building out partnerships for us.
Website URL : www.protolution.com
