Smart Alert

Problem/Need: In case of emergency, you can call 112, your family or your friends but they usually need a lot of time to reach you. We don't have a way to notify nearby people. As example, we mention the followings: Each year in EU we have an average of 350.000 heart attacks outside of hospitals that need emergency respond and 100.00 of them could be saved with first aid by civilians. Moreover, we have about 1.8 million strokes in EU, which is the leading cause of disabilities in Greece. Response time in most cases is huge and may lead to great damages for the person in need.

Solution: That’s why we create “Smart Alert”. An app that is there to help you instantly when something bad happens. We connect each user of the application so if an emergency happens, those that are located closer to you get notified on what the problem is and how they can help you the fastest way possible. If you are the one in need just press the Red Button and whoever is within a certain range of kilometers receives the notification. We also notify 112 and local authorities. More features will be included, such as connection with wearables (e.g smartwatches) and a gamification character will be introduced.

Revenue: We will offer our product to municipalities in order to create a safety network between citizens. Each civilian will have free access to the application through his/her municipality, which will cooperate with us. An important share of our revenue will be generated through the tourism industry. Specifically, our main clients will be tourist agencies, insurance companies, hotels, etc. These businesses will provide access to the application to tourists that visit the country, in order to enhance the safety feeling of their customers and make their product more appealing. They will be able to buy packages with determined number of “seats” and then offer them to the tourists, so they will be able to connect with locals. Additional revenue streams would come from selling data of the application’s users and advertising.

Market Size: The Europe travel insurance market size was valued at $6.25 billion in 2019 and is projected to reach $10.39 billion by 2027. In Greece, the number of people in communities and organizations (which can act as partners and help us spread) is estimated to be 1.3 million, while the average number of tourists that the country receives each year is 30 million. The same numbers for EU reach 74.6 million and 713 million correspondingly.

Innovation: On the contrary with other safety apps, “Smart Alert” , allows you to connect with people that can save your lives, which in other cases you wouldn’t have access. Thus, you don’t only rely on your friends and family but anyone who is nearby you may act as a first responder. We help to create a society of active citizens and we offer an extra tool to tourists. Having an application like “Smart Alert” , while traveling in a foreign country gives you peace of mind and can be life-saving in case of emergency. Additionally, if first aid is applied before emergency services arrived, 59% of deaths from injuries would have been preventable and 64 billion euros per year of healthcare costs can be saved in Europe.

Team: We are a team of three passionate students, and we are all members of voluntary organizations, with certification in first aids. Coming from touristic regions, we are familiar with the way the industry works and we are able to make good use of our connection with them and close our first deals.