IDEEZA-AI system to create a new product from text
Description
IDEEZA marks the dawn of a new era with its No-Code, online and user-friendly Hardware Product Development Platform that yields automatically a finished and customized product from a simple description of the idea within few minutes; allowing anyone, even without specific knowledge and resources, to create and empower a new technology product by himself.
IDEEZA has the potential to disrupt both the product development market and the manufacturing industry.
The Problem:
The wish to create a new customized product by yourself - is one of the largest worldwide movements, billion-dollar companies use it to disrupt traditional industries within just a few years.
The Internet revolution, that rendered accessible free information, along with the rapid progress of technological production such as electronic boards and 3D printers, gives incredible passion to hundreds of millions of entrepreneurs, startups and DIY hobbyists worldwide. That was supposed to be enough to join this movement and allow anyone to realize their customized and unique technological ideas.
But despite technological advances, new modules and AI tools that seemingly get smarter and smarter, the end to end process for designing and developing of a new hardware product hasn't changed. This process is still (i) an exceptionally expensive by its complexity and the resources involved, (ii) and has incompatibility issues. Existing digital solutions don’t collaborate to allow a single streamlined process, (iii) requires high level skills to operate technical and software tools and the production process, and are (iv) long drawn-out, leading to multiple rounds of prototyping before the design becomes truly “production ready”.
These above issues are the glass ceiling that prevents the industrial revolution when it comes to a creativity that using hardware. Most of us can't fulfill technological ideas and empower our creation, whether we are an innovator, entrepreneur, startup or a D-I-Y Maker in an emerging and growing market.
The Solution:
IDEEZA is a fully automated No-Code product development platform powered by deep technology processes, it is also the first and only one to use a multi-layer generative design tool, capable of efficiently integrating electronic circuits, code, and mechanical components into a new technological product without having to leave our platform or rely on additional resources. IDEEZA generates 3D simulations that can be publicly-shared and production-ready blueprints while it identifies the optimal production progress; so, users can send their blueprints to our optimal affiliated manufacturers and have their product built and delivered to their doorsteps.
This process enables the hardware industry to join the revolutionary movement, allowing anyone, even without specific knowledge and resources, to create and empower their technological ideas.
To date, we have a select number of initial users and we are expecting to run a soft launch in Jun 2022. With our service providers (third party companies and partners) we are in the process of selecting and onboarding the most suitable companies and have already met dozens of them, such as: electronics manufacturers, 3D models manufacturers, assembly, cloud, patent attorneys, and marketing.
The Opportunity:
We have conducted extensive market research into the rapidly-evolving product development landscape. According to 'DUBLIN - Research and Markets' the Product Engineering Services Market itself will be worth more than 1 Trillion USD - and concluded that, at this point in time, focusing our platform as an online end-to-end process for the IoT industry, would likely yield the fastest, most direct, and be the most efficient way to tap into our targeted market.
According to a recent report by ResearchandMarkets.com, The global low-code development platform market is predicted to generate a revenue of $187.0 billion by 2030, rising from $10.3 billion in 2019, and is expected to advance at a fast pace, 31.1% CAGR, during the forecast period.
To obtain a complete market landscape, according to youth market research firm Ypulse , 69% of Millennials wish they could create a new product, and 81% of Millennials would be interested in helping a brand or company design a new product. Thanks to years of increased access to open-source technology and participation in a growing maker’s culture, Millennial consumers want more: more options, more uniqueness, and more say in what they want to have.
Competitive Advantage:
We will face intense competition from traditional Market; including from makers of 3D modeling software, human product engineers, consultants, and other resource driven platforms, including those that cater to laymen innovators. In addition, we expect to be subject to considerable skepticism, especially from channels which perceive IDEEZA as a competitive threat. Either way, we are currently not aware of any direct competitors, who offer an online and fully automated end-to-end product development platform, that compares to ours; especially if one considers (i) ease of use, (ii) breadth and reach, (iii) control and quality, (iv) value for money, and (v) time-to-market.
Especially if taking the continuing rise of millennial's desire to play an active role in creating products and making it their own customized product. When it comes to technology products, we are the first to truly be giving them this option.
The Model:
IDEEZA was conceived as a next-generation Software as a Service (SaaS); and as a creativity flagship, it's free to use, and each user contributes to improving and optimizing the core engines of the platform.
We will be generating revenues by offering attractive one payment or monthly subscription plans for private users who prefer to keep their developments confidential and not share them with the community ($69-$999 per month) and after the Commercial Launch when a user sends his product to production, by charging up to 20% of each transaction.
In 2024 we expect to drive massive revenue growth by opening the mass production option together with allowing additional plans for third party partners that wish to advertise or receive preference on the platform
The Team:
The company has 22 worldwide dedicated workers - developers, engineers, industrial designers, Artificial Intelligence, marketers and more.
The Executive team is composed of 4 senior managers including the two co-founders: Moran Biton (CEO) and David Mermelstein (CSO). Both have master's degrees and engineering background with extensive startup and entrepreneurship experience. They have managed and led together millions NIS projects with the Israel Innovation Authority and for Israel’s Ministry of Defense and have created a core of expertise around them. Jean-Philippe Diel is the CMO with entrepreneurship and startup expertise as well as a solid background in Sales and Marketing of Consumer tech and FMCG, previously GM Marketing of Samsung in NZ and Minhaj Islam an expert algorithms developer with experience in Backend & Frontend development is the CTO.
The Promise:
IDEEZA has a Patent and trademarks in USA, Europe, China, Japan, South Korea and Israel, won the first place and named the “Rising Star” at the What’sNext18 Awards and the first place in DLD innovation global competition, selected by Calcalist to present at its annual conference in NYC (April 2019) and by Shanghai FTZ and CIIE (China-Israel Innovation Exchange Center) to join and present in their Roadshows in China. Reach the final in ChatBot, Ebay and Calcalist Industry4.0 Startup competitions.
A soft launch is scheduled in Jun 2022 and we expect to generate initial revenues during this year.
Sustainable Development Goals
4. Quality Education
Education has always been and remains a significant key to escaping poverty and hardship. Yet, approximately 260 million children and youths had no access to education in 2018 (UNESCO, 2018). In addition, most states were forced to temporarily close their schools, as a safety measure resulting from the ongoing COVID-19 pandemic. The transition to online learning in this regard has exposed significant gaps in school systems and has proven the necessity for technology-assisted learning. The above-mentioned solutions showed that AI has the potential to accelerate progress towards the accomplishment of Sustainable Development Goal 4, which targets education. At IDEEZA we give the world back the power to invent, share and innovate
5. Gender Equality
Women and girls must have equal rights and opportunity and be able to live free of violence and discrimination. Women’s equality and empowerment is integral to all dimensions of inclusive and sustainable development. Ending all forms of discrimination against women and girls is not only a basic human right, but it also affects all other development areas. Since 2000, the United Nations Development Programme has made gender equality central to their work, with some remarkable successes. More girls are now in school than were 15 years ago, and most regions have reached gender parity in primary education. Women now make up to 41 percent of paid workers outside of agriculture, compared to 35 percent in 1990. At IDEEZA we give equal opportunity to invent, share and innovate
8. Decent Work and economic growth
In developing countries, the middle class now makes up more than 34 percent of total employment, which has nearly tripled between 1991 and 2015. However, as the global economy continues to recover from the 2008 crisis, we are seeing slower growth, widening inequalities, and not enough jobs to keep up with a growing labour force. COVID-19 has endangered the global economy; the International Monetary Fund (IMF) expects a global recession as bad as or worse than in 2009. In the United States, COVID-19 outbreak resulted in an increase of unemployed Americans by more than 14 million, from 6.2 million in February to 20.5 million in May 2020. At IDEEZA we give the world back the power to invent, share and innovate
9. Industry , innovation and infrastructure
Inclusive and sustainable industrialization is a key driver of development by increasing economic productivity, creating jobs and generating income leading to a reduction in poverty and overall economic growth. Industrialization also encourages greater investment in skills development and education thereby providing opportunities for the advancement of social inclusion goals such as women and youth empowerment. Innovation and technological progress are key to finding lasting solutions. Globally, investment in research and development (R&D) as a proportion of GDP increased from 1.5 per cent in 2000 to 1.7 percent in 2015. In communications infrastructure, more than half of the world’s population is now online and almost the entire world population lives in an area covered by a mobile network. At IDEEZA will take off the glass ceiling from the Hardware innovation and bring to the market and to the manufacturers millions of projects that has no chance to get to that level before.
17. Partnerships
The SDGs can only be realized with strong global partnerships and cooperation. Improving access to technology and knowledge is an important way to share ideas and foster innovation in our increasingly global economy. Coordinating policies to help developing countries manage their debt, as well as promoting investment for the least developed, is vital for sustainable growth and development. We at IDEEZA are promoting international trade, and helping developing countries increase their exports is all part of achieving a universal rules-based and equitable trading system that is fair and open and benefits all.
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