spacebands

Idea

Introduction

After gaining extensive press coverage and 1000+ customers globally with our social distancing device (including the NHS, MoD, Panasonic, Sony & Amazon), we are now pivoting to create a new multi-feature hazard alert system that will aim to change the future of workplace safety, well-being and insurance.

The brand-new wearable and SaaS platform (app and web-app) will alert for a multitude of hazards that aims to protect businesses by preventing workplace injuries, reducing staff sickness, enabling workplace wellness whilst collating a paper trail of live safety data points. Employers will be able to make informed decisions about their workplace safety and will be able to monitor workplace stressors whilst prompting employees to action wellness at work.

Privacy is at the forefront of development, all data will be anonymous unless the wearable user (employee) decides to attribute it to themselves manually. Effectively, an employee can decide if they want to track their safety and stress at work and if not, their company can still benefit from the company-wide dataset.

Monetisation strategy

The cost for not using our products could be huge. Businesses want to keep their staff at work.

Our focus for sales will initially be on businesses within manufacturing, production and construction: these are busy, physical workplaces with lots of moving parts. In the UK alone, there are 2.7 million people working in manufacturing. In 2019, 22.6% of the world worked in industry (manufacturing, production, construction) - this equates to 1.8 Billion employees.

The industrial wearables market is set to grow to $3.1 Billion by 2026. We have found a product-market fit in a growing sector.

Companies can manage their safety and well-being more effectively by using the insights from the platform's data.

- Reducing incidents

- Increasing staff availability

- Showing employees they care about their wellbeing