Sent file: Team 30 - LifeSaver Band.pdf
Our innovative startup, LifeSaver Band, merges the concept of a festival or concert admission wristband with a discreet fentanyl test strip. This unique combination not only enhances the concert experience but also promotes safety amongst concert-goers by allowing them to check for the presence of potentially lethal substances. With our solution, we aim to transform the music events industry and help protect lives.
Our mission is safeguarding lives. Our vision is making LifeSaver Band ubiquitous in every venue using disposable wristbands, providing discrete substance testing capabilities.
Festival planners, concert planners, bars who use wristbands for admission
high risk of overdose due to unknowingly consuming fentanyl; event planners need to create safe environments
Last year over 70,000 americans overdosed from fentanyl, most of them unaware what they were actually consuming
Our solution merges admission wristbands with fentanyl test strips. Now every event-goer can discreetly self-test, removing social stigma and enhancing safety.
fentanyl test strips and disposable admissions wristbands. Both exist, this solution just combines them
Detach the strip from your wristband, moisten it, swipe across the drug. Like a pH strip, two lines indicate fentanyl presence.
This can save your life
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is the founder and I'm responsible for setting strategic direction, making major corporate decisions, and building a strong team.
As a founder, your team could include a Co-founder, CTO for technical expertise, CFO for financial matters, and perhaps an in-house marketing expert.
While there are no direct competitors combining our two functionalities, individual products with separate features do exist in the market. Our unique blend is what sets us apart.
Our primary focus is on safety rather than profit-making. We merely aim to generate enough revenue for smooth operations, ensuring that our customer's security is never compromised for financial gain.
$0.50 per wristband
We are progressing well with our prototype development. It’s shaping up effectively, integrating innovative features to address customer needs. Fine-tuning and iterative enhancements continue for optimal functionality, thus ensuring a market-fit product upon completion.
bracelets sold, venues utilized at, states sold in, lives saved if possible
Our company incorporated in
The major risks of my startup could be the legal implications along with potential misuse, efficacy concerns of test strips or non-adherence by event organizers due to possible increased costs. Regulation and social stigma towards drug testing could also pose challenges.
$
We raised investments
$
Currently, we are raising investments
$
Estimated pre-investment valuation of the company
