BAA539 – Strategic entrepreneurship

BAA539 – Strategic entrepreneurship
Assessment 2 – Pitch presentation – 10am Law Group 1
Group:
Bony Joseph – 519635
Davis Baby – 546587
Pedro Rodrigues – 511573
Steffi Cardoza – 526636
Vidula Dharmawardana – 551539
Presentation summary and speech transcription
Start-up Company 1
ROBO INVENTIONS PRIVATE LIMITED
The presentation was made on Prezi software, please check the link bellow for full access
https://prezi.com/3jc4c9bgc6qu/?utm_campaign=share&utm_medium=copy
1. Title page
Robo inventions
1.1 Group
Bony Joseph – 519635
Davis Baby – 546587
Pedro Rodrigues – 511573
Steffi Cardoza – 526636
Vidula Dharmawardana – 551539
2. Company purpose
Design and build products that would ultimately be the answer to many of our
real life problems.
3. Problem
What type of robots can be built to deal with quarantined patients?
3.1 Other considerations
How problem currently solved by other companies?
Issues dealt with problem?
Why problem is important?
4. Solution
A robot that monitors patients in the rooms, interact with them and move them in
wheelchairs or beds to be examined (eg. collecting blood, x-ray). Additional features
as infrared thermometers and other devices can be builtin and the robot can also
deliver medicines (tablets and pills).
4.1 Prototype – Hygia
Hygia can handle several devices: camera and mic; Infrared thermometer;
attached itself to the bed to move it and some other features can be developed
according to customer’s needs.
5. Resources
5.1 Physical
Manufacturing facilities, buildings /warehouse and vehicles
5.2 Human / Technical
The knowledge and expertise of owners and any additional professional that
will need to be hire
5.3 Partners
Electronics and metal manufacturing and assembling.
5.4 Financial / Cost
The costs of the robo are calculate according to the hardware cost, extra fittings
require by the customer and future scope of buying. Economic scale.
6. Customers
Hospitals managers and governments
7. Competitors
Other companies that could manufacture a similar robot and regular staff
8. References
https://www.abs.gov.au/ausstats/abs%40.nsf/94713ad445ff1425ca25682000192af2/1647509ef
7e25faaca2568a900154b63?OpenDocument
https://www.aihw.gov.au/reports/hospitals/hospital-resources-2017-18-ahs/report-editions
https://www.bbc.com/news/world-us-canada-52144859
https://www.cnbc.com/2020/03/18/how-china-is-using-robots-and-telemedicine-to-combat-thecoronavirus.html
https://diligentrobots.com/
https://www.payscale.com/research/AU/Job=Registered_Nurse_(RN)/Hourly_Rate
http://www.roboinventions.com/
https://www.smh.com.au/national/very-concerning-number-of-health-workers-with-coronavirusdoubles-20200410-p54iv8.html
https://www.theguardian.com/us-news/2020/apr/15/coronavirus-us-health-care-worker-deathtoll-higher-official-data-suggests
Speech transcription
1. Title / Company purpose – Steffi Cardoza (526636) – [00:00:00 min]
From surgeries to keeping company: The Place Of Robots In Healthcare.
Hello, I am Steffi along with my group members would like to present a solution for
quarantined patients.
As COVID-19 spreads, we need robots to help more than ever — from cleaning hospitals
to promoting public safety. This is where robotic inventions private ltd can help. with a
pandemic sweeping across the globe, they might be among our most useful allies.
Robotic inventions private limited provide solutions for material handling in the industrial
sector using autonomous co-working robots. The company works on cutting edge
technologies in embedded systems, robotics and avionics. They Design and build
products that would ultimately be the answer to many of our real-life problems. Robots
are already in more than 500 hospitals around the world and that number is growing daily
due to the coronavirus outbreak. Specialized cleaner robots are more useful than ever
right now. They not only help hospitals reduce coronavirus transmission from surfaces,
but their work also frees up staff to spend more time focusing on tasks that require a
human element — like attending to sick patients, for instance. And they also help keep
hospital workers who are already overwhelmed and undersupplied out of harm’s way.
There are several key opportunities and benefits for healthcare providers and patients
when robots become part of the services offered.
Now let us know, what type of robot can be built to deal with a quarantined patient? –
Which will be taken up by my group.
2. Problem statement – Vudila Dharmawardana (551539) – [02:09 min]
Well, moving to the main problem statement, it is about what type of robots can be built
to deal with especially for the quarantined patients due to covid19. When we are looking
and analysing how other companies in our industry have solved this problem, we got to
know they have adopted several strategies to solve the problem. Some of the companies
have created robots to screen the patients when they are entering to the hospital.
Secondly, other companies have already built robots as a mode of entertainment for the
bored quarantined patients.
When moving to the issues associated with the problem, we have identified few issues.
The first issue is language recognition and language understanding of robots. Sometimes
language provides double meaning and is extremely difficult to process. The second issue
is context awareness, which is ability to recognise environment and adjust accordingly.
Moving on to the next point, I will be discussing why the existing solution is insufficient.
When analysing the other robots, still humans must make some interaction with them in
the treatment process to quarantined patients. Therefore, still there is a risk of
contamination. In fact, when cleaning the robots, human interaction needed and that’s
risky too.
So, now I will provide the reasons that why we need to consider our problem as an
important aspect. As you will know, covid19 is very pandemic situation throughout the
world. It will be transmitted to person to person by having a close contact with each other.
Therefore, especially in the healthcare sector, there is a high risk of contamination and
psychological effects such as stress. Therefore, we need to solve this problem by
reducing the close contact by using the robots to monitor patients and the workload for
healthcare workers. By using the robots, it will be a great help to slow spread of the virus
and it will help to save the lives of especially infants and very older population. So, due to
all these reasons, it is highly important to consider our problem statement thoroughly.
3. Solution – Pedro Rodrigues (511573) – [04:01 min]
Considering all problems pointed out regarding the high risk that the doctors and nurses
are daily exposed when dealing with quarantine patients. We can also add to that all the
emotional load of dealing with these patients. The health care workers have to deal with
high mental and physical stress, moral injury and other psychological issues.
Thus we would like to provide a great solution for those issues, following just 2 basic
premises:
• First, reducing the exposure to risk; more than use protective equipment we must
avoiding unnecessary contact at any cost
• Second, the healthcare works have so many important tasks to do. Why not
facilitate or exclude some less important tasks, given to them more time for what
really care.
Those single actions will ultimately reduce the possibilities of outbreaks starting in
hospitals.
If that in mind we now proudly present to you the future of health care – Hygia ( the name
refers to the Greek goddess of good health.) and this is what we are looking for. Hygia is
the state of the art solution. A robot that will monitor patients, going in the rooms and
interact with them and, why not, moving them in the wheelchairs beds or the beds. Why
have a nurse pushing the wheelchair or a bed when a robot can safely do that. If is
necessary collect blood or a X-ray just ask the robot to move the patient to the facility. It
is much easier and we avoid contact. The doctors/nurses also can see and interact with
the patients through a camera and mic. and more deliver medicine (tablets or pills). This
will protect both patients and workers.
Hygia can attach herself and move wheelchairs and bed safely carrying patients. She can
handle several devices: camera and mic; Infrared thermometer and some other features
can be developed according to customer’s needs.
Hygia, she is the future.
4. Resources – Bony Joseph (519635) – [06:03 min]
Regarding the key resources that required of our company robo inventions. The main
resources, that is physical, human, technical and financial resources. The human
resources will be related to the knowledge and expertise of owners. Physical resources
such as manufacturing facilities, buildings and vehicles. In the technical side, we have
people who have electronic design skills. We have people who have software design
skills. Then we have people who have mechanical plus electronics design skills. Next is,
we have partnering with four companies. That is, two partners for electronics
manufacturing and other two have for metal manufacturing and fabrication.
Moreover, another important aspect of this robo invention is the financial side. Being
start up, cost is higher than what we are selling the product. The main customers that is,
we are focusing on the hospitals and government. According to this customer segment,
the cost will be different than the other customers.
So, this is important that taking logical decisions on how big the client is so that we can
price robot in the right manner to make our product line up scalable, more scalable. The
cost of the robo calculates according to the hardware cost, different type of extra fittings
the customer requires, like pallete jacks etc., Type of customer & Future scope of buying,
Pilot project overheads, Software cost, Development charge for Full Systems.
Just as comparation here in Australia a nurse earns on average AU$ 53,032 to
AU$88,146 annually. Hygia will have higher cost than that. However, she doesn’t need
vacation or breaks what in a final comparation could reduce the difference.
5. Costumers / Competitors – Davis Baby (546587) – [08:21 min]
Now let us have a look at the Customers and Competitors of Hygia.
During COVID -19, Hygia can perform different tasks in the healthcare industry and has
been explained. So, our target customers are governments and hospital managements.
As per the records from AIHW, Australian Institute of Health and Welfare for the period of
2017-18 there are 1350 hospitals all over Australia and 693 falls under public sector and
rest in private sector.
The country holds an average of 2.5 beds per 1000 population. As per the 2019 census
data, Australia has a population of over 25 million which implies one million beds in
hospitals is required to meet the government standards. This is a good number for our
company.
The Australian Government provides 41% of public hospital funding and 24% of private
hospital funding. And every year the government is spending more than $71 billion in the
health care industry with about 62% of which is spent on salaries, wages and
superannuation.
Nationally, 378,000 full-time equivalent staff are employed in public hospital services in
which 42% are Nurses. Here we can see the importance of Hygia.
As per our estimation a single Hygia can take care of 100 beds in a floor that is 1 Hygia
per 100 beds. So, we can have a sale of 10000 robots in Australian hospitals. By this our
company can go beyond the break-even point.
Talking of our competitors, they are other robot manufacturing companies such as Otto
motors, MI robots, and Clearpath robots. As of now, these companies do not have a state
of art technology what we have in the healthcare sector. Hygia can benefit the health care
workers as they can treat their patients with zero contact during this pandemic period.
That is all about customers and competitors. Thank you.