DroneLift

Category: Contestants

 

Name: Jacob Basel

NYU affiliation: Stern

NYU status: Graduate

Did you enter last year?: No

Do you have any teammates?: No

How many, including yourself?:

 

Concept Name

DroneLift

 

High Concept Statement

Uber for drones.

 

Status Quo

The problem is that people have a need for functions performed by drones, however, there does not exist an easy, cost efficient way for consumers to gain access to these services. This need is borne by retail consumers, corporations, and governmental agencies.  

 

Competition

Customers are attempting to address this need today by using substitute goods, i.e. instead of using a drone to spray pesticides, a crop duster is being used. Alternatively, potential customers have uses which are not being met at all, for example real estate agents that want aerial photos of their properties simply settle for normal photos. My primary competition is local drone service companies such as Falcon Drone Services or Arch Aerial.

 

Solution

By utilizing excess capacity (i.e. Drone owners/operators with downtime — like Uber drivers) we will be able to achieve cost savings and a more efficient allocation of resources. This will result in the consumer getting faster, cheaper, and better drone services (true disruption).

 

Revenue Model

The Revenue Model for this venture is comparable to Uber or AirBnB, DroneLift will take a percentage fee of every transaction “booked” on the application.

 

Which platform would you like to launch your app on?

iPhone

 

Which category best describes your app?

Utilities