24A - Venture Concept No. 1

SO CIAL


Opportunity

• College students are not sure about how to mingle with each other. There are applications that are currently used to connect them, but students find it hard to actually get to know each other before doing so. 
• The main forces consist of 
• Clubs and organizations prove to not be as active on social media
• Students are lonely and shy when they first come to college
• People usually get to know each other first
• Social media current app does not have a way to mingle college students together if they do not know each other well
• Market Defined as
• Students want to get to know each other
• Specific Colleges (Only 1 College per portal)
• Customers currently Satisfying Need
• Trying to go out to clubs and organization while managing their professional and academic career
• They are pretty loyal because they need to do it in order to expand their resume and such
• Opportunity
• I think the opportunity is very huge because connecting college students would create a unified gator nation
• Window of Opportunity
• It will be open until college students get to find their friend groups and groups, but I think it will always be open.

Innovation

• An application that connects students together through a portal. There, it would organize their life socially, academically, and professionally. Students would use their ID to verify who they are in order to connect with other students. People can enter chat room for classrooms, get to know each other, and message each other through encryption. It would be safe and not have a lot of security risk.
• Students would enter their credentials and see what they have to accomplish for the days. Organizations would be able to virtually table to people and etc and post their updates without having to update all of their social media.
• I am not quite sure how much it would be making because I think this would be more of a non-profit of such. Advertisement could be a key, but I would not want that for the application.
• I think it could be charged by how much the school would want it such as a subscription-based model like for Zoom and other applications that UF purchases.

Venture Concepts

• The innovation would solve the problem by allowing people to connect with each other through the application. It would try to void the awkward moment by allowing people to talk with others online. It could allow messaging to people and create a greater inclusive nature within UF.
• I think people would switch to the product especially when some social media usages are dying. College students would not have to struggle with finding out about the clubs and organization.
• There isn't really any competitors for now except for the usual social media. Their weakness is that they do not cater as much to the college students, as they are more of a universal application.
• Customer support and customer experience is really important as the application is designated to their geographic location, the school.

Three Minor Elements

• Most Important Research: Catered towards the college students. As it is catered, we are able to use our personal experience to reflect the application and provide great personal support
• What's Next: Expand the application to more than just one school.
• What's Next For Me: Expand my ideas towards another field and create a company that encapsulates everything together