We want to make renting easier and better for both parties.
“Never waste another minute on tasks that can be automated!”
Our venture is to create ‘Aide,’ a medical software platform incorporating machine learning for physicians in private practices and hospitals.
Currently general physicians spent 37% of their time in repetitive and manual tasks such as note taking, filling forms for patients, and checking patient’s past history.
Aide is going to reduce 37% down to 12% of the allocated time spent on such tasks for physicians. Thus, physicians have the unused allocated to time to see more patients and eliminate the long appointment waiting time. In return, patients will be able to see physicians on time or have less waiting time.
Our current target market is geared towards private practices in Canberra.
And our long-term goal is to expand to private and public hospitals, health clinics, and centers in Australia.
We are Autom8, comprising of 4 ANU students specializing in Engineering, Business Information Technology, and Computer Science.
We are currently under the process of establishing a relationship with a potential key partner who is a general physician located in Canberra.
According to the 2011 Australian census, of the 1.7 million private rentals, 1.2 million are managed by real estate agents and 500,000 by private individuals. This number is growing rapidly each day as the younger generation becomes lifetime renters. Our platform targets both wealthy investors renting through real estate and more price sensitive home owners.
> We would like to initially target the ACT, where we are experienced and have connections. Sydney, Melbourne and Seattle would be the next likely candidates for expansion. Even capturing only 5% of the rental market in Canberra is approximately $4,400,000 p/a from a 5% brokerage fee alone.
> Our project is scalable, and could potentially roll-out to all of Australia/Worldwide, however we do have to ensure that all the internal cogs are working perfectly. Although this is not a moonshot, it does have the potential to be one.
We may expand into parking and home-purchasing in the future.
> It is becoming increasingly likely that the younger generation will be eternal renters.
> For homeowners and investors, agents are expensive, charging 7-12% + additional fees. Self-listing is time consuming and impossible if out of the state. Self advertising also risks lost rent from having no occupants and bad tenants.
> Real estate is a huge, and frankly, outdated market.
> We want to manage the entire process, combining the role of allhomes and agents with a intuitive site fuelled by machine learning. Homes can be rented in one click, in a timely manner. With fewer real estate agents, we can handle significantly more properties with this technological backing.
> Our team is very technically savvy. Max is skilled at Machine Learning. David, You and Atlas are capable web developers. Implementation is not a problem. Atlas is also a certified real-estate agent in the USA and You has connections with a local real estate company.
> We are looking for a mentor with business experience and potentially experience/connections with real estate companies.
We can divide our customer base into tenants and landlords:
Real Estate Agencies: