Innovative Idea Presentation

Today was the unveiling of our product to the rest of our class and a few representatives from the Blackstone Launchpad, a global entrepreneurship program. After the presentation, questions from the audience brought up some points that we had considered, but should further refine. Ways in which to launch the app were discussed among the group, but were never definitive on how we would launch. What we had concluded is that we would pair with pre-established smart-pay platforms such as Apple Pay and Samsung Pay. These are already well established companies and would be far easier to pair with rather than to compete against. Another group that presented a similar idea had an excellent idea to pair with a specific big bank. Not only would the bank most likely find the services that we provide useful and innovative, but they would also attract new customers because the bank would offer something unique that other banks do not have. Banks could potentially pay a very large sum for this service.