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| sharktankblog.com |
What started out as a project to compete in the First Lego League
Competition that they eventually won, is now in a position to save lives thanks to their prototype,the smartwheel.
IN SUMMARY:
•A team of teenagers(the inventioneers)comes up with a prototype smartwheel
•Their aim is to save lives
•We might witness the smartwheel on future automobiles
The Smart Wheel (Safe Motorist Alert for Restricting Texting) fits right over the steering wheel (you'll see on the Video below the post)and has built-in sensors that goes off if
you take one of your hands off the wheel, thus making it impossible to Text while driving. Awesome,isn't it?If warned too many times, the Smart Wheel will send a text message to the parents notifying
them on their kids driving habits.(Giggles)This means the inventioneers are MAINLY targeting the teenagers.Talk of instilling roots of responsibility among the future users.
The Inventioneers showcased their prototype on the Entrepreneurial show Shark Tank where they were asking for $100k for a 15% stake. They need $75k to finish the
industrial design and get it ready for
manufacturing. Robert(shark) offers them the $100k for 30%of the business contingent on a big car company interested in a licensing deal. Mark Cuban steps
in and says he would be interested in going in on the deal but he wants to drop the contingency on the deal. They can take the prototype directly to the car manufacture and have them in on the final design saving the much needed capital for other
expenses and the deal is reached.
Good to witness how technology is impacting positively on our lives and also for programs like shark tank for giving the potential minds a platform and financial support for the realisation of the dreams.
I guess future automobiles will have the smartwheel.Banking all my hopes on that.Thanks to shark tank,lives have been saved.
[ WATCH VIDEO ]
Also visit their website
Smartwheelusa.com
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