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Synergise

A platform that uses AI to connect essential equipment/item manufacturers with industries so they can source components they need.

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What is the need are you focusing on?

Medical and protective equipment manufacturers are facing a shortage of supplies and critical components, hampering their ability to produce essential equipment relied on by healthcare workers and individuals to ensure their own and public health and safety. 

Which type of submission are you sharing?

  • Sharing a pivot idea your organization is considering or could consider

Describe the business pivot or adaptation in 3-4 sentences.

Many industries are capable with slight alterations to their processes, of producing components that go into essential equipment/items. However, what is not easy is for essential equipment/item manufacturers and industries to identify these hidden and not immediately obvious synergies. Synergise, aims to reduce the transaction costs of identifying suppliers through the use of AI and information tagging. Once matched, the connected parties can collaborate to produce critical medical and protective equipment.

Do you plan to implement this solution?

  • Maybe-with additional support

Describe the impact that this solution will create in the world.

Value proposition for essential equipment/item manufacturers: 1. Get critical raw materials and components to ensure supply of personal protective equipment, other essentials, etc. Value proposition for industries: 1. Keep doors open and generate revenue as normal business slows. 2. Utilize stagnant inventory and reduce the costs of storage, etc. Value proposition for society: 1. Essential equipment manufacturers continue their work and ensure public health and safety. 2. Industries can continue to employ workers, ensuring they continue to earn income for themselves and their families. 3. Reduce strain on government resources that can be deployed elsewhere.

What is your profession?

Lawyer and current masters student pursuing my Masters in Law and Business at the Bucerius Law School in Hamburg, Germany.

Where are you located (country)?

Germany

Where are you located (region)?

  • Europe

What industry is your business/company in?

  • Student

What kind of stakeholders and partnerships are needed to pursue this solution?

  • Funding- Investment
  • Stakeholders/Partnerships- Private Sector
  • Stakeholders/Partnerships- Government

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