StartupStudio kicks incubation in top gear with Locumotive App Launch in the UK.
StartupStudio will facilitate conglomeration of investors who can view and evaluate ideas submitted by people all over the world
2020 has been a difficult year for all kinds of businesses specially for startups. The markets are closed partially or completely, the purchasing power is lowered and there is very low market liquidity to attract investors. However there is a silver ray of hope being established by some startups which are defying market trends through some excellent product development, launch and marketing strategy.
One such example is Locumotive mobile application incubated and accelerated by StartupStudio.
Conceived and founded by two bright young entrepreneurs namely Gautam Passi and Samsher Singh, Locumotive is a mobile app meant for revolutionizing the optometry industry.
Locums is a term colloquially used for doctors or optometrists working on contractual basis that visit various pharmacies and other medical facilities for consultation and diagnosis. The locum work is highly valuable for optometrists, patients and locations that they visit to ensure proper medical diagnosis and prescriptions being available to patients even in the far flung areas.
The challenge in the industry has always been the organisation and administration of the entire operation which requires connecting with Locums, checking date availability, hourly rates, location access and various other factors. Until recently the pharmacies and locums had to coordinate using emails, phone calls, text messages and other similar resources. The old age methods were not only inefficient but also time and cost consuming. And recruitment agencies that provide the locum sourcing services to stores are exorbitantly priced.
These problems gave rise to the idea of creating a common platform where stores and locums can interact to exchange information, confirm booking, check ratings and operate other aspects of business. Thus Gautam and Samsher founded the concept of Locumotive soon after which they submitted it to StartupStudio.Online. The idea was selected for investment and incubation which meant that an experienced team of strategists, app designers and developers dedicated time and resources for launching the only application for the locum industry in the market. StartupStudio also became the first investor in the Locumotive project in lieu of 20% equity, the investment value covered the entire cost of research, design, development and launch.
