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PHYSICAL: AI driven software automates repetitive editing tasks in video and audio with speech - SPRINGBOARD®

  • 13 Dec 2022
  • 14:00 - 17:00
  • Vækstfonden, kl 14:00 til 17:00 pa Strandvejen 104, 2900 Hellerup
  • 14

Registration

  • Signup deadline: 6. december.
  • Signup deadline: 6. december.
Registration is closed


Introduction to SPRINGBOARD®

The company has launched a solution which uses AI technology to eliminate repetitive editing tasks in video and audio with speech – automatically. It is the simplest audio and video program for amateurs, professionals, and organizations working with video and audio editing.


Questions for sparring

  1. 1. How to achieve product-market-fit – discussions to focus on building strong customer relations, which customers to focus on, etc.?
  2. 2. How to scale – internationalization vs. new customer segments?
  3. 3. How to raise app. DKK 1.5 million – discussions to focus on how to establish an intriguing business case, KPI’s, relevant investors, etc.?


Industry: Movies, sound, book, and music releases (digital content production)

Development stage: Proof-of-Concept

Region: Copenhagen

Competencies required:

  • Business Development
  • Internationalisation
  • Financing & investments
  • Business models
  • Investor Pitch
  • Sales


This SPRINGBOARD® will be held in Danish

The problem

1 minute of finished video can take up to 120 minutes to edit, and repetitive tasks make up around 70% of the edit.


The solution

User tests have shown the company’s solution saves editors up to 70% of their total editing time. Saving an editor roughly 620 hours a year, or about €22.000.


The secret sauce

  • • Speech enhancement & noise reduction algorithm
  • • Speech to text algorithm
  • • Error detection algorithm


Pricing model

  • • Personal – DKK 199 per month (1 user, 1 hour upload)
  • • Advanced – DKK 449 per month (2 users, 3 hours upload)
  • • Pro – DKK 599 per month (2 users, 5 hours upload)
  • • Enterprise – to be decided


Competitors

Recut, Descript, Davinci Resolve, Finale Cut and Premiere Pro, among others.


The team

A – Co-Founder (BSc. in Marketing and Business), worked as s project- and marketing manager with focus on content production.

B – Co-Founder (BSc. in Law, MSc. in International Business MSc. in Business Analytics), worked for Google in Silicon Valley and as a management consultant.

C – Developer (BSc. in Web Development), Worked as a self-employed web and front-end developer for several years.


Status

2 customers, 47 downloads, 37 active users and a cold canvas success rate of 87%.

CONNECT Denmark — Bryghuspladsen 8, 3. sal, 1473 København K — Telefon: +45 27 28 17 86 — E-mail: connect@connectdenmark.com — Sociale platforme:
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