24A – Venture Concept No. 1

Opportunity:

• There are many students and faculty that need to either go to work or class. But, there are not as many spots as there are people who need them. So there is a deficit and therefore, a need for my app to allow people to see how many, if at all, spots are available to park. 
• UF students and faculty who need to take their car to park before or after hours are the people I need and they need to try to park at the garage
• Currently, students and faculty just go round and round the garages wasting time to park if the garage is full. They are loyal to it now cause it is free and there is no other way to find a spot.
• This opportunity is big because no one else has done anything like this for UF.
• The "window of opportunity" will be open until someone comes up with a system to find parking spots other than circling around the garage.

Innovation:

• This invention is an app that allows the users to see what spots are available and in what decal sections of the garage are available  too before they spend their precious time and gas on looking for a spot. I would make a profit from it with sponsors or doing ads as well through the app. The app itself would be free to users. Basically there needs to be a system where I can get accurate readings of how many spots are in the garage. There can either be a system installed the garage itself like how they do down in South Florida and other garages that lets the user know with either a red or green light atop of the spot. Then that will update the app for users to know accurately. 

Venture Concept:

• People would switch over to this free app because it can only benefit their time, and they will lose nothing from just downloading it and using it when need be. It will not be hard at all. 
• Competitors are those who do not know this app, as far as I know, there are no other forms of ways to make parking easier on campus, so the only competitor are those who do not know about the app. 
• Having this app free is very important, since our main target are UF students and they want free apps. 
• For starters, I would only have a group of maybe 5 people to do it. When the app gets bigger and maybe I can expand to other universities or even bigger cities I would hire more people. There would be a programmer and designer of the app and then those who advocate for the app and those that help to see any flaws in the app.

Three Minor Elements:

• The most important resource would be how to code and design the app. If there is no app, then the whole idea is useless. So my knowledge would be the most unfair advantage. 
• Next opportunity would to go to other universities and do the same thing. 
• In five years, I would like to have done at least 2 other schools and help them out as well with parking.