AI and crowdfunding: Inspiring success stories
We’ve already discussed how crowdfunding can make it possible for unique projects to see the light of day without having to struggle to get funding through traditional methods. These five exciting projects are some examples of AI devices with an ethical bent that are helping to revolutionize the user experience in everything from agriculture to healthcare. Just imagine the possibilities when we launch our platform that will specialize in bringing AI and crowdfunding together!
Small Robot Company: Environmentally friendly robots for the agriculture industry
The Small Robot Company is an agri-tech start-up that has developed small robots with the aim of replacing energy-guzzling tractors in the arable farming world. They claim their technology can reduce chemicals and carbon emissions by as much as 95% and minimize human impact on the local wildlife, all while helping stimulate the agriculture industry by reducing costs for farmers.
Agriculture is currently one of the world’s biggest pollutants. Instead of spraying the whole field with chemicals as farmers are forced to do today, these small AI-powered robots enable farmers to treat each crop according to its individual needs. A new robot is also being designed that will improve the planting process, reducing soil run-off and water pollution. The robots also provide a “profit map” with data that indicates where to plant crops for maximum profitability. The company used Indiegogo to get money from crowdfunding and had raised GBP 50,141 as of July 2018.
Empowered Brain: Augmented Reality Glasses for Autism
This intriguing AI project empowers people with autism to train themselves to recognize social cues and practical life skills such as language, empathy, eye contact, conversation skills and self-confidence. The app works with Google Glass, using cues such as emojis next to a person’s face to help the wearer better understand the world around them.
The developers claim that just half an hour of training (in the form of fun “games”) every day can help users significantly improve their social interactions and lessen isolation. The app also provides data to help parents and therapists monitor the user’s stress and anxiety levels. Empowered Brain has partnered with Harvard, MIT, Google and Amazon and has a host of successful clinical trials under its belt, including one on tolerability and another on symptom reduction. The Indiegogo crowdfunding campaign closed in January 2018, having raised USD 246,001 – 1244% of its target.
SpeakSee: Real-time transcription for the deaf and hard-of-hearing
SpeakSee is a Dutch start-up that transcribes conversations in real time for over 120 languages and variants. It’s extremely useful for the deaf, hard-of-hearing or anybody who needs to transcribe speech in real time – for example, during a meeting.
The AI technology is capable of recognizing different speakers and is equipped with clever algorithms that help filter out background noise. This is a vast improvement on hearing aids, which are often unfeasible in group conversations or noisy backgrounds. The company surpassed its funding goals and had raised USD 160,438 through Indiegogo by July 2018.
Unyte: VR guided meditation for the modern day
Unyte is a particularly exciting endeavour in a modern world where stress is one of the most pressing social ills. This IoT device monitors your heart rate and sends the data to your phone, which will select the most appropriate interactive meditation experience for you and provide live biofeedback.
Using guided meditation in several dozen immersive virtual reality settings that range from a relaxing beach to a mountainside meditation room, the developers hope to bring the benefits of meditation and mindfulness to people who have had trouble adopting the mindfulness movement. The project has raised over USD 200,000 through crowdfunding on Kickstarter and Indiegogo.
Sensoria: AI-powered sportswear for safe training sessions
Sensoria sportswear uses AI to monitor vital symptoms while athletes are training. Focusing on sudden cardiac arrests, which are especially dangerous for athletes training in remote locations, Sensoria uses their Heart Sentinel algorithm to detect cardiac irregularities, calling for help from pre-programmed emergency contacts if needed and providing GPS coordinates.
Sensoria started out with sports bras and shirts and has now expanded into smart running shoes. Aside from monitoring heart symptoms, the sportswear helps improve jogging form and performance and reduces the risk of injury. As an added bonus, the garments are easy to wash and come with a built-in AI-powered personal trainer named Mara. The company has raised over USD 30,000 on Kickstarter and Indiegogo.