Professional Documents
Culture Documents
Man Than
Man Than
Man Than
2024
Pitch Deck
RENTELECT
Table of Contents
01 Introduction
02 Team
03 Problem Statement
04 Innovation
05 Product & Company Strength Solution
06 Market Landscape
07 Business Model & Strategy
08 Budget
09 Customer Segment / Competition
10 Project Milestone
11 Socio-Economic Impact
Business Idea
"Step into the future hassle-free: rent electronic
components with no cost, no hassle, and no
About
journey required!" RentElect
Mission RentElect is the ultimate solution for students
seeking electronic components. Our online
platform provides easy access to our extensive
Our mission is to provide aspiring students in
repositories, allowing hassle-free renting and
various educational Institutions a hassle-free
providing valuable educational resources for
process for electronic component acquisition.
each component. With RentElect, students can
01 Introduction
Meet our Team
Lt. Rohini
Adithyakarthik M M Harshith Thrimurthy
FOUNDER FOUNDER MENTOR
Team Lead Operations Lead Asst. Professor, BNMIT
2nd Year, dept. AIML, BNMIT 2nd Year, dept. AIML, BNMIT
02 Team
03 Problem Statement
What are we trying
to solve?
Students passionate about hobby electronics often find
themselves traveling long distances to acquire electronic
components. This journey entails significant capital
expenditure and the risk of wasting components after a
single use.
Why is it important
to solve?
Why now? Solving this problem is crucial because it not only saves
students valuable time and resources but also eliminates
Solving this problem now barriers to their exploration and experimentation in the
streamlines access to electronics, field of electronics. By providing a convenient solution for
saving time and resources for accessing electronic components without the need for
students eager to innovate. extensive travel and financial investment, we empower
students to pursue their interests more efficiently and
effectively.
INNOVATION
Cheap rental services in campus employing a near
autonomous rental system, and an extensive
educational guide repository to help all students with
their respective requirements.
04 Innovation
Readiness Level & Current Status
The following is our idea’s readiness levels
Ideation / Wireframe Design / Idea
Validation
Our Idea is currently in the Wireframe
Design Process.
06 Market Landscape
Business
Model
Value Proposition:
Offering a convenient and cost-effective solution for college students to access IoT electronic
parts on a rental basis, reducing the upfront cost of purchasing and providing flexibility for
different project durations.
Target Customer:
College students engaged in IoT passion projects or coursework, seeking affordable access to
electronic components without the burden of ownership.
Key Activities:
Sourcing and Inventory Management: Procuring IoT electronic parts from students,
wholesalers, and manufacturers to maintain a diverse and sufficient inventory.
Documentation and Packaging: Creating comprehensive documentation and packaging for each
part, ensuring ease of use and understanding for students.
Rental Management: Managing the rental process, including scheduling, payments, and returns,
to ensure a seamless experience for students.
Business
Model
Key Resources:
Inventory: Maintaining a diverse and up-to-date inventory of IoT electronic parts to meet the varying
needs of students.
Technology Platform: Developing and maintaining an efficient and user-friendly platform for inventory
management, rental transactions, and customer interactions.
Key Partnerships:
Students and Wholesalers: Collaborating with students and wholesalers to source IoT electronic parts
and expand the inventory.
Colleges and Universities: Partnering with educational institutions to establish local inventory hubs on
campus for ease of accessibility to students.
Business
Model
Cost Structure:
Inventory Costs: Initial Acquisition of IoT electronic parts from students, wholesalers, and manufacturers, along
with storage and maintenance expenses.
Technology Costs: Investing in the development and maintenance of the online platform for rental management
and customer interactions.
Operational Costs: Covering expenses related to documentation, packaging, customer support, and marketing
efforts to promote the service.
Channels:
Online Platform: Utilizing a dedicated website or mobile app as the primary channel for student interactions,
rentals, and membership sign-ups.
Campus Presence: Establishing physical presence or partnerships with colleges and universities to promote the
service and facilitate rentals through on-campus hubs.
08 Budget
Budget
Cost
Rental Fees
Charging rental fees based on the
duration and cost of the borrowed
parts, generating revenue with
each rental transaction.
09 Customer Segment / Competition
Competition
15/05/2024 22/07/2024
RentElect offers the solution to this by a simple, time tested method of renting out parts to the students in
campus. This not only prevents the students from permanently procuring parts but also helps them in
managing their time and money. In addition to this, since the reuse of parts is promoted there is little to no
wastage happening in doing so. Thus eliminating the entire problem as a whole.
11 Socio-Economic Impact
Thank you!