Submitted To : Submitted by:

Md. Hazrat Ali ABU SAHID SOHAN

Assiatant Professor ID : 2241081098
Department of Business Batch : CSE 61
Administration, Section : D
Uttara University.

Department of Computer Science and

Engineering
ASSIGNMENT
Course Title : ENTREPRENEURSHIP: INNOVATION AND COMMERCIALIZATION
Course Code : GED0413201

Topic On : New Business Idea and It’s Implementation.

The Revolutionary R-IOT Smart Wallet

I. Description
In our daily lives, we carry essential items like money, IDs, credit cards, and other
personal documents that are crucial to our identity and daily functioning. However, losing
these items — especially wallets — can be a major inconvenience, not only for financial
reasons but also for the identity theft, fraud, and time-consuming processes required to
recover or replace such valuable documents. With the R-IOT Smart Wallet, you no
longer have to worry about losing your money or important documents. This wallet offers
an intelligent fusion of security, tracking, health monitoring, and emergency assistance,
all while ensuring that your personal belongings stay protected.

II. Modern IoT Features of This Wallet :

1. Military-Grade Durability (MIL-STD-810H)

The R-IOT Smart Wallet is built to withstand the harshest environments, earning its MIL-
STD-810H military-grade certification. It’s crafted from aerospace-grade carbon fiber
and polycarbonate materials that provide outstanding durability and strength. This rugged
construction makes the wallet waterproof, dustproof, and drop-resistant, so it’s prepared
to endure the toughest conditions. Whether you're out on an adventure, caught in
unexpected weather, or simply running errands, the R-IOT Smart Wallet will maintain its
integrity, ensuring that your important documents and funds remain safe inside.
Additionally, it features a sleek leather finish, combining rugged resilience with a
luxurious aesthetic.

2. Bluetooth & GPS Tracking

Gone are the days of frantically searching for a lost wallet. With Bluetooth and GPS
integration, the R-IOT Smart Wallet ensures that you can track its exact location in real-
time using your smartphone. Whether you’ve left it behind at a café or misplaced it at
home, the wallet will be easily traceable through the companion mobile app. If the wallet
is more than a certain distance away from your phone, you’ll receive proximity alerts,
helping you to stay connected to your wallet at all times. This feature provides you with a
peace of mind, knowing that your wallet's location is always at your fingertips.

3. Anti-Theft Protection
The R-IOT Smart Wallet doesn’t just track its location — it also protects itself from theft.
Equipped with an automatic locking mechanism, the wallet instantly locks itself if it
detects tampering or theft. This anti-theft protection feature activates if someone tries to
snatch your wallet or move it from your body without your consent. Additionally, only
you can unlock the wallet through your smartphone app, ensuring that unauthorized
access is impossible. The real-time tamper alerts keep you informed instantly, and you
can quickly take action to protect your belongings. This feature is particularly valuable in
preventing theft and offering a layer of defense against pickpockets and opportunistic
criminals.

4. Smart Locking Mechanism (Fingerprint & E-Motorized Lock)

The wallet incorporates advanced biometric security through fingerprint authentication,
enabling you to unlock it with just your fingerprint. No need for pins or passwords —
your fingerprint is the key to accessing your wallet's contents. For enhanced protection,
the wallet features an e-motorized locking system that activates automatically when the
wallet enters a safe mode. This lock can only be deactivated using your fingerprint or the
mobile app, providing a high level of security that’s both convenient and efficient.

5. Portable Power Bank (4000mAh Silicone-Carbon Battery)

The R-IOT Smart Wallet features a 4000mAh silicone-carbon battery, providing you with
portable power whenever you need it. Equipped with 15W wireless charging capabilities,
the wallet can charge your smartphone, wireless earbuds, or smartwatch while you’re on
the go. Whether you’re traveling, commuting, or out for a busy day, you can rest assured
that your devices will stay charged. This feature makes the R-IOT Smart Wallet not just a
secure place for your cash and cards but also a convenient charging hub, ensuring you
never run out of battery when you need it most.

6. SOS Emergency Feature with Location Sharing

In a critical situation, the R-IOT Smart Wallet can save your life. With the SOS
emergency feature, you can trigger an immediate emergency response by pressing the
SOS button on the wallet. Upon activation, the wallet will send an emergency alert to
local authorities, including your exact GPS location. The system can also place a call to
emergency services, ensuring they know your whereabouts and that help is on the way.
This life-saving feature is especially useful in dangerous or life-threatening situations,
offering you peace of mind knowing that help is just a button away. It’s a built-in safety
net that could make all the difference in an emergency.

7. Lost Mode and Remote Locking

The Lost Mode feature is another crucial aspect of the R-IOT Smart Wallet. If the wallet
gets misplaced or lost, you can easily track its real-time location through the mobile app.
If the wallet is out of your reach or in an area where you can’t physically access it, you
can remotely lock it via the app. This prevents anyone from accessing the wallet's
contents while you recover it or wait for assistance. The combination of tracking and
remote locking ensures that your data and valuables are safe, even if your wallet is lost or
stolen.

8. Health Tracking (Pedometer & Workout Detection)

The R-IOT Smart Wallet is more than just a secure storage solution — it’s also a health
and fitness companion. Equipped with sensors that track your steps, walking distance,
and even workout activities, this wallet acts as a pedometer and health monitor, syncing
this data with the mobile app. Whether you’re walking, running, or performing your
regular workout routine, the wallet helps you keep track of your fitness goals. This
feature integrates seamlessly into your lifestyle, offering health tracking without the need
for additional gadgets like fitness bands or smartwatches.

9. Full Control via Mobile App

The R-IOT Smart Wallet operates seamlessly through its companion mobile app,
providing you with full control over the wallet's features. You can use the app to track the
wallet’s location, lock and unlock the wallet remotely, monitor battery levels, and
activate the SOS emergency feature in critical situations. The app also allows you to
adjust settings related to tracking, alert thresholds, and safety protocols, giving you a
customizable and comprehensive control panel for managing your wallet’s security,
convenience, and functionality.

10. Seamless Integration into Your Daily Life

The R-IOT Smart Wallet is designed to integrate seamlessly into your life. It is stylish,
sleek, and functional. The wallet's genuine leather finish provides an elegant touch while
the rugged military-grade materials ensure durability. It’s built to withstand the elements
without compromising on its sophisticated appearance. Its compact, minimalist design
makes it easy to carry in your pocket or bag while offering the ultimate in convenience.
Whether you’re at work, traveling, or heading out for a night on the town, the R-IOT
Smart Wallet offers advanced security and functionality in a sleek, modern form.
III. Market Effectiveness & Reach: How the R-IOT Smart Wallet
Will Make an Impact
Effectiveness in the Market

1. Target Audience: The R-IOT Smart Wallet addresses the needs of a broad
consumer base:

o Tech-savvy individuals who are looking for innovative solutions to

everyday problems.

o Travelers who need to secure their personal belongings and valuables.

o Health-conscious users who want to track their daily activity and

integrate that into their lifestyle without additional devices.

o Security-conscious consumers who want a higher level of protection for

their assets, documents, and information.

o Emergency responders and people who frequently find themselves in

high-risk situations would also find value in the SOS feature and the
wallet's automatic locking mechanism.

2. Appeal to the Growing Demand for Smart Devices: The global smart
wearable device market is projected to grow significantly in the coming years,
with an increasing demand for products that offer multi-functional uses. The R-
IOT Smart Wallet, combining security, convenience, and health tracking, taps
into this booming market by providing more than just basic functionality. It serves
as a comprehensive solution, making it a standout product in a competitive
market.

3. Unique Selling Proposition (USP): What sets the R-IOT Smart Wallet apart is
its combination of features that no other wallet in the market currently offers:

o Military-grade durability combined with a sleek, leather finish.

o The ability to act as a power bank with 15W wireless charging.

o Real-time GPS tracking and anti-theft protection.

o The inclusion of a pedometer, workout detection, and health tracking.

o The SOS emergency system that could potentially save lives.

These features make the R-IOT Smart Wallet not just a wallet but a multi-functional
device designed to improve and secure the user's lifestyle.
IV. How to Reach the Product to All People
1. Strategic Online Marketing:

o Social Media Campaigns: Utilize popular platforms like Instagram,

Facebook, TikTok, and YouTube to run targeted advertisements that
demonstrate the smart wallet's features. Showcase its innovative
technology, durability, and security features through video content and
customer testimonials.

o Influencer Marketing: Partner with tech influencers, lifestyle bloggers,

and fitness gurus who align with the product’s market. These influencers
can provide product reviews, tutorials, and showcase how the wallet
integrates into their everyday lives.

o Paid Advertising: Use Google Ads, Facebook Ads, and YouTube Ads
to target consumers interested in smart devices, security gadgets, and
wearable tech. Tailor the ads based on user demographics and interests to
maximize outreach.

2. Retail Partnerships & E-Commerce Platforms:

o Retail Presence: Initially, launching the product in major electronics and

lifestyle retail chains like Best Buy, Walmart, and Target would help
create brand awareness among the general public. Additionally, a presence
in premium retail locations (like those in Apple Stores) would reinforce
the product’s high-tech, high-quality image.

o E-Commerce Platforms: Establish partnerships with Amazon, eBay, and

other major online retailers to make the R-IOT Smart Wallet available to
global consumers. E-commerce is key to reaching a global audience,
offering convenience for those who prefer shopping from home.

o Online Marketplaces: Listing the wallet on crowdfunding platforms

like Kickstarter or Indiegogo can generate early interest and financial
backing, creating a community of backers and early adopters who help
spread the word about the product.

3. Corporate and Enterprise Sales: The R-IOT Smart Wallet can be marketed to
companies and organizations that want to provide their employees with security-
enhancing tools. For example, companies with employees traveling frequently or
those working in industries where sensitive documents are at risk (finance,
consulting, etc.) could benefit from a product that offers not just security but also
the added convenience of health tracking and remote control features.
 4. Health & Fitness Communities: Given the wallet's health-tracking capabilities,
it can also be marketed within fitness communities. Partnering with fitness
centers, wellness apps, and health trackers could help integrate the wallet into
consumers’ everyday health routines. It could be pitched as a stylish, multi-
functional alternative to traditional fitness trackers, helping users track their
steps and workouts while securing their personal information.

5. Targeting the Eco-Conscious Market: Highlight the sustainable aspects of the

wallet, such as the silicone-carbon battery, which is part of a green initiative
aimed at reducing electronic waste. Consumers today are more aware of their
environmental impact and are more likely to invest in eco-friendly tech that
supports sustainable living.

6. Customer Education and Reviews: Provide extensive educational content on the

wallet’s features, such as instructional videos, blogs, and product tutorials. This
helps customers understand how to use the wallet and its mobile app to their
advantage. Encouraging customer reviews and testimonials after their purchase
helps build trust and credibility around the product. Word of mouth will become
a powerful tool in driving sales.

7. Global Expansion and Localization: The R-IOT Smart Wallet has the
potential to reach a global market. To ensure it meets the needs of different
consumers, it should be localized for various countries. This includes offering
region-specific emergency numbers for the SOS feature, as well as language
support for the mobile app.

8. Smart Packaging and Promotions: Incorporating smart packaging with QR

codes that lead to product demo videos or the app’s download page can encourage
consumers to engage directly with the product before purchasing. Offering time-
limited promotions like discounts for early adopters or bundle offers for
purchasing multiple units will attract buyers looking for extra value.

V. Conclusion:

The R-IOT Smart Wallet is not just another wallet — it is a multi-functional, life-
enhancing product that caters to the growing needs of today’s tech-savvy, security-
conscious, and health-focused consumer. With its advanced security features, health
tracking capabilities, and life-saving SOS function, it has the potential to become a
market leader in the smart wearable tech industry.

By leveraging online marketing, retail partnerships, and global outreach strategies,

the R-IOT Smart Wallet will not only capture attention but will also establish itself as
the go-to smart wallet for a wide range of consumers. With the right strategy and focus,
the R-IOT Smart Wallet can make a profound impact, transforming the way we think
about wallets, security, and personal well-being.