THE MODEL: A
smart door lock which can be easily installed and managed through Bluetooth and
an app as well. The lock opens when your Bluetooth phone comes in close
contact. Alternatively a Nuki keychain FOB is also provided in case you do not
have a smartphone (mainly for children).
STARTUP: Nuki
(Austrian startup)
WHAT I LIKE
Core Idea – An
IoT startup offering a smart door lock for better convenience and security.
Product Features –
The door lock has some amazing features – easy installation on all types of
doors, managed using an app configured through Bluetooth, a keychain Bluetooth device
for children, security control using the app, a Nuki bridge device to control
the lock using wifi, encryption to enhance safety, an API which can be added to
your home security system etc. It genuinely is the ‘Door Lock of the Future’.
CONCERNS
Expanding outside Europe –
Since the lock profiles change in different parts of the world, the startup
will need to study and design based on which geography it wishes to enter.
Competition - Big companies selling electronics have also entered this space and will pose a threat to the startup.
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