CPR: Competency Practice Record for Nurses

I agree with everyone who has stated that the acronym of CPR (your pitch) would be very confusing for people who use CPR (to keep people alive). As far as an investor goes, I want to see this system work with different markets other than nursing before I consider investing.

Susan, in your elevator pitch you use animation very effectively to illustrate what your product is and does. You identify the problem and state how CPR is the solution. Your venture idea is solid and I think has definite market appeal. I appreciate your use of humour by including Dame Edna as part of your team. You make good use of graphics to illustrate competition comparisons. Although you include information about a development plan, I found your plan to be some what too general and as an investor I would have liked more details. Also, as an investor I'm less keen when I find out that I will have to wait at least three years before I see a return on my money. Your experience in the nursing field does adds credibility to CPR as a service. As someone previously mentioned, a website would be perhaps a better suited for a venture pitch vs ppt, and definitely worth consideration as a format to "showcase" your product (if you decide to move forward with your idea) in addition to providing a venture pitch to potential investors. I think your idea CPR has a lot of potential. As an investor however, I would need more details regarding your development plan before investing.

FEEDBACK: I enjoyed your pitch and layout of your powerpoint presentation. Maybe it was just on my screen, but it This product would be a great tool for a number of professionals. I'm a coach and I can see how this could work for stats, registrations, insurance documents, health documents, etc. I'm not going to lie, especially when dealing with health professionals, the CPR name might get a little confusing (Cardiopulmonary Resuscitation or Competency Practice Record). Also, how much will you charge for the app? I noticed that you've filled out the cost and accessibility for your competitors, but not for CPR. I like how you've included how you plan to acquire customers and your three year strategy. Overall, I would invest in your app, as long as I could adapt it to a coaching tool like I would need.

FEEDBACK: I have 3 people in my family who work in the nursing profession in various roles. I mentioned it to my sister and she definitely thinks your product has a valuable approach that would help her organize tracking of her own documentation that should could trace on her own device. So you have found yourself a product that has definite potential use. Additionally, this app could have potential in other market sectors that have similar guidelines such as Lifeguards, Swim Instructors, Fitness teachers, and Fire Firefighters. Essentially any type of teacher or career that includes safely training includes licensing requirements to remain certified providing a greater consumer audience.

Feedback: I like the idea Susan. Given that you know and work in this industry you have clearly identified a need that you probably know well. I believe your app / software definitely has potential, especially if it is in line with an institution like the Colleges of Nurses. Like many of the comments below have also noted, I think this app can have a much larger potential target market given its uses. For example why not the BC college of teachers, lawyers, etc. In essence it could be a tool for industry professionals of both trade and academia.

Review - There are several things that I like about this concept. You’ll have to excuse my ignorance of some of the comments below. Not knowing the reporting structure there may be irrelevancies. The Strengths: Your problem is clearly identified and I think that there are many that could use this type of system to track requirements for credentialing. It seems like you have the right team to pull this off, although Dame Edna may get sidetracked. The concept has the potential to reach beyond nursing though. There are a lot of organizations that offer credentialing that require continuing professional development. This type of mobile app could be definitely useful. The Weaknesses: I’m not sure what the revenue model is here. Are they individual subscriptions or are you working with the organizations the nurses report to? I was a little disappointed that cpr.ca is not your website. I thought there might be something else there. Although, I think the solution is interesting I don’t know how many individual users you will attract. Is this really easier than just making a file? Will organizations accept records submitted through the app? I see the potential, but I’m not sure about investing. We’ll have to chat over an imaginary coffee about my imaginary dollars.

Hi Susan, I also really like the idea that you have. It could also be extended to paramedics and EMT's as the amount of professional development they need to complete is increasing as well. I feel that your product has potential and think that your goal of $200,000 is a the right amount to get it off the ground. Besides the reservations that the others have stated, I would be tempted to invest, but would need to research it more before investing that large of an amount.

Wow, I had no idea about the amount of paperwork nurses have to do! I like the idea that it can all be centralized on mobile devices. However, I am one of those people who will say "what if it fails" and you lose everything? Is everything backed up? As a small critique, GoAnimate might not be the best tool to use for elevator pitches - especially the computer-generated voice. I would like to hear you and your enthusiasm for your product.

Review - Susan, you have found a solution to a real problem that many face in terms of tracking, documenting and reminding to update competencies in one's field. This is true for employees in many sectors of employment. This type of tool would also work really well for employees in the trades sector who develop competencies through post-secondary training and apprenticeship hours. Safety training certification is also required so having an online tool to help record competencies is very useful. I felt your venture was strong in terms of outlining a competent team to support the venture, addressing a gap in the current market of such tools, and selling the product as something that could generate income. Your product name cleverly links to health care and an essential life support, as this tool is targeting nurses, however it does imply that your tool is related to the heart/breathing. Maybe you could mix up the letters and create a word that relates to developing competencies such as PRaCtice (just an idea…) Well done!

CRITIQUE: Nice idea for a venture Susan! I too focused my venture looking at Canadian focused software. Your venture has a firm foundation of what is needed in the world of Canadian nursing. Looking at the way things are conducted at hospitals and in clinics, we are slowly moving forward to a more digitized system, however we are still lagging and could clearly use a revamp or a system such as your venture to bridge some of the current gaps and create a more seamless system for health care professionals. In terms of your venture itself, it seems that I have some of the same concerns as some that have reviewed your work already. First of all, I think that the acronym CPR is problematic as it is already an acronym currently used in the world of health care. Although it is cleaver and catchy (and in some instances could be extended as a metaphor for a nurses life line when looking at their documentation and professional development) I believe that it would be more troublesome than necessary. In addition, I did have a bit of difficulty, as the formatting did not download properly when I opened your venture pitch. I believe that these two points take away from your exceptional venture to revolutionize nursing in Canada. Some questions that I was left with were tied to looking at other countries as examples. Are there any other areas using similar software? What was the ask for the start up? Could there be direct funding from the government to support such a venture? What is the privacy concerns when looking at having patient information on a mobile device/cloud or is this already being done? I sympathize with your discovery on Powtoon when trying to download. I had my students complete a video at the beginning of the year using Powtoon and we were disappointed that it was not until the absolute last step that it is apparent that you may not download without purchasing.