TEQMINE ANALYTICS LTD

Educate about technology and business by allowing instant access to an Artificial Intelligence embodying the collective creative mind of humanity.

Inventors and entrepreurs have highly unequal access to competitive technological intelligence, and thereby different chances of building new products and firms, as well as contributing to the build-up of their communities.

The degree of inequality is shaped by how much money you have, the country you live in, the stage of career, small or big company, what position in the company, how good you're in searching information, to name a new.

TEQMINE AI is designed for people who need competitive technological intelligence, but don't have access or experience with expert driven, high-cost- patent search tools.

Intuitive and easy to use, TEQMINE's Patent Similarity is for people who experience the traditional way of searching patents and technology intelligence difficult and costly. It is designed to support operative R&D decision making in for people from all walks of life: Independent inventors with an idea, students, startups, professional researchers, and large firm R&D departments.

Leading technology intelligence companies are globally operating firms: RELX Group, RWS Group, Clarivatis, Questel, Patsnap.

These companies operate under the old paradigm of 'professional patent search' powered by traditional indexed patent databases.

We counter them by frontier Artificial Intelligence, for example, by being the first and only company offering an AI trained with over 16 million full-text patents, and by targeting user-groups that need AI's help to carry out professional-grade patent and technology searches.

We created a very complicated AI model and engineered it's response time to be very fast. The UI/UX of our Patent Similarity SaaS has been designed to be easy to use, and its back-end to support scalability to the extreme. With our current solution, we can simply add new servers as mirroring servers and thereby add limitless new users as long as we have working 'load balancer' to optimize user traffic to different servers. We have everything planned and implemented for fast growth!

Our main metrics are: (1). User satisfaction and feed-back (2) Number of User & Usage (3) Revenue.

We believe in providing a unique product that empowers people with little experience in professional patent search to develop their ideas further, and to communicate their ideas better in order to receive support.

TEQMINE's vision is to radically expand global access to advanced competitive patent intelligence to support inventive and business activity across the world, and thereby foster global creativity across all technological domains. We believe that democratization of scientific and technological innovation is critical to address world's pressing problems, and want to introduce concrete tools to support aspiring inventors and entrepreneurs. Therefore we have developed and launched the Patent Similarity SaaS.

The main problem of receiving quality advice for the evaluation and development of inventive ideas is access to professional services or the capacity to use professional-grade intelligence search engines. We counter these problems by providing digital solutions that are accessible from anywhere, and by creating easy-to-use AI solutions empowering people to act as experts.

Inventors and other creative minds are the main beneficiaries of our solutions, as they gain more direct access to information and analytics to make decisions about how to best develop their ideas. When inventors work outside large, professionally organized R&D organizations, the benefits are larger.

We have provided campus wide access to several universities in Finland, among others, the University of Turku and VTT Technical Research Centre of Finland. We've also provides a solution for the Finnish Patent Office, and several large Finnish firms, and have received feedback verifying our thesis about the need of people for easy-to-use patent and technology intelligence tool.

Patent Similarity SaaS was launched by the end of 2017, and we're currently serving almost 15 large organizations with floating licences, offering unlimited access to almost 100 000 people.

TEQMINE was founded by Hannes Toivanen & Arho Suominen, and co-founded by Phesto Mwakyusa and Reijo Kohonen. Toivanen works as the CEO, and Mwakyusa as the COO of the company. Suominen and Kohonen continue to work closely with the company, but not on full-time basis.

We seek to work with partners through which we can reach large audiences, and provide typically blanket licenses for our complete universities or firms. We look to reach new partners that would allow us to extend our services to under-served, yet entrepreneurially, technologically and scientifically potential regions across the world.

Allowing access and use of our solutions is relatively easy, as our existing infrastructure and technology permits very high levels of scalability.

TEQMINE is a start-up with a Software-as-a-Service business model, and our strategy is to cater to under-served client segments, within existing large companies, universities, but also to look (with the help of partners) for possibilities to reach under-served regions and client-groups outside our current business operations.

We would like to use Solve's support to explore innovative partnerships with organizations that could extend blanket access to our services. Such organizations could be, for example, large national universities in developing countries (e.g. South Africa and elsewhere Africa, Asia and Latin America), or to foster collaboration with NGO's or established development organizations.

We would also use some of the money to redefine our current user-management system to trigger specific blanket-access options going beyond the now supported Federated Authentication to include, e.g. IP-based regional access to our system.

We're a startup with little revenues but passion and skills. Our main obstacle is awareness problem, as many people are not ready to think that AI can help them to be smarter in terms of technological creativity and intelligence, but once they recognize this and the use our products, things go better.

We have so many risk and possibilities to fail, but we have a vision, proven concepts with some of the world's leading technology organization already using our solutions, that with hard work we will make things happen.