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Description
Simenso EOOD is a small-scale enterprise specializing in providing professional business advisory services.
The "Test my stress" project is a cornerstone of the company''s long-term strategic vision aimed at expanding its service portfolio to offer a comprehensive approach to stress level monitoring and management. This integrated initiative seamlessly blends traditional counseling and coaching methods with state-of-the-art neurotechnology solutions. The upcoming services will primarily focus on non-invasive brain stimulation and individualized digital stress management. Market analysis underscores a significant demand for solutions addressing stress and insomnia treatment. The incorporation of stress markers, enabling stress assessment and therapy progress monitoring, will provide empirical insights into stress levels.
The innovative welfare technology solution developed in this project offers the pivotal advantage of early stress detection, significantly benefiting end-users. The strategic use of Artificial Intelligence (AI) technology alongside inventive stress marker methodologies enhances the system''s utility, rendering it user-friendly and highly functional. By analyzing amassed data, the system will proffer actionable suggestions and craft behavioral patterns.
Summary of project results
Rising Stress and Mental Health Issues: The project aimed to address the increasing stress levels and mental health challenges, particularly in the workplace, exacerbated by factors like workload, high demands, and the COVID-19 pandemic. This includes both physical and emotional stress, with a special focus on senior employees.
Lack of Effective Stress Monitoring Tools: Despite the growing need for solutions to monitor and manage stress, the market lacked reliable, scientifically proven tools for stress and insomnia treatment, particularly ones that are non-invasive and easily accessible.
Need for Early Stress Detection: The project sought to provide an innovative solution for early stress detection, which could significantly impact the lives of those at risk of stress-related illnesses, thus enabling more effective management and prevention.
Development of Stress Markers and Methodology:
- Research and development focused on identifying psycho-physiological markers of stress such as hair cortisol and heart rate variability (HRV), which help in assessing the physiological impacts of stress.
- Testing and validation of these markers to create a comprehensive methodology for monitoring stress levels.
AI-Powered Digital Platform:
- Developed an AI-based digital platform for analyzing stress markers and offering customized stress management strategies. This platform would enable users to receive actionable recommendations based on their stress levels.
Service Testing and Market Validation:
- Conducted tests and gathered feedback from potential users, ensuring that the developed service addressed their needs effectively. The goal was to prove the utility of the system for stress management in both B2B (business) and B2C (individual) markets.
Creation of New Jobs:
- The project aimed to create at least 5 new jobs as a result of the service development and market expansion.
Expected Outcomes:
- Increased Revenue: The company expected a 30% increase in turnover and a 20% increase in operational profit by 2023 compared to the baseline year (2021).
- Technological Innovation: Development of the “Test my Stress” platform, a new solution for measuring and monitoring stress levels.
- Job Creation: At least 5 new jobs in the process of expanding the service offerings.
Financial Support and Grants:
- The project received a grant of EUR 68,100, with additional co-financing arranged through a loan and bank guarantee from Sofia Tech Park, ensuring the financial feasibility of the project.
This project successfully combined psychological methodologies with technological advancements to provide a comprehensive solution for stress management, aimed at improving the quality of life for individuals and creating a competitive advantage for the company in the wellness technology sector.
This project successfully combined psychological methodologies with technological advancements to provide a comprehensive solution for stress management, aimed at improving the quality of life for individuals and creating a competitive advantage for the company in the wellness technology sector.
As a result of the service development and market expansion 5 new jobs have been created.
The company is expecting a 30% increase in turnover and a 20% increase in operational profit by 2025.