Technology blueprint: Octodry

Octodry is a smart, innovative drying appliance designed to address the issues faced by those who stay in small living places and areas with variable weather. The appliance is a hybrid of standing fan and drying rack, which is an easy indoor drying option. Being compact in size, Octodry is an ideal solution for working individuals, students, and small family households who live in apartment or shared living conditions. The product contains smart technology, including an auto-detach feature and rechargeable power system. An LCD screen as well as a remote control to make life easier through control of settings without having to stand up. Octodry is made of ABS plastic as well as aluminium alloy and thus is light, tough, and rust-resistant, guaranteeing it will last for years in any household. Yet to be in the prototype phase, Octodry is currently being tested for user-friendliness and is to be manufactured in minimal quantities. A market survey has also been carried out by the team, receiving good revies to further refine the product prior to large-scale production. With expected increase in sales and competitive pricing, Octodry is poised for wide acceptance in the marketplace, with 5000 units for the first year and 10000 units in the third year. Octodry’s funding plan will be a combination of management equity capital and bank loans to cover the initial patforms and influencer partnerships for promotional purposes and sales. Overall, Octodry addresses the home problem of drying indoors in an efficient, cost effective, and space-saving, and it is a likely addition to the growing roster og intelligent home devices.