Mashrur Nabi. Courtesy photo
Mashrur Nabi. Courtesy photo

Idea too small? Think bigger



Mashrur Nabi arrived at Startup Weekend Abu Dhabi, a business competition held last month, hopeful that its judges would spot the potential in his plan.

But on the first day of the contest he was told that his idea was too much of a niche concept to be commercially viable.

"The original idea was to do with learning and development," explains Mr Nabi, who works in the training industry and enjoys his job but has always hoped to start his own business.

"It was basically like a training platform," he adds.

However, Mr Nabi struggled to explain this idea to his mentor at Startup Weekend within 15 minutes, and he realised that he stood no chance of summing it up in front of a panel of judges in a shorter period.

Moreover, the whole point of the competition was to come up with a business idea that could be scaled up.

"I think [Mr Nabi] left that day realising that [the business concept] wasn't going to happen and it was going to be something very interesting but it was going to be much smaller," says Karim Helal, Mr Nabi's mentor, a co-founder and the chief executive of monaqasat.com, a website that helps companies with tendering.

Mr Helal urged Mr Nabi to think bigger. And he did.

Lying awake that night, Mr Nabi, 30, was struck with a different idea - one that went on to win.

Four weeks earlier, Mr Nabi's mother had suffered a stroke, so the topic of health was on his mind. "[My idea] came to me on Friday morning at 4am," says Mr Nabi. "I couldn't sleep and I was thinking and thinking."

That was when he conceived of a mobile phone application to reward healthful living.

He announced it at Startup Weekend in Abu Dhabi later that morning and subsequently worked with a team to fine-tune the idea, which functions like a customer-loyalty system.

But Mr Nabi's system, which awards points for healthy behaviour, is not just about buying food that is good for you. It also includes rewards for enjoyable but healthy activities.

"Every time you exercise and go to the gym, bowling, horse riding, you get points and then you build up enough points to redeem them at participating outlets or for… concerts [for instance]."

It is often difficult to track activities, including how frequently a person performs a certain exercise, and Mr Nabi says his system helps to keep such records.

The next step is to seek the participation of companies, which could be from almost any sector - barring those marketing products that are not wholly healthy, such as fast food.

Participating outlets could include a zoo, for instance, as people are likely to be physically active as they walk among the exhibits.

The system Mr Nabi has devised works by using black-and-white quick-response, or QR, codes that can be scanned via mobile and are released to participating outlets.

The concept is different from Foursquare or Facebook Places, which "check" people into various locations, because you do not have to be on-site to do so, Mr Nabi says.

With his system, he adds, "the participating outlets actually verify that you have done the activity or bought something and you can scan the code".

The idea has the potential to be big, says Mr Helal. "It's genius," he says. "I honestly think what he has has the potential to have as much impact as Facebook has, or Twitter has, but on the living-healthy kind of app."

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From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

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Favourite book: Harry Potter

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Company%20Profile
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Rating: 1/5

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The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

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Favourite Author: My father for sure

Favourite Artist: Damien Hurst

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