Photo: Smart Concepts AG

A rev­o­lu­tion­ary all-in-one solu­tion for smart home concepts

The Düs­sel­dorf-based soft­ware devel­op­er Smart Con­cepts AG has suc­ceed­ed in devel­op­ing soft­ware that can com­bine con­ven­tion­al smart home com­po­nents from dif­fer­ent man­u­fac­tur­ers into one sys­tem and thus con­trol them cen­tral­ly. Exist­ing or new­ly cre­at­ed build­ings such as pri­vate homes, offices or even fac­to­ries can be equipped or con­vert­ed with smart home or smart build­ing tech­nol­o­gy. But not, as is cus­tom­ary to this day, in the use of an app or soft­ware respon­si­ble for each ele­ment, which can only be labo­ri­ous­ly com­bined and cen­tral­ly con­trolled, but by means of a rev­o­lu­tion­ary, new “all-in-one solu­tion” for smart homes or smart buildings.

Any­one who talks about smart homes, smart build­ings or smart liv­ing in gen­er­al means tech­ni­cal pro­ce­dures and sys­tems in liv­ing and work­ing rooms that can net­work and intel­li­gent­ly con­trol house­hold tech­nol­o­gy and var­i­ous house­hold appli­ances as well as elec­tron­ic com­po­nents. In the course of increas­ing sus­tain­abil­i­ty and envi­ron­men­tal aware­ness, the use of smart home tech­nol­o­gy is intend­ed to increase the liv­ing and qual­i­ty of life, safe­ty and effi­cient ener­gy use on the basis of a ful­ly auto­mat­ed, net­worked and remote­ly con­trol­lable soft­ware and hardware.

Today, for exam­ple, smart home con­cepts promise so-called “smart liv­ing”, the “smart liv­ing” based on tech­ni­cal pro­ce­dures and suit­able soft­ware solu­tions, which are sup­posed to make life eas­i­er. In addi­tion, peo­ple have changed atti­tudes towards con­sump­tion, longevi­ty and a sense of respon­si­bil­i­ty. In the course of dig­i­tal­i­sa­tion and in the inter­ests of emis­sion pro­tec­tion, hous­es, apart­ments and build­ings in pri­vate and indus­tri­al use are to be equipped with more and more smart tech­nol­o­gy in order to ensure effi­cient build­ing man­age­ment that cor­re­sponds to the zeit­geist of sus­tain­abil­i­ty, effi­cien­cy, cost and ener­gy sav­ings and envi­ron­men­tal­ly con­scious con­sump­tion. With the help of the new­ly devel­oped soft­ware of Smart Con­cepts AG, users such as archi­tects, engi­neers, installers and plan­ners save the time-con­sum­ing indi­vid­ual view­ing of many dif­fer­ent smart com­po­nents in order to com­bine them. This com­po­si­tion con­sists of doc­u­men­ta­tion, instal­la­tion instruc­tions, oper­at­ing instruc­tions, data sheets, oper­at­ing codes, etc. that are required for con­vert­ing or equip­ping build­ings to smart home tech­nol­o­gy. When used for pri­vate hous­es or apart­ments or indus­tri­al­build­ings, the soft­ware reduces the time required for instal­la­tion and appli­ca­tion, is clear­er in its han­dling and avoids the “Trial&Error” prin­ci­ple when try­ing to com­bine the dif­fer­ent com­po­nents in the con­ven­tion­al way. Chris­t­ian Wigge and the found­ing team of Smart Con­cepts AGsee the devel­op­ment of the new hard­ware and soft­ware as an impor­tant achieve­ment in the con­ver­sion of hous­es into smart build­ings: “We are tak­ing the con­ver­sion of hous­es and build­ings with smart home tech­nol­o­gy to a new level.”

The smart home mar­ket and its development

The con­nect­ed home, our smart home of the future, where as many tech­ni­cal devices as pos­si­ble are cou­pled with each oth­er and can be oper­at­ed with only one device and via one appli­ca­tion, is attract­ing more and more inter­est­ed par­ties and users. Most peo­ple already use “smart devices,” also known as gad­gets. This includes the mobile phone, the TV, or “Alexa”, Ama­zon’s voice assis­tant, which is also capa­ble of con­trol­ling oth­er smart home devices. Smart tech­nol­o­gy has sur­round­ed peo­ple for years and inter­est in it is con­stant­ly grow­ing. The younger gen­er­a­tion in par­tic­u­lar is becom­ing more and more open to tech­ni­cal devel­op­ments. Accord­ing to a sur­vey by the Ham­burg-based mar­ket research insti­tute “Splen­did Research”, 40 per­cent of Ger­mans use at least one smart home-enabled device. How­ev­er, most do not have high­er-lev­el “sys­tem log­ic”, but devices and pos­si­bil­i­ties are used arbi­trar­i­ly and inde­pen­dent­ly of each oth­er. The sales expec­ta­tions in the smart home mar­ket in the Ger­man mar­ket in 2020 were EUR 4.23 bil­lion, with a share of about 20% of home­own­ers being respon­sive or inter­est­ed in the top­ic. Experts pre­dict an increase to 7.85 bil­lion euros by 2025, which promis­es annu­al sales growth of 13.2%. All in all, it is a mar­ket with good and sta­ble growth prospects. The “Ener­gy Man­age­ment” sec­tor is con­nect­ed to just 13 mil­lion house­holds in Ger­many, with a lot of room to go.

Good oppor­tu­ni­ties for investors

The Fed­er­al Office for Eco­nom­ic Affairs and Export Con­trol( BAFA for short, sup­ports young and inno­v­a­tive com­pa­nies that deal with future tech­nolo­gies. (Exam­ple: Fed­er­al fund­ing for effi­cient build­ings.) The Düs­sel­dorf-based soft­ware devel­op­er is one of them. For this rea­son, Smart Con­cepts AG issues shares at an attrac­tive issue price to investors who par­tic­i­pate direct­ly from BAFA fund­ing. A so-called Invest pro­gramme pro­vides for a 20% grant to be grant­ed on ven­ture cap­i­tal invest­ed. Investors will there­fore receive a 20 per­cent repay­ment on a min­i­mum invest­ment of 10,000 euros. This mon­ey will not be reclaimed lat­er if it is left in the com­pa­ny for at least 3 years. An increase in the val­ue of the com­pa­ny’s shares is still tax-free on top, because BAFA reim­burs­es a pos­si­ble cap­i­tal gains tax. The com­pa­ny gen­er­ates its rev­enues from the sale and rental of its smart home tech­nol­o­gy, from the sub­se­quent acqui­si­tion of real estate that is con­vert­ed or equipped with smart home com­po­nents, and from pos­si­ble price gains result­ing from the Going Pub­lic, a stock mar­ket list­ing. Opti­mal con­di­tions to join the “Düs­sel­dor­fer Inno­v­a­tiv-Schmiede”. For more infor­ma­tion: www.smartconceptsag.de