DINUBE: Mobile-enabled cloud transactions

The DINUBE team has been named runner-up of the MIT 100K Competition in the Mobile track, thus finishing among the best 10 teams in the prestigious competition. In the 13 weeks we have been closely working with the idea, we have already received several accolades and continue to attract interest and foster enthusiasm within the development and investment communities, and in the industry.

With renewed energies, we look forward to a successful Nextlab event next Thursday and to growing our company throughout the summer and into next year.

Congratulations team!

We were just named semifinalists for the 2009 Dell Social Innovation Competition (Congratulations to the other NextLab teams that made it to the semifinals as well!) It is good to have some more validation that we are on the right track, but we still need to work through the issues and undestand how our product will fit in the daily lives of the people and the merchants.

We had a very productive and encouraging talk with our advisors today, and we got a couple of ideas on how to better refine our business model. We also our first purely technical presentation in class today. We hope to get more valuable feedback from other teams on the same. For now, exploring some of the SMS gatweay options that other teams presented seems like a good idea, especially since we may need to choose a different SMS gateway when we move to a production version in the Mexican market. All of these will be very useful as we adapt our executive summary for the IDEAS competition (deadline: March, 15).