Summary Scanner

Sponsored Content with: BDC

​If there’s one thing that people are almost universally lacking these days, it’s time. There never seems to be enough moments in the day to get everything done. That sinking feeling is only exacerbated when you find yourself facing heaps of documents to pore over within a very short time frame.

Summary Scanner is a new app that is not only a time-saver but also a game-changer. It allows you to automatically summarize any document in seconds without missing out on any vital information.

It’s described as the most powerful mobile scanner for office, business, and personal use in the world. It can cut down reading time by 80 percent, summarizing a text’s key points-turning that mountain of documents into an easily conquerable task. The company’s slogan sums it up: Read less, do more.

A young Toronto entrepreneur and university student named Kevin Chau developed the app, which allows users to obtain comprehensive summaries of physical books, articles, and any other forms of text simply by uploading or taking a picture on their device. It’s been called “SparkNotes for everything”.

Summary Scanner’s market potential is huge. Chau’s appearance on Dragons’ Den proved it: he was the first entrepreneur in the show’s history to make a deal with six Dragons.

“Kevin had all the right ingredients to make this deal happen,” says Jasmin Ganie-Hobbs, Business Development Bank of Canada Senior Development Banker in the Technology Industry. “An innovative product met with a widely relatable problem: This kind of market disruption was bound for success.”

Chau went into the Den with some impressive momentum: at the time, the app had been downloaded 70,000 times, and he had secured two government grants. Start-up financing in the form of small business loans and investing in savvy sales and marketing are just some of the components involved in a successful launch.

“Having a concept is just the beginning,” Ganie-Hobbs says. “Developing and actually bringing it to market is a true sign of perseverance.”

Contributing to Chau’s success on the show was his personal appeal. And to drive home just how user-friendly and useful his app is, he had Joe “read” from one of Jim’s books.

“Oftentimes we hear the Dragons say they invest in people, not just ideas,” Ganie-Hobbs says. “Kevin is a perfect example of the Dragons’ favorite brand of entrepreneur.

“What was most impressive was his ability to engage the Dragons directly,” she adds. “When pitching a business, I believe all entrepreneurs should find some kind of catchy and engaging angle that appeals to their potential investors.”

The way Ganie-Hobbs sees things, the Dragons made a very wise decision in backing Summary Scanner. And chances are we haven’t heard the last of Chau.

“I’ve worked with many sharp tech CEOs and I’d bet that this young man will develop into a tech mogul by the time he’s 30,” she notes, “and that this company will be bought up by a big player in no time.”

This is paid content provided by or produced on behalf of BDC.

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