Introduction
the funding from localhost will be crucial in executing large-scale research on the health and longevity market in India. the primary challenges include participant recruitment, qualitative data collection, and establishing research partnerships. the grant will be utilized to overcome these challenges and ensure high-quality insights.
Funding allocation
Participant recruitment and incentives
- recruitment of a diverse set of participants across different demographics
- providing small incentives such as gift cards or exclusive access to report insights to increase response rates
- outreach via partnerships with companies, health organizations, and research institutions
Hiring a field researchers in India
- employing local researchers to conduct on-ground qualitative interviews
- coordinating and managing participant recruitment in key locations
- ensuring the collection of high-quality responses and data
Research partnerships and access fees
- collaborating with organizations and startups in the healthcare sector to gain access to data
- working with universities and industry experts to ensure the validity and relevance of research findings
- obtaining secondary research data from credible sources
Technology and research tools
- utilizing ai-assisted qualitative interviews to conduct and analyze responses at scale
- investing in transcription services to convert interviews into structured data
- using data analysis software for processing large volumes of survey responses
Marketing and outreach
- developing a strategy to distribute the final industry report to relevant stakeholders
- reaching out to potential buyers, startups, and investors to maximize impact
- promoting the research findings through targeted digital marketing efforts
Expected outcomes
- completion of a comprehensive industry report on health and longevity in india
- establishment of patronus labs as a credible research consultancy in the indian market
- creation of a sustainable model for conducting and monetizing large-scale research
- insights that will be valuable to startups, venture capitalists, and policymakers looking to understand market potential and consumer behavior