EAE News
"Lock N Roll is a digital storeroom that you can take anywhere with you"
24 de September de 2018
Fabian Barrero, Fernando Gil and Karla Reyner, the brains behind Lock N Roll, have been selected for the second edition of EAE LAB, the entrepreneurship business incubator for the School's students.
After the great success of the first edition, EAE Business School is reaffirming its commitment to entrepreneurship with the second edition of EAE LAB, the business incubator that enhances the development of business ventures headed by the School's students. The final objective of this mentoring, guidance and training initiative is to put entrepreneurs into contact with investors and Business Angels.
Passion, motivation and values are key characteristics of these entrepreneurs on the International MBA who have created Lock N Roll, an on-demand storage service model for renting storerooms that connect two types of users and manages their interaction.
What do you think of activities like EAE LAB in which the School helps and enhances the talent of its students most interested in business entrepreneurship?
It is fantastic that the School offers this kind of activities. Lots of great entrepreneurs and visionaries pass through these classrooms and also have enough talent to do brilliant things. The problem is that, often, this platform does not exist, and they don't have the resources to achieve their goals. By creating this type of activities, EAE is supporting entrepreneurship and the use of new technologies, as well as encouraging future entrepreneurs to believe in their projects and think of alternatives for their future.
Has it been hard to get to this point? Has you received essential support for the development of the Lock N Roll from a lecturer or classmate?
"Right from the start of the Master, I was lucky enough to have classmates with the same drive to develop a startup" explained Fabian Barrero, adding that, "through the program, we got good feedback from our classmates, lecturers and friends. This drove us to work intensively on developing the initial idea and the business model that we have reached and which we presented to EAE LAB. After that, we went through all the filters and we were selected for this incubation process".
Did you have a project that was already developed or did you create Lock N Roll expressly for EAE LAB?
We already had a project that we had developed over the course of our Master and which we had spent a lot of time on. Right from the start, we had the motivation to take part in EAE LAB if we put forward our model.
What does the Lock N Roll project entail?
Lock N Roll is an on-demand storage and rental platform that manages all the intermediate processes that usually cost users time and resources on processes that don't require their interaction. Basically, we are a digital storeroom that you can take anywhere with you. A comprehensive solution that not only resolves a problem but also generates revenue for users who want to rent their things.
Who are the members of the Lock N Roll team?
The Lock N Roll team is made up of Fabian Barrero, Fernando Gil and Karla Reyner, students on the International MBA and a group of friends who share the same vision and a passion for doing great things. Our main motivation is offering people a really useful service that helps to generate sharing economies, as well as promoting concepts such as circular economies and the democratization of goods.
In your opinion, why has Lock N Roll been selected for EAE LAB?
Primarily, because of the innovation in the business model that we are proposing, but also because of the team behind it. We are three people of different nationalities and backgrounds. Moreover, we have experience in the corporate world and startups. All three of us have been involved in developing companies in new territories and different activities in the world of entrepreneurship.
EAE LAB accompanies the development of each entrepreneurial venture for six months. How do you expect Lock N Roll to evolve with the support of this team of mentors and experts over the period?
We hope that, with lots of hard work on our part and the experience of the mentors, we will be able to achieve an MVP as soon as possible and then start to validate our business model with real users. Only good things can come from this combination and, as Fabian Barrero concludes, "I am sure that we are going to embark on a continuous learning process that will be a great help for developing our startup".