You have been looking at this empty store on your street for weeks and dreaming that a bakery opened there so you could get your daily fresh baguette… what if you could turn your dream into reality? Potloc might be the new innovation to help you do this, in Montreal and throughout the world!
It all started when Rodolphe Barrere and Louis Delaoustre, two French buddies studying at HEC Montréal walked in their neighborhood (the not so original but oh so picturesque Plateau Mont Royal) and started betting how long a new shop would last in that street and how long before they would go under bankruptcy and they were usually not wrong.
They had pinpointed the problem: desertification of retail. Now, they wondered how they could find a solution.
Tackling a concrete problem
Rodolphe and Louis started questioning people in the streets of Plateau Mont Royal about the kind of businesses they would like to see in their district and progressively, in a year, they collected 5000 answers throughout the city. This was a unique bundle of qualified information. They had created a local collective intelligence.
The social innovation orientation of the startup was clear from the beginning – using crowdsourcing to create smart neighborhoods and involving citizens in the selection of retailers – but it also had to become profit-driven.
Finding a business solution
Now that they knew what the community needs were, they had to find the right entrepreneurs to answer these needs and this is how Potloc became a unique B2B tool for retailers to find the ideal location for their business. In other words, Potloc is selling location-based data and exclusive market research. Using social media, the team mobilizes residents of a specific district to vote on which stores they would like to see open. Through a home-made algorithm, the team is able to understand customer intents and to analyse the positive feeling under comments.
Growing by expanding throughout the world
“We offer services worldwide – although I have never been to Chicago, I can help a client find out if opening a sauna in a specific street is worthy or not. It works just like Airbnb”
If Rodolphe does not need to live in Chicago to offer services there, the company has already grown by opening a second office in Lille, in the north of France. The city was chosen instead of Paris because it is the capital of retail, where most clients are and in the future, Potloc is planning on opening offices in Toronto and in the US.
What Potloc is now doing is very simple: it serves as an intermediary between citizens, retailers and property developers. Revitalizing local retail is a real problem in Montreal and its suburbs. It is more and more difficult for retailers to survive and it is with a renewed optimism that Innovation Montreal tells the story of Potloc and Moose, two innovative startups that decided to tackle that issue with different means.