1. P2P travel insurance. Similar to kickstarter campaign, your friends insure you for small claims <$5000. No claims, friends get money back. P2P company holds money and profits on short term interest rates. Larger liability and medical expenses would still need to be underwritten by normal insurance companies. 2. Smart Water Meters - Develop water flow meters on each pipe/faucet to report flow information to an application. Should then be able to detect leaking taps, validate water efficiency of appliances and remotely shut off water to certain pipes for those in cold climates. 3. Eventography - Develop an event based photo sharing application to help people collaborate on photos taken at an event, such as a wedding or concert, with one click.