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ZWERYFIKUJFIRME.PL is the Polish winner of Fintech category

Country: Poland

Category: Fintech

Project Aim: Verifying companies credibility based on more current (1 month old) and reliable (source of data about transactions) data. The whole process is automated and machine learning algorithms are introduced.

What is the problem to solve?

In our core team, we combine strong financial and IT skills. We have two statutory auditors and Data scientist on board. Basing on our experience in corporate finance we are aware that there is an information gap on the market about the financial standing of micro and small companies in Poland. Our innovative products can solve this problem.

What does ZWERYFIKUJFIRME.PL do:

In ZWERYFIKUJFIRME.PL, we analyse financial data from Standard Audit File for Tax (SAF-T) to conclude about current standing of companies. Standard Audit File for Tax is an international OECD standard introduced in seven European countries so far.

What did ZWERYFIKUJFIRME.PL accomplished?

We have already entered the market with a product for statutory auditors – a tool to support financial audit process. Right now, we are developing our products for financial institutions in cooperation with one of the biggest banks in Poland. We are working as well on an internet platform for companies seeking reports that automate most time-consuming audit procedures.

It is the first time in the history when there is such huge amount of unified financial data available. We wait for the chance to be the first player on this market.

On What ZWERYFIKUJFIRME.PL is currently working:

We are currently working on four innovative concepts (all of them are based on the same mechanism):

  1. Intermediation between companies seeking to verify counterparty’s credibility: we will provide reports summarizing main financial indicators of verified company retrieved from its SAF-T files.
  2. A reliable certification program for companies: basing on data from SAF-T files, we will present a list of financial data characterizing company that seeks our certificate to prove its credibility.
  3. A tool to assess creditworthiness both potential clients and for periodical credit standing review of debtors: having more current data about clients, the financial institution will be able to react quickly to worsening situation of debtors. Moreover, as a response to the new requirements of IFRs 9, we offer a possibility to monitor current standing of borrowers and apply prospective look in establishing impairment of loans basing on most current and reliable data from SAF-T files.
  4. Tools to support financial audit process, both internal and external: we offer excel reports that automate most time-consuming audit procedures.

CEO’s testimony:

For me as CEO of Zweryfikujfirme.pl, winning StartUp Europe Awards 2017 in FINTECH category in Poland shows that our business idea has gained recognition. It gives me the certainty that we can successfully solve real problems that our clients are facing, and we can provide them with the most desirable commodity in XXL century – with most current information.

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MYSPIRULINA is the Bulgarian winner of E-Health category

Country: Bulgaria

Category: E-Health

Project Aim: producing a bioreactor designed to cultivate the spirulina at home, very easily and without the need for additional knowledge or equipment. In this way, each person can satisfy his or her needs by acquiring direct spirulina at home using our small and stylish device.

What is the problem to solve?

In the recent years, the problem of unhealthy nutrition has increasingly come to the fore in the form of various analyses and articles on obesity, as well as an increase in number of diseases and clinical conditions caused by the food we consume and the lifestyle that we have. At the same time, the topic of the food itself – its origin and quality – is becoming more and more current. There is also more and more talk about different kinds of super foods and nutritional supplements that aim to enrich the intake of different nutrients and improve our diet.

What does MYSPIRULINA do:

One of that super foods is the Spirulina alga, and we are producing a bioreactor designed to cultivate the spirulina at home, very easily and without the need for additional knowledge or equipment. In this way, each person can satisfy his or her needs by acquiring direct spirulina at home using our small and stylish device. On the one hand, this guarantees the quality if the product and the fact that, unlike the dry Spirulina, which has undergone multiple treatments and has lost up to 60% of its qualities, the fresh one is fit for direct use and does not lose its qualities. What is more, the fresh one has a pleasant taste compared to the dry one.

So, what exactly Spirulina is and why is it defined by the UN as the superfood of the Future? This alga is potentially of great importance for human nutrition because of the overall nutritional qualities, over 100 Nutrients, of which: 60-70% protein, all essential amino acids, vitamins, minerals (iron, magnesium, calcium, phosphorus, iodine, selenium and zinc), unique pigments, omega-3 and omega6 fatty acids, etc.

The quality and nutritional value of spirulina makes it suitable for use by all people, but our focus is people interested in healthy eating and healthy lifestyle, vegetarians and vegans, as well as people with an active lifestyle who regularly exercise.

CEO’s testimony:

The Bulgarian start-up ecosystem is rapidly developing during the past few years and we are proud to be selected as winners of the national StartUp Europe Awards 2017 and represent Bulgaria in the E-health category at the Final.

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MIRACOIL is the Spanish winner of Energy category

Country: Spain

Category: Energy

Project Aim: Converting several types of waste as feedstock into high-quality second-generation advanced biodiesel. This technology is known as thermos-mechanical cracking process (TMCP). The challenge remains to develop techniques that are economical and easily replicable, avoid environmental pollution and risks for human health, and reduce carbon emissions, just as promoting the circular economy in recovering the value from the waste.

What is the problem to solve?

Over the recent years, Municipal Solid Waste (MSW) management has been fast evolving from the conventional methods of landfilling, open-air burning, dumping in oceans, to more sophisticated methods. In addition, the enormous environmental and economical downsides of landfilling have reached the top of waste policy agenda and they are looking for alternatives to minimize landfilling, where policies tend towards zero-landfill and circular economy development. Similarly, treating MSW through incinerators which generate energy have proven to be seriously damaging to human health as carcinogenic dioxins are not eliminated even when sophisticated and very expensive filters are deployed. The challenge remains to develop techniques that are economical, easily replicable, avoid environmental pollution and risks for human health and reduce carbon emissions, while promoting the circular economy in recovering the value from the waste. MIRACOIL has been working for the last six years to change the way we treat and eliminate waste.

What does MIRACOIL do:

MIRACOIL commercializes a patented new technology that can convert several types of waste as feedstock into high-quality second-generation advanced biodiesel. This technology is known as thermos-mechanical cracking process (TMCP). The company’s vision agrees with environmental objectives to minimize waste generation, avoiding landfilling and incineration, and convert waste into a resource; in this case, a synthetic secondary fuel to substitute fossil fuels. The key innovation of the TMPC system lies in obtaining liquid hydrocarbons by cleavage of carbon and hydrogen molecules using various organic biomass waste feedstock.
The TMCP is a clean, efficient and flexible technology, an alternative to the current linear production-consumption system, reintroducing waste in the economic cycle, treating it locally and extending its life cycle. Thus, it contributes significantly to reduction of landfilling and encourages energy independence. Compared with competing solutions, TMCP is more profitable than competitive technologies that often have higher operational costs compared with the income they generate. TMCP’s disruptive technology presents numerous advantages over other existing waste treatment and disposal systems. A TMPC’s technology removes a broad range of waste treatment and disposal systems. A TMCP’s technology removes a broad range of waste (up to 85%) without the need to separate the input materials (except for glass, metal and recycled materials).

What MIRACOIL will do in the future:

In 2018, in Spain, MIRACOIL will manage the construction of the first demonstration industrial plant of the TMPC technology for the treatment of urban solid waste and plastics. At the same time, we will plan the commercial diffusion for the installation of other plants in Europe, Latin America and Africa.

What does Europe represent for the company?

Europe is for MIRACOIL a great opportunity to spread a disruptive, cleaner and more efficient technology than the current ones, internationalize its use and achieve collaborations that pursue the same objectives of environmental protection, solid waste disposal, oils, hospital waste and plastics for avoid that they end up contaminating the aquifer and marine environment and obtain funding for treatment plants and dissemination actions.

CEO’s testimony:

For me as CEO, this recognition is a reward for the effort applied by the technologist and the MIRACOIL team for the last five years and an opportunity to spread the usefulness of TMCP Technology.

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PREGNABIT is the Polish winner of the E-Health category

Country: Poland

Category: E-Health

Project Aim: supporting health care professionals to bring every pregnancy to the happy end.

What does PREGNABIT do:

Early detection of threats to mother and baby, including through CTG measurements, may have a real impact in quicker medical response during pregnancy. PREGNABIT system enables CTG monitoring of pregnant women at anytime and anywhere. Our mission is to support health care professionals, to bring every pregnancy to the happy end.

CEO’s testimony:

StartUp Europe Awards 2017 recognition is very important to the whole Pregnabit Team. We work very hard to bring every pregnancy to the happy end. We strongly believe that StartUp Europe Awards 2017 will help us to fulfil our mission.

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MYSNOWMAPS (a project of Mobygis) is the Italian winner of the Water category

Country: Italy

Category: Water

Project Aim: assessing snow distribution at continental scale to predict water resources.

The Motivation:
Since I was a child, I have always been fascinated by the snow. Seeing the snow falling was for me the most beautiful form of magic. I was curious on “how much snow there was everywhere”, especially when I saw the white mountains above me, but that information was often lacking or ambiguous. Later, my studies on snow modelling and my commitment to answer this question gave birth to Mysnowmaps.

What is the problem to solve?

Thanks to a combination of mathematical modelling with ground and satellite data, we can assess with accuracy the snow distribution at continental scale, as snow is the primary source of water in the mountains. Knowing with accuracy the snow distribution allows us to predict water resources for multiple beneficiaries, like:
1- Public administrations: we improve the monitoring of snow distribution, passing from a classical point-measurement to a distributed mapping, thus allowing a better decision making for civil protection.
2- Hydro-power: we improve the accuracy of water inflow prediction, thus allowing a better energy trading.
3- Tourism: we improve the planning of excursions for off-piste explorers by providing an interactive browsable map of snow presence.

Where are we now?

Based on the same technology, we have created customized products for each business sector (public administration, hydro-power and tourism). As far as technology is concerned, we are currently in a validation phase, where selected customers are testing the service in an operational way. As far as business is concerned, we are developing our marketing tools to attack the market in each business sector. Now, snow maps are operative on the Alps (176.000Km²) and we are confident to be ready to scale the system worldwide in the next 3-5 years.

What does Europe represent for the company?

Although Europe is formed by several countries where multiple languages are spoken, I think us, European people share the same cultural background. In fact, culture is not just a language or history or religion. It is also scientific development and entrepreneurship. Europe gave birth to many of the scientists and explorers of the last millennium. So, this is what Europe is for me: the land where great discoveries may take place and incredible heritage of great men that dared their destiny to envision new achievements. Like Columbus who sailed from Europe to the new world, I also feel like a sailor going to the new era of digital transformation with my company.

CEO’s testimony:

This recognition means much to me. It is a great honour to be among the most innovative start-upper in Europe and to represent my country in such a prestigious competition.

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SOLATOM is the Spanish winner of Climate category

Country: Spain

Category: Climate

Project Aim: offering industries a viable alternative to traditional solar projects, producing pre-assembled modules connected to form a solar plant. SOLATOM enables industries using fossil fuels, to cut their thermal energy costs by up to 37% with less than 3 years payback.

What is the problem to solve?

Two thirds of the energy consumption in the industrial sector is thermal energy, which is produced by expensive and polluting fossil fuels. In the case of heat intensive sectors, like food processing for example, thermal energy can represent more than 70% of the overall production costs squeezing companies’ margins and competitiveness. Industries looking for solar energy alternatives find that current technologies are only competitive at large scale (over 5MW), making them unviable for most industrials applications.

What does SOLATOM do:

Our design uses mirrors that follow the sun to concentrate the sunlight into a Receiving tube where steam or thermal oil is heated up to 300°C. All components are assembled in our module, which has the same size and transportability of a standard goods container. Once assembled, every module is calibrated and tested, before being shipped, avoiding costly on-site construction, and commissioning. All modules forming the solar plant are easily connected to the client’s production process, becoming operative just one hour after the delivery.

According to the EU-JRC, thermal energy consumption in south European industries amounts to 19.000M euro and grows by 7% each year. Our initial market is food industries located in south European regions which are facing high fossil fuel costs. We have begun in the Spanish market (200 companies C.14M euro). Internationalization will start in 2019, by sending modules built in our factory in Spain.

What did SOLATOM accomplished?

Traction: concept proven with pilot. Two projects have been sold to industries in the last three months, five more in the pipeline (+430k Euro). Invested by Lanzadera (one of the biggest startup accelerator in Spain). Climate KIC startup accelerator phase 2 and winner of the ClimateKIC Venture competition (Spain). Investment and funding: 320k Euro-Lanzadera, ClimateKIC, IVACE and Founders.

SOLATOM team:

Miguel Frasquet (CEO), 6 years of experience in managing solar projects for industrial applications. Raul Villalba (CFO) MBA at LBS, 7years finance experience with solar companies, consultant firms and a cleanTech VC. Juan Martinez (CTO), 6 years of experience in designing and manufacturing industrials equipment in aeronautics. Carlo Terruzi (R&D), 5 years of experience in developing control systems. We also have Dr. Daniel Villalba (U. Stanford-COB) as energy advisor.

CEO’s testimony:

This Recognition represents the work of many people that believed in us, and it will be the first step towards big opportunity yet to come.

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México StartUp Europe Awards: “Creating open innovative environments for the Mexican agro-food industry”

  • The Project falls within the StartUp Europe Awards, an initiative with which the European Comission -DG Connect- and the Finnova Foundation aim to promote local entrepreneurship and open innovation.
  • This initiative, open and inclusive, will promote a public collaboration – private for the UE-Mexican agro-food industry.
  • CDI Corporative will promote the participation of new companies with innovative projects dealing with the Aggrotech, Social Innovation, Water, Climate and Gastronomic fields.
  • The official announcement regarding the Water category, in the framework of the National Forum of Sustainable Development and Water, is released in Mazatlán, Sinaloa.

Mexico, 31 August 2018. Mexico StartUp Europe Awards is an initiative in which the European Commission –DG CONNECT- and the Finnova Foundation, in collaboration with CDI Corporative (Corporativo de Desarrollo Integral) aiming to promote local entrepreneurship and open innovation for the UE-Mexican agro-food industry.

Mexico occupies the eleventh position in the world in regards with exportation and the tenth position as a food producer; with this in mind, the incorporation of Mexico to new digital technologies, modernisation of business models and decision-making in order to increase its competitiveness on an international scale is a must.
There is evidence of important advances around entrepreneurship in Mexico, however, the agro-food industry requires greater efforts in order to create an environment of emergent new technologies, innovations and agro-technologic businesses.

“Mexico has an important potential in terms of Start-ups, as the conditions to accelerate the growth of this field by generating innovations and an entrepreneurship environment are already there; with this initiative we are looking for a coalition with key actors that can help to boost and reinforce an interinstitutional link with public inversions within the agro-food industry”, according to Marco Antonio Herrera Oropeza, General director of CDI.

The Instituto Tecnológico y de Estudios Superiores de Monterrey has joined this initiative by considering its relevance as an enhancer of development in a field that is as fundamental for the Mexican economy as the agro-food industry. The Business School of this university strongly emphasizes the entrepreneurial culture and the connection between universities and companies as an instrument to promote economic and social development of all countries.
The Finnova Foundation facilitates the collaboration between Mexican and European entities thanks to European Funds in order to technologically innovate, particularly the aggrotech sector, which is strategic for Mexico and, at the same time, it has a great commercial importance for the European Union.

“StartUp Europe Awards is the vehicle allowing Start-ups, corporates and the public administration to deal with the challenges that may arise from the development of the programme Horizonte Europa, counting on 100 trillions for innovation until 2027, and Mexico should be a leader country in obtaining this subvention in cooperation with Europe” states Juan Manuel Revuelta, General Director of Finnova Foundation.

CDI Corporative will implement the participation of new companies participating in innovative projects within the categories of Aggrotech, Social Innovation, Water, Climate and Gastronomy, so their services and products can be known at a global level.

“We want this entrepreneurial environment to find and initiate business ideas and inversions so that producers can reach these innovations with the help of all the actors”, confirmed Marco Antonio Herrera Oropeza, General Director of CDI.

Among the challenges that can be overcome with the help of the Start-ups are the improvement of the product chains, the valorisation of waste material, the reutilisation of water, the improvement of the food quality, the impact of the climate change, the renewable energies and the implementation of continuous and inclusive innovation culture.

Within the National Forum of Sustainable Development and Water: Production, Promotion and Commercialisation of Agricultural Products, the first convocation of the contest in the Water category has been launched and can be now applied through the following link: http://startupeuropeawardsmexico.org/

“StartUp Europe Awards also aims to promote business cooperation as a result of the free trade agreement negotiated between the European Union and Mexico, which introduces the possibility of accessing a market with more than 740 million people in Europe and 133 millions of Mexicans. At a geostrategic level, globalisation switches from a concentric model revolving around the United States to a new cooperation point such as the European Union – Latam, Finnova Foundation’s bet since 2010”, confirms Juan Manuel Revuelta, General Director of Finnova.

————————————

About CDI Corporative: a holding with more than 10 years of experience in the agro-food industry which offers integral solutions for the public and private sectors. Its recent participation was focused on the strategic design of the Planeación Agrícola Nacional 2017 – 2030.
About Finnova: a European Foundation with head offices in Belgium, Spain, Romania, Panama, Chile and Mexico. Promoter of innovative initiatives and platform for public and private entities headed towards the creation of innovative environments and the boost of Start-ups, relying on the supporting tools offered by the European Union.

For further information:
www.cdicorporativo.com.mx
www.finnova.eu
http://startupeuropeawards.eu/
http://startupeuropeclub.eu
@StartUpAwardsMX

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Commission’s StartUp Europe Awards visits Mexico to boost EU-Latin America business cooperation

  • This mission will help to bring the innovation ecosystems of Europe and Mexico closer together in order to promote public-private partnerships, especially in the agricultural sector.
  • CDI Corporativo is Finnova’s partner for the implementation of the Mexico StartUp Europe Awards in the Agritech, Social Innovation, Water, Clima
  • te and Gastronomy categories.
  • For the third edition of the StartUp Europe Awards, the initiative expands from Europe to other countries, starting with Latin America and specifically Mexico.

Brussels, 25th August 2018. StartUp Europe Awards, an initiative of the European Commission -DG Connect-and the Finnova Foundation to promote local entrepreneurship and open innovation, will be implemented in Mexico thanks to Startup Europe Accelerator of Finnova and the Mexican partner CDI Corporativo (Integral Development Corporative for its Spanish acronym), a holding company with more than 10 years of experience in the agrifood sector that offers integral solutions for the public and private sectors in the areas of public policy, organizational development, communication, training, economics, commercial and market.

The StartUp Europe Awards is supported by the Commissioner for the Environment, Karmenu Vella, the Commissioner for Innovation, Carlos Moedas, and the President of the European Parliament, Antonio Tajani. The initiative promotes open innovation and collaboration between the different actors of the entrepreneurial ecosystem, through public-private partnerships to support local startups so that they can scale up their services and products globally with the help of this network. It is also supported by Finnova’s StartUp Europe Accelerator.

StartUp Europe Awards is part of Startup Europe, an initiative of the European Commission that aims to promote networking between professionals and startups, to help them expand their market and to promote recognition.

“We are going to transfer the good practices of StartUp Europe Awards as the public-private partnership to improve the citizens’ quality of life thanks to technological innovation, and particularly in the agritech sector we will help to enable Mexican and European entities to collaborate with the help of European funds for innovation”, states Juan Manuel Revuelta, Finnova’s Managing Director. The Horizon 2020 programme will provide EUR 115.00 million for technology cooperation in the period 2021 – 2028.

Mexico StartUp Europe Awards will be co-organized by the local partner CDI Corporativo, whose main focus is the Agritech category, a strategic sector for the country and of great importance in terms of trade for the European Union.

“The agri-food sector in Mexico faces a great challenge of modernization linked to innovation and digital technology, and for this reason we see the need for an initiative to connect the Mexican countryside with the entrepreneurial ecosystem through the StartUp Europe Awards” says Marco Antonio Herrera Oropeza, CEO of the Mexican holding company CDI Corporativo.

Among the challenges that can be addressed with the help of startups are the improvement of production chains, the valorisation of waste, the reutilisation of water, the improvement of food quality, the impact of climate change, renewable energies and the implementation of a culture of continuous and inclusive innovation.

Finnova’s mission in Mexico also aims to make Mexican entrepreneurs and Spanish residents aware of the networking, mobility, training and financing opportunities offered by the European Union, as well as current programmes and calls for proposals such as H2020, entrepreneurial Erasmus, among many other programmes. For the European Union, the funding of innovative projects is a priority and for this reason it allocates EUR 90 billion in the current financial period through the H2020 programme for this purpose.

The third edition of the StartUp Europe Awards will recognise the most innovative startups from Europe and other continents. The final of the first edition of these awards was held at the European Parliament where 15 startups were awarded and the final of the second edition will be held on next November 15th in Sofia with Startup Europe of the European Commission.

Finnova’s objective is to continue these missions in other Latin American countries such as Chile, Panama and Colombia, countries that have already shown interest in replicating the StartUp Europe Awards initiative.

For more information:

http://startupeuropeclub.eu

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OPEN CALL ENERGY STARTUP EUROPE AWARDS 2017

Energy StartUp Europe Awards is looking for Country Managers, MEPs Ambassadors and Media Partners for 2017 edition

Brussels, 19th June, 2017. The Finnova Foundation, in the framework of the EU Sustainable Energy Week 2017 organised by the European Commission, launches the call for Energy Country Managers, Energy Ambassadors (Members of the European Parliament) and Energy Media Partners for Energy StartUp Europe Awards 2017.

Energy StartUp Europe Awards 2017 is looking for Country Managers, who can organise the energy award at national level in order to recognize the best Energy startup in their respective countries. The call is also open to Energy Media Partners, who could provide visibility and follow the progress of the participants, and for Energy Ambassadors, Members of the European Parliament who could provide institutional support and invite a group of Energy startups to visit EU institutions.

StartUp Europe Awards (SEUA) is an initiative of the European Commission and Finnova Foundation, supported by the President of the European Parliament, the President of the Committee of the Regions, the Vice-President of the Economic and Social Committee and several members from the European Parliament. SEUA is supported by the StartUp Europe Accelerator of the Finnova Foundation.

StartUp Europe Awards presents a prize methodology for startups at local, regional and national level that fosters the open innovation and the collaboration between the different actors of the European ecosystems, through the private-public partnership to support entrepreneurs. “Besides, it creates a network of contacts that will inspire and provided visibility to all the local startups so that, by using this network, they can scale their services and products at a global level”, stated Juanma Revuelta, the Director of Finnova’s Startup Europe Accelerator.

Energy StartUp Europe Awards aims to reward the best initiatives working in projects related to the development of sustainable and efficient energy models, based on renewable energies, as well as the development and technology transfer in the area of renewable energies along with the best governance projects and citizenship participation in the development of renewable energies.

From left to right: Inese Vaidere, Latvian MEP; Caritta Sepa, COO Tespack; Sami Pfaler, Chief of Sales Tespack; Blanca Losada, Chief Technology &Engineering Officer Gas Natural Fenosa, and Juanma Revuelta, general director for Finnova Foundation

The winner for Energy category of the StartUp Europe Award 2016 European Final is Tespack, a Finish startup (based in Valencia, Spain) specialised in mobile energy, in the generation of energy on-the-go. By combining top-notch technology, solar and connectivity, they have created different Smart Wear for different activities. They have developed a new, innovative ultra-fast charging technology (3 times faster than Qualcomm) so it is possible to charge their new power bank full in 12 minutes only (to be launched in 2017).

The others finalists of the Startup Europe Awards 2016 in the Energy Category by countries were: SWIRL (Luxembourg), Jitiv (Poland), Tinja (Croatia), Smart Load Solutions (Estonia), UrbanVolt (Ireland) and Veranu (Italy).

StartUp Europe Awards recognizes the effort of the European startups in five levels (local, county, regional, national and European) in 18 categories for 2017: Creative, Energy, Fintech, Green, e-Health, IoT, Smart Cities, Social, Tourism, Water, Agritech, Legal, Space, Cibersecurity, Climate, Fashion, Edtech and Gastronomy.

SEUA17 offers 4 special recognitions this year: Best Public Administration for startups Award, for recognizing the effort of the public administrations in supporting entrepreneurship and innovation; Best Media Partner, to highlight the Media Partner most committed with the promotion of the initiative and the startups participating in the contest; Best LATAM StartUp and Best Female Entrepreneur.

European Sustainable Energy Week (EUSEW) is a month-long series of activities to build a secure energy future for Europe. It brings together public authorities, private companies, NGOs and consumers to promote initiatives to save energy and move towards renewables for clean, secure and efficient power. Launched in 2006 by the European Commission, the EUSEW is organised by the Executive Agency for Small and Medium-sized Enterprises (EASME) in close cooperation with Directorate-General for Energy.

 

StartUp Europe Awards Social Networks

Twitter: https://twitter.com/StartUpEUAwards

Twitter handle: @StartUpEUAwards

Facebook: https://www.facebook.com/StartUpEuropeAwards2016/?ref=bookmarks

Linkedin: https://www.linkedin.com/company-beta/10838129/

Website: http://startupeuropeawards.com/

 

Press Contact

Catalina Valencia

(+34) 636889177

eustartup@finnova.eu

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TRAFFEL is the winner of Estonia in tourism category

Country: Estonia

Category: Tourism

Name: Traffel

Project aim: We help people find cheapest long-haul flights.

What is the problem?

The average time people spent searching for cheap flight deals is almost 30 hours. It can be much easier to set up alerts to their preferred destinations and let Traffel.com do the searching for them. Traffel.com brings long-distance destinations closer to people.

Our solution?

Traffel.com offers their customers a large collection of the cheapest long-haul flight deals. Our team monitors almost one hundred travel websites, forums, blogs and ticketing systems in 20+ languages to compile the database. We do that semi-automatically, crawlers prepare info, but human handpicks the best deals. It´s a “real-time-offer” platform where customers can set alerts for their preferred destinations.

Where are we now?

To validate the idea we at first opened a simple website and started sending our newsletters twice a week to our subscribers, meaning we were selling subscription to a newsletter containing all the cheap long-haul flight offers starting from Europe. We started to see some traction (over 3000 subscribers with freemium and almost 400 paid subscribers) without significant marketing actions.

Traffel.com is our second website now. We have changed our twice-weekly newsletter idea into real-time offering (plus newsletter three times a week).

Traffel.com offers the following subscription plans: 24-hour access for €4.90; a month´s access for €7.90; and a year´s access for €60. We have paying customers from 16 countries in Europe.

What is the competitive advantage? 

All other services on the market do not meet our needs – either they provide too little information or it´s presented poorly. We offer more flight deals compared to other channels. And we can find unique deals from different reservation systems and websites that do not exist anywhere else.

Other companies haven´t yet realized that you can ask money for this kind of information. We ask money from a customer and in return we provide maximum value (we save their money and time). At the same time we also provide some inspiration on where to travel next.

Next steps?

At the moment, our service is for flights originating in Europe, but we are ready to start offering the same service in the North America as we have the tools ready to do that.

It is great to win the Eurovision for Startups in Estonia and get recognized for all the hard work we have done. It gives energy to continue and develop our innovative model.

CEO of Traffel: We are looking at investors that will help us grow. At the moment we are willing to share 20% of equity for investment of 300 000EUR.