Summary
- Profile Type
- Technology offer
- POD Reference
- TOCY20241024002
- Term of Validity
- 24 October 2024 - 24 October 2025
- Company's Country
- Cyprus
- Type of partnership
- Commercial agreement with technical assistance
- Targeted Countries
- All countries
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General information
- Short Summary
- Cyprus company stands as an innovative solution in the battle against food waste, embodying a vision of sustainability and efficiency. Platform enables food suppliers, including supermarkets, restaurants, bakeries, and hotels, to upload perfectly edible products nearing their expiration date at discounted prices. This approach provides these products with a second chance to be consumed, effectively reducing the amount of food waste.
- Full Description
-
Cyprus-based company approach transcends mere technology; it's a commitment to sustainable practices, economic sensibility, and a future where every consumable product finds its rightful place, benefiting both businesses and consumers. To establish a robust and sustainable revenue stream, the company has devised a dynamic monetization strategy. This includes charging providers a flexible transaction fee, as well as offering premium subscription packages tailored for both individual users and businesses. The business subscriptions grant access to advanced features such as enhanced predictive analytics, personalized recommendations, and seamless product integration. Furthermore, the company has introduced targeted advertising opportunities within our platform, empowering product suppliers to effectively broaden their reach and maximize their market impact.
Beyond its economic potential, the platform has a significant social impact. By providing affordable options for a variety of products, we contribute to reducing hunger and ensuring that quality food remains accessible, even to those with limited resources. The vision of the company extends internationally, with the proposed solution poised to become a major player in the socio-economic landscape, empowering communities and businesses globally. The adaptable design allows for future expansion into other product categories with expiration dates, such as cleaning products, enhancing our market reach and revenue potential. - Advantages and Innovations
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At the core of the innovation lies a robust B2B Application Programming Interface (API), a technological marvel meticulously designed to empower businesses. This API is more than just a tool; it's a predictive powerhouse. By harnessing the power of machine learning and predictive analytics, our B2B API enables businesses to anticipate products within their inventory that are at risk of going to waste. Through seamless integration with inventory management systems, businesses can automatically identify, import, and market these products through our platform.
This predictive capability achieves a dual purpose: it minimizes waste for businesses, preserving valuable resources, while ensuring a diverse array of products for our discerning users. The platform includes additional features such as donations, product viewing, exclusive offers, and loyalty rewards, enhancing the overall user experience and encouraging responsible consumption practices. - Stage of Development
- Already on the market
- Sustainable Development Goals
- Goal 2: Zero Hunger
Partner Sought
- Expected Role of a Partner
- Cyprus-based company seeks partnerships with key players across the food industry, including restaurants, bakeries, supermarkets, farmers, hotels, wholesalers, food importers, and food chains. By joining the platform, these partners can access and test the innovative stock management features designed to minimize food waste while maximizing their revenue potential. The collaborative approach enables businesses to optimize their operations through data-driven insights and efficient inventory management solutions.
- Type and Size of Partner
- SME 50 - 249
- SME 11-49
- SME <=10
- R&D Institution
- University
- Big company
- Type of partnership
- Commercial agreement with technical assistance
Dissemination
- Technology keywords
- 01003011 - Electronic Commerce, Electronic Payment & Signature
- Market keywords
- 09005 - Agriculture, Forestry, Fishing, Animal Husbandry & Related Products
- Sector Groups Involved
- Agri-Food
- Targeted countries
- All countries