Photo - TeknTrash
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TeknTrash

Locating products at disposal sites to provide consumer data

United Kingdom
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 17.06.2020
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Idea

TeknTrash is a startup which uses AI to locate products at disposal sites and thus provide consumer data. We can then match that product to the sales history provided by the client to provide consumer use information.

This allow consumer product companies know their consumers better, avoid stock, use alternative plastics, resize better the packaging, focus their sales, know how long it took for the product to be consumed, and encourages people to recycle

Current Status

POC at Sacyr tyre recycling plant in Spain
ENEL waste recycling plant in Italy (€300k POC, yet to sign)
Coca-Cola Venture Partners (158k POC, yet to sign)
Received US$120K from IBM in cloud storage and processing
Developed patentable technologies such as 4-stage recognition system based on Semantic Segmentation, YOLO, GAN, Reinforcement Learning
Developed portal corp.stipra.com for companies to register and pay
Running fundraising at https://www.angelsden.com/investment-opportunities/p5410818179/

Market

FMCG firms spend $79bn annually on digital marketing and $47bn fails to deliver noticeable ROI

Attracting just 0.1% of that failing ROI spend equates to $470m pa.

Problem or Opportunity

Companies don´t know what happens with their products after they were sold to wholesalers.

This, however, is the most important moment in the product´s history, as it is the time when it was actually used by the customer.

Solution (product or service)

TeknTrash is a startup which uses AI to locate products at disposal sites and thus provide consumer data. We can then match that product to the sales history provided by the client to provide consumer use information.

This it allow consumer product companies know their consumers better, avoid stock, use alternative plastics, resize better the packaging, focus their sales, know how long it took for the product to be consumed, and encourages people to recycle

Competitors

Grey Parrot and RecycleEye come close in terms of technology but not on business, as both focus on developing technologies for the recycling business, whereas we focus on providing data to FMCG companies using the tools we develop for ourselves

Advantages or differentiators

Our technology is based on a 3 step recognition system

Finance

After NDA

Business model

Based on 4 contract models of recurring monthly revenues

Companies register at corp.stipra.com, send the pictures of the products they want us to locate at disposal sites, and compare that data with their own sales data

Money will be spent on

Marketing, management, B2C model

Offer for investor

After NDA

Team or Management

Incubation/Acceleration programs accomplishment

Received 120K in infrastructure from IBM

Won the competition and other awards

Boot strap (self funded) to date by founding team
Proofs of concept/expressions of interest
Sacyr tyre recycling plant in Spain (started)
ENEL waste recycling plant in Italy (€300k POC, yet to sign)
Coca-Cola Venture Partners (158k POC, yet to sign)
Startup support from leading companies
Received US$120K from IBM in cloud storage and processing
Part of Google Campus
Developed patentable technologies
Developed 4-stage recognition system based on Semantic Segmentation, YOLO, GAN, Reinforcement Learning
Developed portal www.stipra.com able to recognize products

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video