Photo - eTEU
play_arrow
View
54560

eTEU

United Kingdom
Market: Internet and IT, Logistics and warehouses, Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 19.10.2021
Show contacts
2
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

eTEU is solving the issue of inefficient, paper-based documentation procedures in international trade which costs businesses globally more than $100 Billion every year.

Current Status

Paid pilot with Ocean Network Express (ONE), one of top-5 biggest shipping companies globally.

Paid pilots with three shipping/logistics companies in Europe (£20,000 in revenue generated).

Accepted to ZEBOX (CMA CGM incubation program).

Received grant funding from Innovate UK, equity funding from Techstars (top-3 most prestigious startup accelerators globally) and Jenson Funding Partners.

Problem or Opportunity

Even in the 21st Century, international trade, heavily relies on paper documentation. Documents are still prepared manually, issued in the paper format and transferred using courier post. This is a huge issue which according to the World Bank, costs businesses globally more than $100 billion every year.

Solution (product or service)

eTEU is solving this issue by enabling paperless management of international shipment, using blockchain technology to ensure trust between the members of the supply chain and automating repetitive bureaucracies, such as document drafting.

Business model

Subscription based SaaS, with price of packages based on the number of documents generated on the platform.

Incubation/Acceleration programs accomplishment

Techstars, ZEBOX
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility122
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
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