About the Smart Transport Dragons` Den
The Smart Transport Dragons' Den provides up-and-coming start-ups the opportunity to pitch their product to the entire public transport sector. This is the opportunity to showcase their work to a qualified audience of senior transport operators and technology companies.
This is an exciting, energetic format for showcasing each start-up's product to an audience of industry thought leaders. Not only will they be able to hear questions and feedback from the industry but they are also in an arena which enables them to directly answer these. Therefore it is a fantastic opportunity to ‘test the waters’and stir up some early buyer interest.
3 - 4 companies will be given the opportunity to do a 5 minute pitch about their new product or programme. They will then have 10 minutes of questioning from the Dragons and the audience. Once all the pitches are complete the Dragons will vote who they believe has the strongest product.
Though there is no cash prize or guaranteed funding for the winner, previous contestants at our sister events have gone on to receive investment from buyers and venture capitalists present at the event.
Our winner will be included in our post event report, receive a dedicated announcement on our website and email campaign - and of course the opportunity to impress future partners or investors.
Our criteria for start-ups is that they must be under a £1million in revenue, 24 months or younger and new to the event.
THE 2018 WINNER
FAIRTIQ is the easiest way to buy a ticket for public transport. The check-in/check-out app. combines a user-friendly user interface with intelligent algorithms that make it extremely easy to use: Thanks to the simplest handling, passengers can use FAIRTIQ to buy the right ticket without any prior knowledge with one click only.
The company was founded in 2016 by former Head of Sales of Swiss Feder Railways SBB, Gian-Mattia Schucan together with a team of public transport sales and IT experts. The FAIRTIQ app was launched in April 2016 in three Swiss tariff communities has been successfully in use since then in a growing number of tariff communities and soon all over Switzerland. Additionally, we are the partner of choice for SBB. The company also has pilot projects with Dutch National Railways and several tariff communities and public transport operators in Germany in Austria. So far, more than 600'000 journeys have been made with FAIRTIQ.
The patent-pending "check-in, assisted check-out" technology reminds customers to check-out if they forget to do so after exiting the bus or train. This reduces missed check-out and reduces time-consuming, frustrating customer service support costs. At the moment, we are at a level of one forgotten check out in 700 journeys whereby the algorithms for recognizing the checkout is constantly optimized.
Following their win, we spoke to FAIRTIQ's CEO, Gian-Mattia Schucan about their business and plans for the future:
Could you share with us why FAIRTIQ joined the Smart Transport Dragons’ Den?
As a startup it's always valuable to have exposure to both experts in the sector and in the investment world. The Smart Transport Dragons’ Den seemed like an ideal opportunity to have both at the same time.
How did you come by the idea for FAIRTIQ, what was the main pain point?
At the outset was the challenge to provide the best possible ease of use for the public transport customers while at the same time avoiding the enormous infrastructure cost normally associated with Tap-In/Tap-out systems. Furthermore, our hardware-free approach allows us to expand into new geographies extremely quickly.
What’s next on the horizon for FAIRTIQ?
After having established a solid market presence in our home market Switzerland hardly a couple of years into our existence, we now want to grow into more countries. We already run pilots in Holland with NS and in Germany and Austria. First promising conversations in the UK are also underway.
Find out more here
Launched in 2016, PweeP is a French startup offering a free, easy-to-use and universal mobile ticketing solution.
Beyond traditional advantages mobile ticketing solution brings, PweeP app has redesigned the user experience to be as seamless as possible. Once enrolled, 2 taps on your mobile allows you to travel, everywhere with only one app: PweeP.
PweeP is also a back office to manage your ticketing system and have access to data in real time.
No excuses to add PweeP as a new sales channel in your transportation system as there are no start-up costs, only commission and we can deploy your PweeP in 10’!