Tanzania - Startup under 3 years old

Describe your project or startup in a few words

Old Sounds Auction is a brand new sale first introduced by by Tanzanite World Auction to auction unique old music masters catalogs of Tanzania’s music legends. The sale to celebrate, reintroduce and profit our legendary musicians.

01.01 Describe your startup in more detail

Our start up is Tanzania’s first luxury auction house dealing with conducting auction sale of modern arts, fine Tanzanite jewelry notwithstanding Intellectual property. We aspire to introduce the business community to invest in wealth preservation by participating in our luxury sales of arts and fine jewelry. We see an opportunity to help both our consignors to create value which would later offered for auction, and buyers to invest by acquiring the value offered.

01.02 What is the main problem you are trying to solve?

Tanzanite World Auction is a proud brand from With ambitions to be Africa’s leading auction house. Tanzania is blessed with abundant of talents in contemporary arts who are facing marketing and sales challenges, thus by conducting quarterly contemporary arts auction we position ourselves to drive sales of local arts to domestic and international buyers.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Auction service comes with many competitive advantages to local artist, jewelers and innovators as follows. 1. Offers price discovery. 2. Recognition from ideal buyers. 3. Opportunity to compete with others talents.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Our Ideal clientele is both is categorized into two groups. 1. Talents such as contemporary artists, jewelers and innovators who offer their unique works for acquisition choosing our auction services as the ideal platform for gathering buyers. 2. Buyers/bidders. These are collectors of arts, jewelries, intellectual properties etc.

01.05 When was your company established?

2023-01-04

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

1

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

The other owner is a private investor, I wish to keep her identity anonymous.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

01.11 Which industry best describes your project?

g) Financial services

02.01.01 My startup contributes to the No poverty goal

3

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

We have set aside two particular charity auctions with a purpose to raise funds to be allocated for just cause.

02.03.01 My startup contributes to the Good health and well-being goal

1 - Strongly Disagree

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification for my startup

By collaborating with institutions helping to raise funds for water projects.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Our start up is committed to work with innovators and inventors in the energy space who are open to offer their Intellectual property for auction to be harnessed for the better quality energy we all need in the community.

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Our services guarantee good income for our consignors, who pays taxes thus contribute to the general economic growth.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

By raising funds through charity auctions we advocate good and quality infrastructure for innovators to be more competitive in their respective industries.

02.10.01 My startup contributes to the Reduced inequalities goal

1 - Strongly Disagree

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

1 - Strongly Disagree

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

We strong believe that necessary actions have to be taken to combat climate change. We are committed to raise funds through our corporate auctions and Chanel them communities affected by climate hazards.

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

3

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

1 - Strongly Disagree

06.04 The product/service is an improvement on an existing product or service.

1 - Strongly Disagree

06.05 The product/service could be described as an extension of a range of products or services.

1 - Strongly Disagree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

1 - Strongly Disagree

06.08 Justification for my startup

The service we offer is in luxury and arts collection is new to the Tanzanian market, and we seek expand to East Africa and eventually Africa at large.

06.09 Competitive Analysis

We have not yet experienced a potential competitor as the service we offer is considered foreign to both buyers and sellers.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?