Ethiopia - Startup under 3 years old

Describe your project or startup in a few words

Our company aims to provide modern, efficient and convenient ticket reservation system which contemporarily is time consuming and inconvenient. In this regard our goal is to provide the service to at least 20% of the total travellers to from Addis Ababa

01.01 Describe your startup in more detail

Ticketye is an innovative bus ticket reservation platform designed to transform travel in Ethiopia. Our application provides a seamless and user-friendly experience for booking bus tickets, targeting young adults, university students, and frequent travelers. By partnering with leading bus companies like Geda and Selam Bus, and integrating with Ethio Telecom for secure payments and customer support, Ticketye ensures reliable and convenient service. Key features include effortless booking, secure transactions, real-time seat availability, discount offers, and route information. Our goal is to capture a 20% market share in Addis Ababa within five years, with plans for expansion into other regions. Ticketye is committed to enhancing travel efficiency and customer satisfaction through technology-driven solutions.

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

Ticketye aims to solve the problem of inefficient and inconvenient bus travel booking in Ethiopia. Currently, travelers face challenges such as long wait times, unreliable ticket availability, and the hassle of physically visiting ticket offices. These issues lead to lost time, frustration, and uncertainty for passengers. By providing an online reservation system, Ticketye eliminates these pain points, offering a seamless, reliable, and user-friendly platform for booking bus tickets. Our solution enhances travel planning, reduces wait times, ensures secure transactions, and provides real-time information on seat availability and routes, ultimately improving the travel experience for users.

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

Ticketye offers several major benefits to its users: 1. Convenience: Users can book bus tickets anytime and anywhere through our user-friendly app, eliminating the need to visit physical ticket offices and reducing wait times. 2. Reliability: Real-time seat availability and route information ensure that travelers can plan their journeys with confidence, reducing the uncertainty and frustration often associated with bus travel in Ethiopia. 3. Secure Transactions: Integrated with Ethio Telecom’s secure payment systems, Ticketye provides safe and reliable payment options, protecting users' financial information and ensuring smooth transactions. These advantages make Ticketye a game-changer in the Ethiopian travel market, enhancing the overall travel experience for young adults, university students, and frequent travelers.

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

Ticketye is designed to serve a wide range of travelers in Ethiopia, with a primary focus on young adults, university students, and frequent travelers. These groups often face the challenges of long wait times, unreliable ticket availability, and the inconvenience of visiting physical ticket offices. Our platform provides them with a seamless and efficient solution for booking bus tickets, ensuring a hassle-free travel experience. Additionally, Ticketye benefits bus companies by streamlining their ticket sales process and enhancing customer satisfaction. Ultimately, our service aims to improve the overall travel experience for all bus travelers in Ethiopia, making it easier, faster, and more reliable to book and plan journeys.

01.05 When was your company established?

2022-03-14

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

7

01.08 Among the other owners, how many are female?

3

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

Tech Town ET's leadership team comprises three co-founders with diverse skills and experiences: 1. Abenezer Befekadu(CEO): With a BA in Accounting and Finance, Abenezer brings strong financial acumen and entrepreneurial experience, having worked in audience engagement and newsletter management at Walta FM 105.3. He is dedicated to leveraging technology for environmental and economic development in Ethiopia. 2. **Abel Gebremedhin**: An experienced web developer, Abel is instrumental in the technical development of Tech Town ET's digital solutions. His expertise in application development ensures that the products are user-friendly, reliable, and meet market demands. 3. **Bethlehem Alemu**: A skilled marketer, Bethlehem's experience in digital marketing and customer outreach drives Tech Town ET's promotional strategies.

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

https://www.linkedin.com/in/abenezer-sinkie-744b07233?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Tech Town ET significantly contributes to the goal of "No Poverty" by creating jobs and empowering the local workforce in Ethiopia. We provide direct employment opportunities, particularly targeting women and young people, while also offering training programs that enhance employability and entrepreneurial skills. Our partnerships with local businesses stimulate economic activity, and our Ticketye platform improves access to transportation, enabling people to reach job opportunities and markets more easily. Through these efforts, we drive economic growth and help reduce poverty in the communities we serve.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Tech Town ET contributes to the goal of "Zero Hunger" by creating job opportunities and providing training programs that enhance income levels, allowing families to afford nutritious food. Our Chaka Tech project improves soil health and water retention through tree-planting drone technology, promoting sustainable agriculture and increasing food production. Additionally, our Ticketye platform enhances transportation, helping farmers and food producers access markets more efficiently, reducing food waste and ensuring a steady food supply. Through these efforts, we support food security and sustainable agriculture in Ethiopia.

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

7 - Strongly Agree

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

Tech Town ET plays a significant role in promoting "Good Health and Well-being" by addressing key factors that impact health. Through our Chaka Tech project, we combat deforestation and restore ecosystems, improving environmental health and reducing risks associated with environmental degradation. Additionally, our focus on economic empowerment through job creation and skill development enhances access to healthcare and nutritious food, crucial for maintaining good health. Our Ticketye platform further contributes by improving transportation access, facilitating easier reach to healthcare facilities and services. Overall, our initiatives aim to improve the well-being of individuals and communities in Ethiopia.

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

Tech Town ET is committed to enhancing "Quality Education" by providing training programs and digital learning solutions. Through initiatives like the VISA STEM power program and our AI application for study-related questions, we equip individuals with valuable skills and promote interactive learning. By engaging with the community through training sessions and initiatives like the UNDP Digital Bootcamp, we foster digital literacy and skills development. These efforts contribute to a more educated and skilled workforce, ultimately improving the quality of education in Ethiopia.

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Tech Town ET is dedicated to promoting "Gender Equality" through its commitment to hiring women and providing them with equal employment opportunities. By offering training programs and fostering a supportive work environment, we empower women to develop their skills and pursue leadership roles in the tech industry. Through these initiatives, we aim to reduce gender disparities in the workplace and contribute to a more inclusive and equitable society in Ethiopia.

02.06.01 My startup contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification for my startup

Clean water and sanitation - on the bus

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

Ticketye is committed to promoting access to affordable, reliable, sustainable, and modern energy as outlined in Sustainable Development Goal 7 (SDG 7). To achieve this goal, we are exploring partnerships with renewable energy providers to power our operations sustainably. By investing in clean energy sources such as solar or wind power, we aim to reduce our carbon footprint and contribute to a more sustainable future. Additionally, we are committed to implementing energy-efficient practices in our operations to minimize energy waste. Through these efforts, we strive to ensure access to affordable and clean energy for all, while also supporting environmental sustainability.

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

On Ticketye, we are committed to promoting sustainable economic growth by creating job opportunities and fostering inclusive employment practices. We strive to ensure that all individuals have access to decent work, fair wages, and safe working conditions. Through partnerships with bus companies and local communities, we aim to contribute to full and productive employment while driving innovation and entrepreneurship in the transportation sector. Our platform is designed to be inclusive, providing access to transportation services for all, and we are dedicated to supporting local economies and communities as we grow.

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

In line with Sustainable Development Goal 9 (SDG 9), Ticketye is committed to building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation. We aim to achieve this by leveraging technology to enhance our platform's efficiency and accessibility, ensuring that our services are available to all segments of society. By partnering with local governments and industry stakeholders, we seek to contribute to the development of robust transportation infrastructure that supports economic growth and job creation. Through continuous innovation and collaboration, we strive to drive positive change in the transportation sector, making travel safer, more efficient, and more environmentally sustainable.

02.10.01 My startup contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification for my startup

Ticketye is dedicated to reducing inequalities within and among countries by providing affordable and accessible transportation services. We believe that everyone should have equal access to safe and efficient travel options, regardless of their income or location. By offering inclusive employment opportunities and fostering diversity within our workforce, we aim to contribute to building more equitable societies. Through our commitment to reducing inequalities, we strive to create positive social impact and promote a more inclusive world for all.

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Ticketye is aligned with Sustainable Development Goal 11 (SDG 11) to make cities and human settlements inclusive, safe, resilient, and sustainable. We contribute to this goal by promoting sustainable transportation solutions that reduce congestion, improve air quality, and enhance overall urban livability. By offering efficient and convenient bus ticketing services, we support the development of sustainable urban mobility systems. Additionally, we prioritize safety by ensuring that our platform complies with safety regulations and promotes responsible travel behavior. Through these efforts, we aim to help create inclusive, safe, resilient, and sustainable cities and communities for all.

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Ticketye is committed to promoting responsible consumption and production patterns, in line with Sustainable Development Goal 12 (SDG 12), by embracing the principles of the circular economy. We aim to reduce waste and minimize environmental impact by optimizing resource use and promoting sustainable practices throughout our operations. Our ticketing platform encourages paperless transactions, reducing the use of traditional paper tickets. We also strive to minimize our carbon footprint by promoting eco-friendly travel options and partnering with environmentally conscious suppliers. Through these efforts, we are working towards a more sustainable future by promoting responsible consumption and production practices.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Ticketye recognizes the urgent need for climate action, as outlined in Sustainable Development Goal 13 (SDG 13), and is committed to combating climate change and its impacts. We are actively working to reduce our carbon footprint by promoting sustainable transportation options and partnering with environmentally friendly bus companies. Additionally, we are exploring innovative ways to integrate climate-friendly practices into our operations, such as offsetting carbon emissions and investing in renewable energy sources. Through these efforts, we aim to contribute to the global fight against climate change and build a more sustainable future for all.

02.14.01 My startup contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification for my startup

Ticketye recognizes the importance of conserving and sustainably using the oceans, seas, and marine resources, as outlined in Sustainable Development Goal 14 (SDG 14). While our direct impact on marine environments is limited, we are committed to promoting sustainable practices that minimize our indirect impact. This includes encouraging eco-friendly travel options and partnering with bus companies that prioritize environmental sustainability. Additionally, we support initiatives that aim to protect marine ecosystems and promote responsible fishing practices. Through these efforts, we strive to contribute to the conservation of marine resources and the achievement of SDG 14.

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

Ticketye is committed to protecting, restoring, and promoting the sustainable use of terrestrial ecosystems, in alignment with Sustainable Development Goal 15 (SDG 15). We recognize the importance of forests, biodiversity, and healthy ecosystems for the well-being of the planet and future generations. While our direct impact on terrestrial ecosystems is limited, we aim to minimize our footprint by promoting sustainable practices in our operations. This includes supporting reforestation efforts, minimizing paper usage, and partnering with suppliers who adhere to sustainable land management practices. Through these actions, we strive to contribute to the conservation and sustainable management of terrestrial ecosystems, combating desertification, and halting biodiversity loss.

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

7 - Strongly Agree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

Ticketye is committed to promoting peaceful and inclusive societies for sustainable development, as outlined in Sustainable Development Goal 16 (SDG 16). We believe that access to justice for all is essential for building trust, fostering development, and ensuring equality. We support initiatives that promote peacebuilding, conflict resolution, and the rule of law. Additionally, we strive to build effective, accountable, and inclusive institutions at all levels by adhering to ethical business practices, promoting transparency, and fostering diversity within our organization. Through these efforts, we aim to contribute to the creation of a more just, peaceful, and inclusive society for all.

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

Ticketye is committed to strengthening partnerships for sustainable development, as outlined in Sustainable Development Goal 17. We believe that collaboration with diverse stakeholders is essential for addressing complex challenges and driving progress towards the SDGs. By engaging in multi-stakeholder partnerships, supporting capacity building, promoting knowledge sharing, advocating for policy coherence, and encouraging responsible business practices, we aim to contribute to the achievement of the SDGs and create a more sustainable future for all.

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

2

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

3

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

4

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

6

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

6

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.

5

06.08 Justification for my startup

Our product/service addresses a demand or need that has not been fully met by existing offerings. Through market research and customer feedback, we identified a gap in the market where our solution can provide a unique value proposition. This unmet need presents us with an opportunity to offer something innovative and differentiating, positioning us as a desirable choice for our target audience.

06.09 Competitive Analysis

In the context of Ticketye, ourl main potential competitors include existing ticketing platforms and travel agencies offering bus ticketing services. What makes Ticketye stand out is its focus on providing a seamless and user-friendly bus ticketing experience tailored to the needs of our target audience, including university students, traders, companies, and frequent travelers around Addis Ababa. Unlike traditional ticketing platforms, Ticketye offers a web-based reservation system that allows customers to easily book and manage their bus tickets online, saving time and effort. Additionally, our partnerships with reputable bus companies and integration with Ethio-Tele for call center and Tele Birr services, as well as banks for selling IPO shares, ensure a reliable and convenient booking experience for our customers. Our commitment to customer satisfaction, coupled with our innovative approach and strategic partnerships, sets Ticketye apart from competitors and positions us as a leade

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