Hungarian venture capital agency Creative Accelerator and INPUT organised a competition called “Creative Pitching Day” for startups to promote their project ideas and attract investors’ attention. One of the most promising projects of the EEE Entrepeneurship Course, PriceMind, has been selected among the 6 most attractive project ideas to be presented to the investors, at the event that took place on the 16th of November.
The team is working on a marketing service that could yield significant statistical insights for companies into their competitors’ prices. The software monitors the prices in the competitors’ webshops and collects these data into tables and figures. This information could help to making better pricing decisions.
In recent weeks, significant development in the software has been carried out. Thus, the mentors suggested the team to submit their project idea to the competition, that is not only an idea any more. At the end of the selection process, PriceMind has been selected and had the opportunity to demonstrate their project concept to a board of potential investors.
Although none of the participants received investment offer, taking part in the Creative Pitching Day gave the team new impetus and provided significant insights from the investors’ point of view. PriceMind is now searching for potential users, who will use the software for 2-3 months test period. Negotiations with 3 companies has been started. During this phase the team expect feedback from users to further improve their software and validate the concept. Hopefully, their service will be available for a wider range of companies soon.