Map Project, which is part of Urban ICT Arena, is one step closer to solving the challenge of 4 billion people.
Stockholm-based startup, Map Project, has made it through to the finals in the Venture Cup East startup competition 2018. Competition was fierce this year – almost 430 startups participated, but only 10 projects for each region were chosen. Yesterday, Karoline Beronius, Map Project´s CEO, presented the idea behind Map Project to the jury, who will decide who will be this year’s winner.
Map Project is developing a mobile app that allows people to digitally register a physical addresses. For many people around the world, an address is more of a description than an exact address and many people are not aware that a lack of addresses is a real challenge for an estimated 4 billion people around the world.
“Without proper addressing systems, individuals cannot exercise their civil rights, gain access to products and services or even explain to emergency services how to reach them. It also causes a lot of inefficiency and many business opportunities are missed,” says Karoline Beronius, Map Project´s CEO.
Map Project believes having an address is a civil right, and will never charge individuals for registering and using an address. Map Project offers Addressing As a Service for commercial use in eCommerce and delivery services.
The team behind Map Project hopes that the Venture Cup startup competition will lead to further opportunities and a chance to develop the solution further. Each year, startups from all over Sweden enter the Venture Cup Startup competition. After the pre-selection, 10 finalists on the regional level will compete for four prizes – Impact Maker, TopTech, Game Changer and Student Superstar, each prize comes with an SEK 50,000 reward. Regional finals for Venture Cup East will take place on 24th May at Konserthuset in Stockholm.
Best of luck to the team at Map Project!