Eye Venture is a yearly competition, organized by eye (Encouraging Young Entrepreneurs), for young students and entrepreneurs, from Kosovo and the Diaspora, with innovative and compelling business ideas.
The goal is to promote the most outstanding candidates, invest in their convincing and promising ideas, guide them through the business planning process and help them convert their concepts into successful growth companies, with our management expertise and financial resources.
Today the private company EYE, founded by Vllaznim Xhiha – an experienced entrepreneur from Kosovo, who manage to sell his business established in the Swiss market to a bigger company and come back to Kosovo to support the local entrepreneurs, announced three new teams that will be part of the program which consist on support from experienced mentors, support on the business plan and idea development and potential investment in different stages.
Eye Venture has received 41 applications from different fields of the industry of Kosovo, and above 30% of applications by female entrepreneurs, while 9 out of them have been pre-selected, out of which 3 were announced as winners.
After Valmir Mustafa from eye presented the statistics from this year’s application window and after Vllaznim Xhiha explained what he has seen in the entrepreneurial community of Kosovo, where is says has seen the lack of responsibility for money of early stage start-ups, Drini Xhiha also from eye announced the three top teams:
Phronesis Technologies (PT)
Founded by Mergim Cahani, PT aims to make e-commerce possible in Kosovo and Albania, through three categories infrastructure/application platform, marketing means, and payment system. Further, in long-run, it aims to provide a competitive e-payment system to Central and Easter Europe.
There are three core products planned, one for each part of e-commerce listed above: an Albanian Search Engine, to provide marketing means, e-payment system, and standardized, template driven, web site hosting and development, to provide an easy and low-cost e-commerce ready online shop. The first product, the Albanian Search Engine, (currently in pilot/test phase) is scheduled to be released in fiscal year 2013/2014, whereas product two and three are planned for fiscal year 2014/2015. Phronesis was awarded with 2,000 Euros.
Surveillance equipment’s do not prevent crimes, while for this purpose EYE Security proposed to introduce live monitoring agents that help to monitor, manage, predict and prevent crimes and calamities. There are some firms in Switzerland using monitoring agents, but using them in Switzerland is very costly.
The approach that EYE Security has presented is to outsource monitoring agents in the low-wage country Kosovo, and achieve crime-prevention at low costs. Flamur Shala and Muhamet Veliu, Swiss-born Kosovars with market experience in Switzerland, are the founders of the company how are also owners of another business in Kosovo called Baruti, offering call-center services, like market research, order management, consulting, etc. They also received an award of 1,500 Euros from EYE.
A startup focused on producing equipment for heating/cooling housings and apartments, through geothermal energy and energy efficiency. The founders of the company are Bardh Zeka and Hana Hoxha, which have experience in this industry, while they already have initial clients and have also received an award of 1,000 euros from EYE today.