About

TEN06 is a technology and consulting company that combines industry know-how with key technologies in order to provide solutions for complex business needs. We innovatively develop application components that accelerate digitial transformation in the travel & tourism, agriculture and retail sectors. We speed up comprehensive systems development in those sectors with less cost, ensuring adaptation to industry standards and we tackle the scarcity of development resources needed.

Solution & Product

The strategic product of TEN06 is the innovative TEN06 Business Block (BBlock), addressed to SMEs of the Travel and Agricultural industries. BBlocks are autonomous and flexible applications to be used as building blocks, allowing fast development of comprehensive and individualized applications. Different BBlocks are in the pipeline of development to address requirements that are common between enterprises of each target domain. The first TEN06 Ferry content BBlock has been developed for the Ferry industry to provide a ready-to-use application managing the content needed for Travel agencies, addressing the growing needs for more digital content and the fast adaptation to frequent variations due to changes of commercial policies or regulations. It includes implemented source APIs which can be extended according to the needs of the client, the mechanism that homogenizes the content according to the industry business flows, along with a registry database and interfaces to 3rd party systems (e.g. accounting). They are cloud based, using appropriate technologies for increased security and performance. It is parameterized to cover individual's needs and offered in different flavors to cover needs of OnLine Travel Agencies, marketplaces and medium-sized traval professionals.

Innovation & Scalability

The innovation of TEN06 BBlocks is the combination of business knowledge, practical know how and technology that leads to elimination of complexity (time, uncertainty, lack of resources) to build business applications. BBlocks cover needs that are common in multiple players in an industry of focus (travel& tourism, agriculture), introduce the modularity and flexibility needed to cover particular needs of each client and support the interoperability with other application components to build fully functional systems. In the travel sector, we emphasize in ferries and daily activities. We target professionals in Europe: (a) large OnLineTravel Agencies who wish to include Ferry or daily activities in their booking engines, (b) marketplaces or travel platforms, (b) medium-sized travel agencies. In the agricultural area, the BBlocks address the interoperability needed in traceability and the interface between digital farming and MISs. We target large large farmers, cooperatives and food industries from Greece.

Traction & achievements

Within its 18months of operation, the company set its business model, set the foundmentals of its operation and has already started marketing its products and services. The company employs 5 people (incl 4 developers) and established a branch in N.Greece. TEN06 formed a strategic alliance with the consulting firm ena growth consultants in order to share know-how and formulate the needs of the agriculture industry through their 3.500 clients of primary and secondary sectors, which eventually will lead to the design of corresponding BBlocks. The TEN06 FerryBBlock has been developed. The company undertakes the development of the booking engine of an OnLineTravel Agent. The TEN06BBlock for daily activities has been designed. TEN06 is a member of a technology cluster (emtCluster) in N.Greece consisting of 18 technology companies and 3 universities. TEN06’s founder designed the strategy of the cluster and he is emtCluster’s strategy coordinator. The company has implemented successfully several web applications and delivered 2 consulting projects.

Team & Why Us

Our business proposal covers uniquely emerging needs of the market: (i) increased demand (especially after COVID) of fully digitized operations to shorten time-to-market, (ii) digital transformation is not only a matter of technology but merely a matter of process reengineering and (iii) the scarcity of development resources. The team consists of the founder Giorgos Papastamatiou (30 years of experience in running technology companies and business development, deep experience in the travel technology in Europe and very good knowledge of the Greek IT ecosystem), Dr Penny Nikolaidou (applications development manager, with 8 yrs of experience in algorithms building and APIs development), one junior and two entry-level developers and 1 junior sales person. The company strategically relies on alliances with experts in several domains (agriculture and agrotechnology, IT developers, Infrastructure experts), in order (a) to accelerate the building of its products and in parallel transfer know-how to the internal team, (b) to associate with experts to design the right TEN06 BBlocks.

Funding Needs

The needed funding will accelerate the growth of the company and it will cover: - Human resources (additional developers, senior sales person and project managers) - patents and product management - marketing of the products developed.