What's the big idea?
Conpoto provides membership organizations the ability to offer “local currency” that enhances local spending and keeps money in the local economy. The combination of the Conpoto employer network and Conpoto’s technology allows local merchants to go toe-to-toe with national retailers and compete effectively in two very large markets; gift cards and the $46 billion employee recognition space.
Describe the nearest player in your field.
Gift Card Kiosks, TangoCard.
How are you different from that player?
Conpoto is a tool for organizations that are responsible for supporting their local community and constituents; Chambers of Commerce, PSD’s, Marketing Cooperatives, and other organizations focusing on local commerce.
How does this idea scale into a big business?
Conpoto has built an “out of the box” technology that can be distributed and deployed remotely. The SaaS based software will be sold by leveraging national organizations that distribute programs and services for affiliates as well as through a remote sales network.
Why are you the one to run with this idea?
The leadership team is comprised of long time entrepreneurs with a track record of starting, growing and strategically exiting small startups. Matt, Matt and Andy co-founded Conpoto, each of them coming from a successful startups in the diversified manufacturing and/or technology sector.
What is a $5,000 experiment you can do to move your idea forward?
Our goal is to make sure that the local investment in Conpoto yields exponential local investments across the country.