What's the big idea?
Imagine pulling into a downtown parking spot, getting out of your car, and never worrying about getting a ticket again. Sound crazy? We’ve built a patent pending transponder and companion app that makes this a reality. Just park autopay and walk away. The fetchbox will take care of the rest.
Describe the nearest player in your field.
Parkmobile is an app-based service with which drivers manually select, confirm, and pay for parking spots via their smartphone. The app is clunky and tickets are still issued to users. It’s driven by manual data entry, which means it’s still wasting the driver’s time when they park.
How are you different from that player?
We believe the future of parking lies in a fully automated experience - auto-pay and walk away - without the need to manually enter information every time you park. Our transponder ensures payment even if your phone dies or breaks ext.
How does this idea scale into a big business?
Parking is a global frustration in need of a solution. Fetchpark plans to do for parking what E-ZPass and FasTrak did for tolls: solve an everyday problem via cost-effective technology. City by city, we can update parking to the 21st century.
Why are you the one to run with this idea?
As serial world travelers and lovers of the road, we know the insanity of city parking all too well. We’re excited to put our successful entrepreneurial track record to work for a cause that can help millions of people get more things done and experience less hassle in their daily lives.
What is a $5,000 experiment you can do to move your idea forward?
$5,000 will enable us to initiate production on our first transponders in our first test market of Providence, Rhode Island. From there, the sky - err, road is the limit!