COMPANY: KURAZ TECH
FOUNDER (S): BIRUK MAMO: CEO and Founder of Kuraztech; Biruk Fekade – COO and Founder of Kuraztech
www.kuraztech.com
INSPIRATION TO START THE BUSINESS:
Many countries in the world actively use these technologies in some form or the other. In Ethiopia, however, a country with millions of students there is minimum use of ICT technologies. The primary reason being the lack of IT infrastructure in the rural areas; increasing cost of ICT deployments in bigger cities; and lack of professionals to provide this platform. Designing and developing technology systems is time consuming as well as quite expensive. Once deployed, these systems also have high maintenance costs.
Kuraztech seeks to provide standard and easy-to-use online educational products for high school and university students. There is a strong need of such web applications, which could be easily used by education industries in Ethiopia. Kuraztech seeks to bring the power of technology to the Ethiopian education system.
BACKGROUND OF FOUNDER:
Biruk Mamo is a software engineer and project supervisor at ADIKA. Biruk Fekade is a software engineer and senior developer at ADIKA
DESCRIPTION OF BUSINESS ACTIVITIES:
Kuraztech is a privately owned company, with headquarters in Addis Ababa, Ethiopia. The company will be evolving into a virtual organization with associates of the company functioning in a virtual team format. Associates would work from geographically different locations and Kuraztech would have its head office only in Addis Ababa. Associates would make extensive use of internet and technology to carry out business activities.
Kuraztech is a startup company. The company has been providing online educational videos, materials, instruction for the last two years. The goal of Kuraztech is to establish and create web application platforms with full of education and technology related contents.
– Years in Operation- Two
– Number of staff- Two
KEY CHALLENGES:
–Adequate working space
-Technology related equipment
-Financing
SOCIAL IMPACT:
The company will provide continuous learning, a core value in which Kuraztech strongly believes and which dictates all the policy making decisions within the company.
FUTURE EXPANSION PLANS
Kuraztech is starting a payment integrated service and expanding sales.
FUNDING REQUEST
Amount of Financing Needed (USD) – Approximately $50,000 USD