Revent : Sustainable device subscriptions for businesses
Problem: The world is grappling with the dual challenges of escalating electronic waste (e-waste) and the high costs associated with technology acquisition, especially for small and medium-sized enterprises (SMEs). Over 48 million tonnes of e-waste are generated annually, with much of it improperly recycled, leading to severe environmental degradation and resource depletion. Meanwhile, SMEs, which form the backbone of many economies, struggle with accessing high-quality technology due to substantial upfront costs, hindering their growth and innovation potential. Implemented Solution: Revent addresses these challenges by providing a sustainable solution that repurposes pre-owned electronic devices and offers them to SMEs on flexible monthly subscriptions. This model significantly reduces e-waste by extending the life cycle of electronic devices and makes high-quality technology accessible to SMEs at a fraction of the cost. Revent’s cloud-based technology ensures that the best-used products are efficiently matched with businesses’ needs, providing a cost-effective and environmentally friendly alternative to purchasing new devices. This approach not only mitigates e-waste but also empowers SMEs to innovate and grow without the financial burden of expensive technology investments.
Climate And Environmental Technologies
Technologies for the healthy environment
The estimated duration for implementing the practice is 6 months, based on previous similar projects where initial planning, stakeholder engagement, and execution were efficiently managed to achieve the desired outcomes within this timeframe.
The project will be implemented across the UAE and KSA, with a focus on key urban centers such as Dubai, Abu Dhabi, Sharjah, Riyadh, and Jeddah, where there is a high concentration of SMEs in need of sustainable technology solutions.
Competitive Advantages: Revent differentiates itself by offering pre-owned electronic devices on flexible subscription models, specifically tailored to meet the needs of SMEs. This approach not only reduces upfront costs but also ensures that businesses have access to high-quality technology without the burden of ownership. Unlike competitors who focus on new devices, Revent’s emphasis on pre-owned, certified devices supports sustainability by reducing e-waste. Furthermore, our rapid delivery times, marketplace model, and software pre-installation services provide unmatched convenience and efficiency, positioning Revent as a leader in both cost-effectiveness and environmental responsibility in the tech leasing industry.
Awards and Prizes: a. Future100 company award by Ministry of Economy, UAE b. Startup Spotlight award by DIEZ free zone authority c. Ambitious Startup award by Etisalat Mentions: a. Khaleej Times - https://www.khaleejtimes.com/business/tech/your-search-for-trusted-used-electronics-ends-at-revent-2 b. Entreprenuer Middle East - https://www.entrepreneur.com/en-ae/entrepreneurs/revent/466587 c. Wamda - https://www.wamda.com/2024/05/revent-raises-900000-pre-seed-bolster-ksa-expansion-plans
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