NewTechRail developed a technology for opening rail switches without creating arcs, this will save the world 70 billion dollars per year.
Country: South Africa
Weight Class: Middleweight
How would you explain your startup model to your neighbour?
Jan Jooste: “I use electricity to stop electricity. But it’s pretty hard to explain such a technical concept.”
How difficult is it to make a mark on such an established industry?
“The benefits of my technology will convince them to cooperate with me. I can save them billions.”
What are you hoping to achieve with Get in the Ring?
“Easy access to big companies such as Siemens and General Electric.”
You seem to be a bit older than the other participants. Do you think your age has an impact, positive or negative?
“Do you really think I am older than the rest? Ok, yes, I’m almost 59. I think I benefit from my age and experience because this game is seriously big. Age helps to better position yourself. And I’ve got serious networks.”
What is your first impression of Medellin?
“I love it, those little buses that drive people around, they sound and look like if you are in some kind of fantasy land.”
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About Get in the Ring Foundation
The Get in the Ring Foundation is an organization that gives startups a fun and global podium to make valuable connections to innovators to grow and scale up their business. We are active in 100 countries and work together with leaders of entrepreneurship ecosystems around the world. Get in the Ring is known for its innovative format where startups face off in a boxing ring.