Office Supplies Comparison Website Mint Price Unveiled as North East Business Awards Finalist

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Newcastle-based office supplies comparison website Mintprice.com has been shortlisted for the Innovation Award at this year’s North East Business Awards.

“Now that big brands like Compare the Market and Go Compare have been established, everybody understands the technology and is more open to a new approach.”

Comparison website newcomer Mintprice.com (http://www.mintprice.com) has been shortlisted for an award at the upcoming North East Business Awards. The site – which compares the price of office supplies and stationery to find the most cost efficient supplier – is one of three candidates for the Innovation Award, which seeks to identify the region’s most innovative new product or service.

Mintprice.com launched in 2010 offering the internet’s first office supplies and stationery comparison website.

The concept behind the site – which is owned by Bestpricepurchase Ltd. – was first conceived by Elie Jankelewitz in 2001, who successfully filed a patent in the United States. A European patent is currently pending. Lagging technology acceptance however prevented the company moving forward.

“We were too early for the market,” explained Jankelewitz. “No-one had heard of web-based price comparison sites in 2001, and we did not have the budget to educate the market.

“Now that big brands like Compare the Market and Go Compare have been established, everybody understands the technology and is more open to a new approach.”

Mintprice.com is more than just a replica of these other comparison websites though.

“What we have invented is more powerful,” Jankelewitz explains. “Other price comparison sites compare prices on a single item at a time. Mintprice.com compares the price on a basket of products from multiple suppliers. It works for office supplies and stationery, grocery shopping or indeed any category where multiple items are bought by the basket.”

The Mintprice.com site currently offers a full catalogue of 20,000 office supply and stationery items. Savings for SMEs are estimated at 25-50% while larger businesses can save at least 15%.

The Northeast Business Awards are organised by the North East Chamber of Commerce and The Journal, Newcastle’s daily local newspaper.

In total, 90 finalists were selected across 10 individual categories, representing a wide range of sectors. Nominees range from the smallest start-up businesses to some of the North East’s largest companies.

The Innovation Award is sponsored by Newcastle University Business School.

In response to learning of the shortlisting, Nigel Hudson, Managing Director of Bestpricepurchase Ltd., said: “To be shortlisted for the award is a fantastic achievement for Mintprice.com. Since our full launch in 2010, we have won over 4,000 customers and we have doubled sales turnover consistently for the past three years.

“Mintprice.com has the potential to disrupt the office supplies and stationery market, saving our customers time and money, as well as enabling businesses to buy locally.”

Joining Mintprice.com on the shortlist are QuestUAV, an airborne photographic service that uses unmanned drones, and Tharsus Group, specialists in the design and manufacture of complex electro-mechanical products.

The winner will be announced at a black tie dinner event to be held at the Marriott Hotel in Gosforth Park, Newcastle upon Tyne, on March 21.

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