Alternative Finance Vehicle for Student Start-ups How is Crowdfunding Fostering Innovation at Universities and Colleges? For Early Stage Finance & Student Startups Crowdfunding Traditional Funding Free of Ownership/Control issues They call crowdfunding “stupid money” Indian Consumer Oriented Profit Oriented Cost Free Marketing Generally money used for marketing Distribute Publicity materials as rewards Branding costs additional Best Market Research Tool Better for Valuation Get ‘Angle Consumers’ n/a Proof of Value Proof of Expected profits Success Stories… Professors thought it can be a handy tool for their students at Kutch & Kadi While working on motion sensing devices, her cupcakes found many takers Took workshops and did demos btw more than 4k students Success Stories… Sent daily post cards and personal video messages Interesting rewards like selecting Rally car number Achieved pre-sale of more than 400 dvds CFI Boot Camp “Zero liability start-up funding and impart ‘skills’ to pitch Indian dreams and products.” - CFI CFI 2.0 Bootcamp & More… Registration and Passion of Project Creator IPR & Legalities Selection Training Launching 2 week Boot-Camp: Ideate, Incentives Pitch Video & SMO Campaigning Institutions take Pride And 2 day Work-Shop: Incentives And Pitch Video Build Local ‘Heros’ CFI 100 GUJARAT (June-July 2015) 580 colleges under GTU 80000 Final year Projects 95% Student start-ups die due to lack of less than Rs. 10 Lacs 100 Projects convert into Start-ups via Crowdfunding Rs 51 x 1000 = Life changing amount for many Get 100 test users to pay: ANGEL CUSTOMER -CFI Manual “Development of Policy Framework for Innovation, Student Entrepreneurship & IPR” “Crowdfunding in Gujarat Industrial Policy 2015” “Crowdfunding is like betting against the odds” Thank You! Ateet Bajaj ab@start51.com M: +91 9824479002
© Copyright 2024