Business owners at their earlier startup phase can go for Incubator programs as a funding option. As Business incubators in India, Icreate not only help in funding the Startup Incubators but also work as an entrepreneurship mentor for a business as well as startup & entrepreneurs. Where to Go In India, popular business incubator is ICREATE. ICREATE stands for International Centre for Entrepreneurship and Technology. ICreate facilitates the incubation of the business idea and convert the idea into a feasible concept to develop it and acquire initial customers. This will involve funding also. The Spark-Up Idea Fund is designed with an aim to Seek & Amplify the entrepreneurial traits of aspiring student entrepreneurs, wherein deserving ideas/projects would be supported and funded up-to Rs. 50,000 each. This is a unique opportunity for students to take their technovative idea to the next level. ANGEL FUNDING by iCreate provides early stage and seed funding to gain better valuation for the start-ups before a venture capitalist enters.
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Hello Everyone, If you haven't read my previous blog about For Startup Business and Entrepreneurs, How to avoid funding rejections? than here is the link to it. This is the continuous part. Let's Continue... Research After making list of the investors and VCs who can provide you sufficient fund it comes to do research on them. Make sure you know everything about them. Like their track record, past promotions and promoters, organizations that they have funded before and many other things that can give insight and knowledge about them. Even meet the people and organization that they have funded, check the internet about their information, etc. How to Contact “First impression in last impression”, Hence try to make first impression last longer. To do that find a credible intermediary, be it an entrepreneur, startup, or any organization that they have funded, renowned professional who is common contact and associate or anyone who is known to both. You have to make sure that you provide a proper briefing to the person whom you meet. Business Plan This is the most crucial and critical stage because investors get many plans and proposals, therefore rejection rate is very high. Make a plan that is error-free, succinct and concise. Make a list of the idea, product, how it will grow, its USP (Unique Selling Point), Current market approach, team members and their expertise, completed product and beta customers, Review and analysis about the product. Prepare for Meeting If your plan passes through starting stage and you get a chance of meeting, than be prepared to answer all the questions. Be precise, accurate and ready to cover any aspect that investors may want to discuss. That means that you must cover all the area and be ready for anything that you might have forgot to cover. For more detail get in touch with us: http://icreate.org.in/ https://icreateorginblog.wordpress.com/2017/06/20/for-startup-business-and-entrepreneurs-how-to-avoid-funding-rejections-part-2/ |
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