Thanks for taking the survey!

Your score is

Your business stage is EARLY STAGE.

Congratulations!

Having your value proposition completed, you need to focus on your customer journey map, and start engaging with real customers. Therefore, your main need is to ensure resources to develop a minimum viable product.

Depending on your business model (either B2B or B2C), here are the best available financing options:

1. Online Competitions

Competitions or challenges are an increasing format to access to funding, exposure and networking for a start-up growth. www.f6s.com is the most important web portal, which regularly publishes, among all, main competitions & challenges happening around the world.

An increasing number of challenges are promoted and managed directly by large companies, which find it a very useful channel to access external ideas, and a fast & cheap way to outsource internal challenges through market scouting. If your growth strategy comprises not only access to finance, rather also access to clients through which scale-up your business, then this is a very recommended format to explore.

2. Grants and Competitions

→ Register your company to the Switchers Platform and have access to grants and competitions info in your region!

3. Donation – Reward Crowdfunding

Why?

→  Funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet (donation crowdfunding platforms: Kickstarter, Indiegogo, RocketHub, Zoomal). Individuals donate towards a specific project with the expectation of receiving a tangible (but non–financial) reward or product at a later date in exchange for their contribution.

Important to know:

→  If you are on B2C crowdfunding it’s likely to be an interesting option to raise funds for product development; gain market exposure & recognition for your solution (pre-orders); find early adopters.

How to finance your crowd-funding campaign ?

Important to know:

→  The SwitchMed programme developed a specific guide that addresses eco-entrepreneurs and eco and social initiatives in the southern Mediterranean, to orient them in the implementation of a crowd funding campaign: preparing a campaign, mobilizing a community, optimizing the transformation, carrying out a campaign, and creating loyalty in a community.

→ To access the guide and work on the concrete actions you have to take to launch your crowdfunding campaign