Group 4 Show Me the Money

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Group 4 Show Me the Money

  1. 1. Show me the money! 4
  2. 2. Challenges ? Savings Debt Banks Microfinancing Funds (like ICE) Venture Capital Grants Tax Breaks Current funding sources { €
  3. 3. Challenges Lack of available funds Confusion over how funds can be obtained Preparing entrepreneurs to start & run their own business € ? Focussed Issues
  4. 4. Inspiration Great idea, passion & energy Experience Limited business experience (1 year since idea generation) Resources needed Free advice, time, guidance, a business partner, funding & clear, accessible information Alison Sole trader looking to develop her business Developing a product, but not yet producing Applied for grants, but ineligible for various reasons
  5. 5. ChallengesSolution Fund specifically for startups Simplified application process and more accessible funds Mandatory mentorship and entrepreneurial training €
  6. 6. Dublin FundStartup
  7. 7. Challenges‘One-Stop-Shop’
  8. 8. Corporate Social Responsibility Contributions Securitisation Release Funds New Funding Sources Official crowdsourcing platform EU Horizon Fund Dublin FundStartup Individual Investment Rates 1% Contribution
  9. 9. → → → How it Works Individual comes up with idea for startup Meets with mentor to discuss potential funding options and feasability of project Existing funding options are explored, and the most suitable is pursued Startup Day1 Fast track → Feasable idea → Medium track → Idea needs development → Slow track → Unfeasable idea →
  10. 10. Policy & Service Changes +
  11. 11. Justin (Mentor) Mentoring the individual to prepare for funding Coaching around idea assessment, individual suitability and skills Encourage business training & skills development Unlock the mystery of starting a business in Dublin Help to develop business and feasability plans Advise on applying for relevant funding Further advice Sales marketing Cashflow support Roles (Stage 1) Roles (Stage 2) Business administration Developing staff team Justin (Entrepreneur)
  12. 12. Increased number of startups in Dublin Dublin FundStartup Inspiring entrepreneurship in Dublin Increased number of startups in Dublin Increased innovation Attracting new business & building a vibrant city Dublin positioned as ‘Startup City’
  13. 13. ChallengesMetrics of Success (over 18 months) Size of fund No. of new jobs created No. of sustainable startups €
  14. 14. Thank you €Dublin FundStartup

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