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Need help, Venture Capital for IT app


SurferMan

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Hi all,

Does anyone know of decent companies that I can approach with an idea to get VC finance to build a revolutionary new app?

Cheers

Paul

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No don't know of anybody but wish I did as it sounds very interesting. If I win lotto this week I'll give you a shout.LOL.

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What about crowdfunding? Isnt that the way people go now a days?

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Hi all,

Does anyone know of decent companies that I can approach with an idea to get VC finance to build a revolutionary new app?

Cheers

Paul

It depends on how much capital you need to raise. Are you talking tens / hundreds of thousands or millions?

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Hi Surferman

Why do you need VC because once you have a financier in place they ówn' you and a portion of your IP.

I'm sure you are aware of the Government Grants available for innovation and commercialization.

http://www.business.gov.au/grants-and-assistance/Pages/default.aspx#

However it will depend where you are in product development phase. Can you show a working prototype? Can you already show that there is a market waiting for your product? Do you have potential customers that are early adopters etc? Besides your product I assume you already have a business model that has been tested against those early adopters?

An alternative is to approach this innovation center. They often have workshops with a panel of VC that evaluate ideas http://www.innovation.wa.gov.au

Also there are regular Lean Startup meetings here: http://www.meetup.com/cities/au/perth/ and type in Lean Startup.

There are often Lean Startup bootcamps across Australia.

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Hey guys,

So I have four ideas that are approved by SAP. I am a member of SAP Startup Focus, so all my ideas are approved as valid commercial ideas.

The main idea is worth about $500million in it's first year alone, by our estimates. I need about $2m-$3m to build the prototype, but it has around 100 million customers ready to use it once built. I can show a prototype in action, and I have done the Business Case, the High Level Design, Function Design anf Detailed Technical Design. The business models for all four are approved by SAP, which is really hard to do. I have another three ideas ready to go, just need to focus on the first.

Another seven concepts are sitting in validation phase.

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Sounds interesting. Can't help but would love to know how it goes. Keep us updated!!

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Paul,

PM me. I am in commercialisation and on my way to Adelaide. I am contact with an Australian company focusing on startups and incubation. They have a good track record with CSIRO for instance which is the Australian government flagship for research and development.

Thanks

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Oh dear, I guess Kitty's $20 can go back in my purse then?

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Lol, sweet thanks Mara.

This is my shot at goals to make it big and leave the day job workforce in my wake. Then I can also stay home and homeschool the kids. Teach them to be real thinkers and entreupeneurs. Or something. lol

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Try these crowdfunding sites:

Kickstarter (one of the best known but they don't do personal causes)

GoFundMe

Indiegogo

YouCaring.com

Tilt.com

Also, visit this website: www.Crowdfunding-Website-Reviews.com

Good luck! :ilikeit:

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YESS!!!

Just got an email from the CEO of a massve Solar company, they want to talk! Let's hope I can make it big.

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Yay, if you get this we will need to change your "handle" from Surferman to Superman!

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Hahaha,

Nah, the idea is to give 10% to my church and then build our beach shack on the shore. Then around Australia for six months to a year. Then back to helping others. Would love to be a lay missionary and cruise rural Australia. :ilikeit: :ilikeit: :ilikeit:

Edited by SurferMan
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  • 2 months later...

HI SurferMan,

I need to contact you and forum msg's says you cannot accept new messages.. Alternative contact info, pls pm me

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