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Designing the Service to Improve the Investor Readiness of Start-ups

Project description

Assisting start-ups pitch for investment

In the business world, an elevator pitch could make or break a start-up. It’s about making the right first impression and sparking interest in your company, raising money from investors. It’s not easy. This is why the EU-funded InReady project will organise Business to Investor (B2I) matchmaking events, where start-ups can meet investors and have the opportunity to present their business ideas and attract funding for their company through great presentation ('pitching') skills. Since the competition is very high, companies must prepare exhaustively for such meetings. To assist the start-ups, project partners aim to design a new service for checking the company’s readiness and proposing an action plan for improvements.

Objective

The one of the main challenges for the start-ups is the lack of funding for their business ideas. And this situation forces them to seek funding from private sources and especially venture capital (VC) funds. Thus, start-ups seek to participate in Business to Investor (B2I) matchmaking events where they can meet investors and have the opportunity to present their business ideas and attract funding for their company through great presentation (“pitching”). Since the competition is very high, companies must prepare exhaustively their presence in such meetings. Start-ups tend to forget to present the important parts of the Executive summary, the presentation is missing crucial data, “elevator pitch” focuses on the wrong matters. Moreover, they need guidance from experienced consultants on how to present themselves better.
To assist the start-ups, project partners aim to design a new service to facilitate investment readiness utilizing a new webtool for checking the company’s readiness and proposing an action plan for improvements.

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Programme(s)

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Topic(s)

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Funding Scheme

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CSA - Coordination and support action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-INNOSUP-2018-2020

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Coordinator

VIESOJI ISTAIGA LIETUVOS INOVACIJU CENTRAS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 60 000,00
Address
T. Sevcenkos 13
LT-03223 Vilnius
Lithuania

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Region
Lietuva Sostinės regionas Vilniaus apskritis
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 60 000,00

Participants (2)

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