To do so, the Openfund enables you to quit from every other activity you have undertaken and focus just on your team, skills and idea, instead of wasting your limited time and resources into activities you are not productive or expert at, to finally turn your start-up dream into reality. Specifically, among others, the core benefits the Openfund provides to entrepreneurs are:
A Smooth Start
You are provided with full legal and taxation support, to get incorporated in day one and start working and getting treated as real businessmen. Openfund will also find you proper working space, if you need so, next to providing solutions into other, smaller or not, common problems that used to keep you away from a smooth start.
Extensive Advice
Openfund has secured consulting services from a pool of advisors on all aspects related to starting-up. Particular effort was put into building a group of advisors that brings together excellence and track record, in both local and international markets. Advice is granted free of cost. Among others, areas of advice include the following:
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Technology
Advice refering to the latest technological advancements, software platforms and tools for web site integration.
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Business Development
Special focus will be provided into transforming technological solutions into appealing products, by involving advisors of great experience and expertise on the topic.
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Sales & Management
Top executives of software and internet related firms, as well as business consulting firms of international recognition.
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Accounting & Legal
Advice covering all issues that arise as the consequence of the financial and legal rules placed by the environment in which each company is eventually founded.
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Marketing & New Media
Providing guidance and leveraging on the advisors' personal network of contacts to get the maximum coverage in both new and old media.
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Investor Community
High ranking representatives of investment firms or funds, that can provide valuable advice on an entrepreneur's needs for further funding, next to connections among their circles.
Seed Funding
The Openfund provides each start-up with a seed capital ranging from 25.000 to 35.000 €. Such an amount is considered capable of supporting all expenses of the founding team for a seeding period of 4 months, allowing you to focus into turning the initial idea into a prototype or a product. Moreover, the number and interference of high ranking representatives from the venture capital world among the Openfund's advisors are designed to result into tangible opportunities for further investment.
Follow-up
The end of the incubation period does not result into the discontinuance of enjoying the Openfund benefits, far from it. Actually the Openfund is committed into securing an amount of its resources for expanding its support to the alumni start-ups and their growing pains, including each one of the above benefits, and most importantly support on legal and taxation issues, advice on growing matters and further funding.