Start 51 in association with Gujarat Technological University launching India's First Residential Crowdfunding Bootcamp, "Crowdfunding Initiator".
City, State, Country., June 12, 2014 - (PressReleasePoint) -
A Four week summer boot camp that will take only 10 selected projects from Ideation to Funding. A first hand-holding workshop for Innovators and Artists who want to raise money and empower their dreams by reaching out to the crowd. Start 51's vision is getting great support by The Honorable Vice Chancellor Sir Gujarat Technological University and the Core team at Gtu innovation Council & the feet on the ground of S4 Student Start up Support System Events.
Why: Crowd-funding is the practice of funding a project or venture by raising small amounts of money from a large number of people. More than 90% of student start-ups, based on good ideas and prototypes, die a premature death despite having a huge potential. Most of them also suffer from incomplete market research. Crowd-funding permits the use of the connected world as a market research tool for innovative ventures, which want to find their target consumers. By using crowd-funding a budding entrepreneur can market the concept to numerous stakeholders, can get insightful inputs from them and can obtain help in product validation. In addition, of course, Crowd-funding can help raise funds during the crucial phase of product development. Crowd Funding Initiator (CFI) is an effort to make the potential entrepreneurs & innovators funding-ready through use of this internationally successful tool called "Crowd".
How: The month long module will include focused sessions with industry experts, case studies, mentor session and hands-on-exercise on different aspects of crowd-funding with selected finalists. During these four weeks experts let At the end of the program, all the selected finalists will go live on a dedicated crowdfunding platforms and not only learn how to get funded but "do-it themselves". Also a mega public launch of crowd-funding projects in Gujarat will be attempted.
One more step, towards the creative liberation of India!!
For more information please see this circular on GTU site (if you go thru it you will realize the power of crowdfunding)