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When over-exuberant entrepreneurs or venture capitalists tout Australia as a startup nation, especially given the recent shift away from traditional sectors and the mining...
Crowd funding has come a long way from its origins backing struggling rock bands. It has proven to be a highly successful vehicle to raise funds for disaster relief, philanthropic activities, supporting bloggers and website operators, political campaigns,software development, and scientific research. The next frontier is capital for start up companies.
In my previous article, I discussed that companies with access to capital will have a competitive advantage in the marketplace, even though capital is going to be harder to come by. However, while capital raising can provide a myriad of new opportunities and strong competitive advantages for your business, it is not necessarily a panacea for whatever malaise your organisation might be experiencing. It might sound like an obvious statement, but getting people to invest in your company requires a great deal of preparation – yet there are still plenty of companies that eschew the necessary groundwork.
The Federal Government has just launched a new grant for third party service providers to help small and home based businesses with: • ‘free or low cost’ IT skills development • training and mentoring services • improved web presence and e-business capability Funding is available up to $500,000.