Crowdfunding platform and Startups 100 company Crowdcube is offering its first accelerator course for start-ups, the objective of which is to teach the owners of the businesses how to win crowdfunding.
The programme, worth £200, will also offer advice on writing effective business plans, pitches and investment proposals in bid to boost the financing opportunities for start-ups.
Crowdfunding works by giving entrepreneurs and business pioneers a new way to raise business finance by tapping into a ‘crowd’ of like-minded individuals willing to invest smaller amounts of cash in exchange for rewards and a stake in their business.
Benefits to investors include extensive EIS and Seed EIS tax relief as well as there generally being no investment fees, while the benefits to the start-up are that they have access to a platform full of thousands of investors and can also benefit from the advice and guidance these experienced and successful business people can bring.
However, as only one in four applicants get places on crowdfunding platforms, the organisers of the scheme hope to increase their chances by offering guidance from entrepreneurs who have already secured investment from the platform.
The owners of start-up businesses who attend the course will have a chance to pitch their business to a room full of investors and crowdfunders at the end of it and they will be guaranteed an immediate place on the Crowdcube platform.
The founders of Crowdcube also hope that all the entrepreneurs who attend the course will benefit from meeting investors and successful start-up owners face-to-face, as well as receiving practical guidance that will help them improve their chances of success to list and then raise finance on Crowdcube.
Accountant, Jon Stocker, specialises in offering advice, support and guidance on matters involving personal tax planning, business decision-making and business start-ups.