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Published byAngelina Chase Modified over 9 years ago
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Starting point We had: Prototype / Technology Test Market Feedback of First Customers 2 Patents Basic Team Some Business Know-How Fun… We needed: Legal Company Business Plan Start Money / Investors Offices / Labs Production Rooms Founders Team
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Starting point Easy to get: We needed: Legal Company Offices / Labs Production Rooms
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Starting point We needed: Business Plan Start Money / Investors Hard to get:
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Starting point We needed: Founders Team Most important: which never gives up, and sticks together in any situation
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Factors for Success
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Fruitful Environment (Munich…) Good Human and Financial Resources Good External Support Talk to your Customers (internet marketing is not enough…) Patience and Persistence The TEAM Do it!
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External Support MBPW: Munich Business Plan Competition – 1. rank 2001 ODEON: help from students within the MBPW FLÜGGE: support program of bavarian government Nothing else than selling our Products
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External Support: MBPW 2000/2001 Münchner Business Plan Wettbewerb 2001: Competition of 167 Teams Seminars Jour Fixes Competition, Team Building! Complex Network of Advisors, Consultants, Investors (for free) Screening of Business Angels, Start-Funding Publicity Attention at the University Business Plan
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