Fast Track Funding Flanders
This program helps young ventures improve their chances of success by leveraging the knowledge of seasoned professionals and entrepreneurs.
The challenge
In the Flemish technology-related sectors there is a tremendous proliferation of creative ventures that have strong growth ambitions. While many will manage to generate some revenues and perhaps become self-sustaining, very few will manage to grow rapidly and internationally.
The growth phase of a business can be a frightening experience for the entrepreneur due to the sudden burst in the demands on capital and expertise. The entrepreneur will have to deal with the accelerated speed of the venture, the changing market requirements, an expanded headcount, increasing competitive pressures and communication with different cultures internationally. Most will repeat the same errors that many entrepreneurs before them have made, which costs time-to-market and money – many of which are avoidable.
The approach
This program helps young ventures improve their chances of success by leveraging the knowledge of seasoned professionals and entrepreneurs. It caters specifically to ventures that have the potential to become regional or global champions.
A group of promising entrepreneurs with growth ambitions will come together and be joined by multidisciplinary coaches during the period October 2011 to April 2012. The format enables direct contact both in-person and through real-time Webinars, in order to share best practices, challenge ideas and receive direct feedback from experts and peers. This is not a cookie-cutter formula and neither is it a typical classroom format; on the contrary, the approach is decidedly hands-on and highly interactive.
You are the content, the format is the facilitator.
The goal is to help companies secure the funding they require in an accelerated timeline by:
- Avoiding the typical pitfalls
- Getting exposure to people with the money
- Developing presentation skills to create finely tuned pitches
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