5 Flashcards
What are the different stages of company development that require different kinds of support?
The different stages of company development that require different kinds of support are: foundation phase (or seed stage), start-up and growth stage, maturity stage.
What kind of support do companies typically need in the foundation phase (or seed stage)?
The kind of support that companies typically need in the foundation phase (or seed stage) includes: consulting and coaching, access to networks, reduced rental space, office space and infrastructure, start-up capital.
What are the typical needs for support in the start-up and growth stages of a company?
The typical needs for support in the start-up and growth stages of a company are: further capital for expansion of business activities, consulting on adapting internal structures and management systems, external support in accessing new markets.
What kind of support might established companies (in the maturity stage) require?
Established companies (in the maturity stage) might require: capital for investment activities, bridging existing liquidity bottlenecks by borrowing capital.
What are the typical forms of financing for the different phases of a company?
The typical forms of financing for the different phases of a company are: In the beginning: capital contributed by the founder, family and friends’ contributions, support services, public programs, private investments, in the start-up phase: public and private programs, corporate venture capital, in the growth phase: entrepreneurial investments, public programs, in established companies: bank loans, equity investments.
What is the definition of an incubator?
The definition of an incubator is: “institutions that set up and support companies on the path to setting up a business.”
What is the claimed advantage of start-ups originating from incubators in terms of survival rate?
The claimed advantage of start-ups originating from incubators in terms of survival rate is: a survival rate up to 85% higher than the average start-up.
How are incubators typically financed?
They are typically financed by: the taxpayer, associations, and the private sector.
What is the primary focus of an accelerator in supporting founders?
The primary focus of an accelerator in supporting founders is: coaching, helping start-ups develop rapidly within a specific timeframe.
What is a start-up boot camp, and what kind of support does it offer?
A start-up boot camp is: a time-limited program to support start-ups in developing a market-ready offer, it offers knowledge, resources, jobs, networks, strategic support, and coaching.
What is the unique aspect of crowdfunding as a form of support?
The unique aspect of crowdfunding as a form of support is: that a large number of people support a project financially, making it possible.
What is the main advantage of crowdfunding for founders?
The main advantage of crowdfunding for founders is: that it is a fast and uncomplicated way to get money.
What is the potential disadvantage of crowdfunding for investors?
The potential disadvantage of crowdfunding for investors is: that they have to expect a total loss of their money if the project fails.
What are the different forms of crowdfunding and their corresponding compensations for investors?
The different forms of crowdfunding and their corresponding compensations for investors are: Classic crowdfunding: non-financial rewards like prototypes, Donation-based crowdfunding: no consideration in return, Crowdinvesting: equity-like investment with potential returns, Crowdlending: granting a loan with a fixed interest rate
How can the three forms of support (incubators, accelerators, crowdfunding) be allocated to the different phases of business development?
The three forms of support can be allocated to the different phases of business development as follows: Incubators: period up to market launch, Accelerators: from foundation to development phase, some also cover the transition from start-up to growth phase, Crowdfunding: from start-up phase through development, ending when the company enters the growth phase.
