How Techies With Ideas Can Raise Venture Capital To Start Up A Biz
Once you have raised the necessary venture capital to launch your innovative new technological concept or service into the market, you’re set for success, right? Wrong! A study that has recently been concluded at a world-class university showed that start-up businesses with no venture capital had a 70% greater survival rate than the ones who kicked off with venture capital. This is just one of the astounding facts that came to light during the launch of Business Beat, which took place at The Innovation Hub on the 3 November 2008.
“Business Beat, a new Maxum initiative, will serve as a platform from which ICT entrepreneurs with viable innovative technology concepts or services will be successfully elevated into the market place,” explains Dr Jill Sawyers, Manager of Entrepreneurship at The Innovation Hub. “This will be done through matching these entrepreneurs with MBA Students as well as a consortium of knowledgeable and relevant institutions and entities that could aid them to shape their innovative ideas into solid, profitable businesses.”
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