IdeaPros has introduced a partnership program that offers funding and mentorship support to aspiring startup founders in exchange for a minority position in their venture. The program involves a thorough review of a business idea by members of the company’s advisory team.
More information is available at https://www.ideapros.com/start-now
Angel investor groups are made up of high-net-worth private investors who pool resources and use them to back early-stage companies. The Securities and Exchange Commission regulates these groups and has set rules that limit participation to accredited investors.
According to an IdeaPros spokesperson, getting the backing of these organizations entails having a company that is already operational. “This means that one has to show a working product and sales to prove that there’s a market for it. Ideas alone will not cut it.”
IdeaPros was conceived to fill a gap in the market for programs that offer training and funding support to prospective entrepreneurs in the idea stage. “Right now, we are the only company that is willing to bet on a concept,” the representative added.
However, they warned that getting the nod of IdeaPros’ advisory team requires submitting oneself into a rigorous review process that typically lasts for 30 days.
This process begins with an elevator pitch that, when accepted, will allow the applicant to submit a formal pitch, which will be prepared with the assistance of a dedicated advisor. The pitch will undergo the review of IdeaPros’ advisory team, who will evaluate both the idea and the proponent’s potential for heading and growing a company.
The program culminates in a partnership offer, which involves giving IdeaPros a minority stake in the planned venture in exchange for its services. IdeaPros will handle every stage of the launch, including product design, manufacturing, branding, and promotion.
To date, IdeaPros has been involved in the creation of over 350 new startups in a variety of industries.
“In six short weeks, IdeaPros has helped us move from an idea on a napkin to a fully developed partnership agreement,” one partner stated. “We are so grateful that they saw our motivation and have met us with eagerness and professionalism.”
For further details, interested parties are advised to visit https://www.ideapros.com
99 Wall Street, Suite 3775
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.