GamCrowd expands platform with Incubator launch
GamCrowd has moved to expand its gambling-focused, crowd-funding and crowd-sourcing platform through the launch of its new 'Incubator' service.
The programme will enable GamCrowd to directly offer a range of value-added provisions and resources to help prepare start-ups and assist with the process of crowd-funding through GamCrowd.
Companies will enter the GamCrowd Incubator process in return for equity in their respective businesses.
Start-ups participating in the new service will benefit from a full appraisal of their business model as well as targeted introduction, marketing advice and ongoing support.
GamCrowd may also inject funds from the Seed Enterprise Investment Scheme or other forms of pre crowd-funding capital, in addition to recommending partners or suppliers that may also prove services in return for equity.
Chris North, chief executive officer of GamCrowd, said: “We wanted to get GamCrowd out there and learn from the experience that you can only get by operating a business.
“It has always been our intention to build a virtual incubator by introducing crowdsourcing to the platform, and this new development allows us to add even more value to some select start-ups who we will then support all the way through their development.
“To date, more than 100 start-ups have contacted us and many need a lot of help before they are ready to crowd-fund.
“Only two have reached the stage where they are equipped to go on the platform and one of those didn’t meet its funding target.
“We have several more that are close to being ready and Incubator should accelerate this process – and allow us take on multiple start-ups simultaneously in the future.”
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