Start-ups Aim for €70 Million in Funding at Investor Day
This event allows entrepreneurs to bypass the challenges of cold outreach by pitching directly to investors like Langbert, who reviews 50 deals weekly but invests in only 2%. Investor Insights and Selection Process One of the investors, Langbert, reviews approximately 50 deals each week. Despite the high volume, only about 2% of these deals receive investment.
Several start-ups are targeting a total of €70 million in funding at an upcoming investor day hosted by NovaUCD. This event provides a platform for entrepreneurs to present their business ideas to potential investors, aiming to secure necessary financial backing to propel their ventures forward.
Details of the Investor Day at NovaUCD
The investor day will take place at NovaUCD, a hub for innovation and entrepreneurship. Start-ups participating in this event have the opportunity to pitch their ideas directly to investors, sidestepping the often challenging path of cold outreach, which is frequently ignored by potential backers. The structured environment of the investor day facilitates direct interaction and engagement between start-ups and investors.
Challenges of Cold Outreach
One of the key challenges faced by start-ups is the difficulty in capturing the attention of investors through cold outreach. This method, commonly used by entrepreneurs seeking funding, involves unsolicited contact with investors, often resulting in low response rates. The investor day at NovaUCD offers a solution by enabling start-ups to bypass this hurdle and present their business proposals in a more receptive setting.
Investor Insights and Selection Process
One of the investors, Langbert, reviews approximately 50 deals each week. Despite the high volume, only about 2% of these deals receive investment. This selective process underscores the importance of a compelling pitch. Langbert plays a crucial role in assisting start-ups to refine their pitches to a concise 15-20 seconds, ensuring they effectively communicate their value proposition to potential investors.
The Road to Securing Funding
The path to securing funding is competitive, with start-ups competing for the attention and investment of potential backers. The investor day at NovaUCD is a critical opportunity for these companies to stand out and secure the funding required to advance their business goals. Through direct engagement and refined pitches, start-ups aim to make a lasting impression on investors.
As the investor day approaches, the participating start-ups remain focused on their ultimate goal: securing a portion of the €70 million in funding available. The event represents a significant opportunity for growth and development, potentially leading to successful partnerships and the advancement of innovative ideas.