With Startup Experts to your own Company
Everything in life has a price. But imagine there is a way to start your own business together with experienced entrepreneurs and experts – without having to pay a cent. This may sound difficult to implement at first, but it is a reality in the format of the Tech Startup School, for example.
The Tech Startup School costs nothing for the participants – even though in the end you keep a large part of the shares in your own start-up. After all, you get paid for the premises, intensive support and all events over 8 weeks. We explain how this works in the following.
How can the Tech Startup School be free for Participants?
To understand the funding model of the Tech Startup School, you first need to know about the concept.
The companies with which those interested in starting up work provide the ideas, the participants develop them within eight weeks in a team and accompanied by an experienced start-up consultant company to develop an empirically tested and start-up business model. In-house experts support the process.
After a final pitch in front of interested parties and investors, the joint collaboration leads to the actual start-up phase. The startup is supported by experienced start-up consultants and business angels.
The Tech Startup School Financing Model
The Tech Startup School GmbH & Co KG thus does not finance itself through participation fees, but through company shares in the foundations resulting from the event. The companies also pay for the submission of ideas. This financing concept enables the Tech Startup School to be offered to the participants free of charge.
The participants only have to cover the travel and accommodation costs.
Then what happens to the shares of the newly founded Companies? Who gets what?
Basically, the shares of the newly founded companies are divided between participants, ideas providers and Tech Startup School GmbH & Co. KG, with the participants receiving the largest share. Their shares are divided on the one hand into work during the program and on the other hand into further implementation. That means participants who realize the business model themselves also get more shares.
If the ideas providers decide to invest additional money in the young company after the foundation, they will receive additional shares.
In principle, depending on the different implementation scenarios, the distribution can also be negotiated, since the foundations can take place both inside and outside the respective idea-giving company.