FUNDING BOARD REVIEW FORM
TEAM ID: : ExID-20S-7726013748
TEAM NAME: DADUPA
VALUE PROPOSITION: With DADUPA, early-stage investors have access to a permanent and refreshed showcase platform where they can directly reach startups that are carefully trained by a network of independent mentors.
PROBLEM ADDRESSED: The overall funding gap for SMEs in developing countries is estimated to $5 trillion (World Bank). This impacts entrepreneurs in general but more specifically it affects early-stage ventures who are much more vulnerable. Four main challenges help explain the difficulty for funding access for SMEs in developing countries : Angel investors find it difficult to come-across businesses meeting their expertise and funding capacities; Few incubators and few accelerators that play a huge role in training and referring entrepreneurs to investors; Entrepreneurs find it hard to run efficient fundraising campaigns; Entrepreneurs are unaware of nearby angel investors and mentors. At the heart of these challenges reside two main issues : (A) Visibility, and, (B) Direct access.
APPLICATION SOLUTION: In order to remedy the insufficient exposure of innovative entrepreneurs, early stage investors and mentors in developing countries, we have built DADUPA. DADUPA is a web platform that allows entrepreneurs, investors and mentors to search, assess and connect with each other. The platform is designed to allow for innovative entrepreneurs to be detected through a 60 seconds video pitch of their ventures. The infrastructure chosen is that of an online social network, which has the potential to provide much exposure and a lot of user data, which can be used as a leverage so as to help facilitate efficient connexions and matching between users.
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