New service for online gambling start-ups
News on 8 Jan 2015
News on 8 Jan 2015
GamCrowd.com has taken its gambling-specific crowdfunding and crowdsourcing platform up a gear through the launch of its new Incubator service.
A statement from the company Thursday reveals that the program will see GamCrowd directly offer a range of value-added provisions and resources to better prepare start-ups and assist with the process of crowdfunding.
Companies will enter the GamCrowd Incubator process in return for equity in their business.
Participating start-ups can immediately benefit from a full appraisal of their business model, in addition to targeted introductions, marketing advice and ongoing support, the statement claims.
GamCrowd may also inject SEIS (Seed Enterprise Investment Scheme) funds or other forms of pre-crowdfunding capital as well as recommend partners and potential suppliers who may also provide services, such as web development, in return for equity.
GamCrowd CEO Chris North says that the Incubator platform was designed to be adaptable, and that its introduction is intended to give more start-ups the chance of making a breakthrough.
“We wanted to get GamCrowd out there and learn from the experience that you can only get by operating a business,” he says.
“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 more value to some select start-ups who we will then support all the way through their development.”
North claims that to date, more than 100 start-ups have contacted his company and many need a lot of help before they are ready to crowdfund.
“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,” he said.
GamCrowd will host a series of workshops and presentations that discuss incubating start-ups at ICE Totally Gaming on Tuesday 3rd February. The company also plans to fully launch its crowdsourcing platform, Marketplace, to help all start-ups in the industry to access the skills and resources they might need at reasonable costs.
