{"id":14742,"date":"2013-11-27T14:32:17","date_gmt":"2013-11-27T12:32:17","guid":{"rendered":"https:\/\/www.hiig.de\/?p=14742"},"modified":"2018-06-26T19:00:16","modified_gmt":"2018-06-26T17:00:16","slug":"finance-startup-clinic-2","status":"publish","type":"post","link":"https:\/\/www.hiig.de\/en\/finance-startup-clinic-2\/","title":{"rendered":"Finance Startup Clinic"},"content":{"rendered":"

The Humdoldt Institute\u2018s Finance Clinic assists startups from pre-founding and -funding stages to Series A and venture capital funding.<\/p>\n

Startups can apply via the research team\u2018s website www.startup-clinics.com<\/a> and can choose between three options:<\/p>\n

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  1. A digital repository including templates, standardized contracts, and further helpful links to other online resources (such as university founding services and state-funding programs) is in the process of creation.<\/span><\/li>\n
  2. A face-to-face meeting with the doctoral researcher. Currently, the finance clinic is headed by Robin P. G. Tech<\/a>\u00a0\u2013 a member of the Entrepreneurship team at HIIG.<\/span><\/li>\n
  3. A face-to-face meeting with an expert in a specific domain who comes from within our network of professionals. (transfer upon doctoral researcher\u2019s discretion)<\/span><\/li>\n<\/ol>\n

    Teams that want to join one of Robin\u2018s session can discuss topics ranging from internal & external financing, through management accounting, to efficiently designing the ventures financial structures.<\/p>\n

    Each session starts off with a short introductory round that helps teams as well as the doctoral researcher to understand each others backgrounds better. A complementing standardized and pseudonymized questionnaire is used that supports the institute\u2018s entrepreneurship research and the individual doctoral theses.<\/p>\n

    Common inquiries include questions regarding the differences between crowdfunding platforms (esp. donation-based ones versus equity-based platforms), the availability of state-funding and how the miscellaneous schemes work, and the management of investors.<\/p>\n

    A specific example: a startup needed to bridge a financial gap between the depletion of its business angels\u2018 investments and raising Series A capital. Pros and cons of various financing options were discussed and the team ultimately decided to launch an equity-based crowdfunding campaign. A second session covered the evaluation of different platforms available and concluded with arranging an appointed with the chosen platform\u2018s management. Shortly after, an agreement concerning the terms and conditions was reached and the dates for the campaign were set. Ultimately, the startup\u2018s capital raising was succesful, the capital gap bridged, and the team can continue to focus on further advancing its product to reach a Series A round maturity.<\/p>\n

    Though there\u2018s neither a standard procedure nor a strict guideline on how each sessions ought to run, the team has developed a common template to collect in-depth data on each startup. For one, this enables our team\u2019s researchers to connect theory and praxis, publish academic discussions and findings, and ultimately promote entrepreneurship in an informed and objective way.<\/p>\n

    For another, the documentation helps to assisst the startup in the best way possible, as it enables a well-structured discussion concerning the challenges and a facilitated transfer to aforementioned external experts and \/ or other clinics.<\/p>\n

    The other clinics available to startups are, for the time being, a Law Clinic<\/a>, headed by Maximilian von Grafenstein, and a Human Resource & Management Clinic<\/a>, headed by Martin Wrobel \u2013 both doctoral researchers as well. In the near future, more Clinics will join that cover the topics of Business Model Innovation, Technology Transfer, and Sales.<\/p>\n

    This post is part of a weekly series of articles by\u00a0doctoral canditates<\/a>\u00a0of the Alexander von Humboldt Institute for Internet and Society. It does not necessarily represent the view of the Institute itself. For more information about the topics of these articles and asssociated research projects, please contact\u00a0presse@hiig.de<\/a>.<\/h4>\n