{"id":241,"date":"2019-04-11T11:55:44","date_gmt":"2019-04-11T11:55:44","guid":{"rendered":"http:\/\/appomate.com.au\/?p=241"},"modified":"2021-09-07T04:53:55","modified_gmt":"2021-09-07T04:53:55","slug":"6-unique-creative-fundraising-ideas-for-your-app-startup","status":"publish","type":"post","link":"https:\/\/www.appomate.com.au\/blog\/2019\/04\/11\/6-unique-creative-fundraising-ideas-for-your-app-startup\/","title":{"rendered":"6 Unique &#038; Creative Ways Fundraising Ideas For Your App Startup"},"content":{"rendered":"<p><span lang=\"EN-US\">Fundraising can be as daunting as starting up for an early stage app entrepreneur.<\/span><\/p>\n<p>There are a lot of articles about raising funds via angel investors, venture capitalists, hedge funds, etc. \u00a0They are the <a href=\"https:\/\/appomate.com.au\/funding-options-raising-capital-for-your-mobile-app-startup\/\">most common ways by which any startup can raise capital<\/a>.<\/p>\n<p><span lang=\"EN-US\">As we all know, fundraising for an early stage app startup is difficult than raising funds for an app startup that is already successful. <\/span><\/p>\n<p><span lang=\"EN-US\">So why not try unique &amp; creative ways to raise capital for your startup?<\/span><\/p>\n<p><span lang=\"EN-US\">By that we mean, banks and investors aren\u2019t the only options\u00a0you have to raise funds. Before you can bring on those big guns for funding, you need to prove that you have something worth the investment. <\/span><\/p>\n<p><span lang=\"EN-US\">Let\u2019s explore a few unique &amp; creative funding ideas for your startup journey.<\/span><\/p>\n<h2><strong>6 Unique &amp; Creative Fundraising Ideas<\/strong><\/h2>\n<h2><b><span lang=\"EN-US\">Personal money, friends, and family<\/span><\/b><\/h2>\n<p><span lang=\"EN-US\">The easiest way to raise capital is to approach your acquaintances.<\/span><\/p>\n<p><span lang=\"EN-US\">The vast majority of apps are initially funded with the help of personal savings and resources of their founders (and founder\u2019s friends and family). If you are not able to convince your friends and family with your idea, it is going to be pretty hard to convince a stranger.\u00a0 The best part of this fundraising is often it is interest-free.\u00a0 If you are hesitant, you probably don\u2019t believe in your idea fully. Look at it as sharing the opportunity with your friends and family.\u00a0<\/span><\/p>\n<h2><b><span lang=\"EN-US\">Crowdfunding<\/span><\/b><\/h2>\n<p><span lang=\"EN-US\">Crowdfunding is an option to raise funds for seed capital. Though most crowd-funding platforms adopt an \u201call or nothing\u201d approach to crowdfunding campaigns, there are other options as well. <\/span><\/p>\n<p><span lang=\"EN-US\">For example, Indiegogo offers many flexible plans which allow app entrepreneurs to keep the money accumulated even if they don\u2019t reach funding goals<\/span><span lang=\"EN-US\">.\u00a0 Read our <a href=\"https:\/\/appomate.com.au\/funding-options-raising-capital-for-your-mobile-app-startup\/\"><u>funding options blog<\/u><\/a> for more details about this option.<\/span><\/p>\n<h2><b><span lang=\"EN-US\">Pitch contests<\/span><\/b><\/h2>\n<p><span lang=\"EN-US\">There are contests that are held around the world, allows people to get in front of investors and pitch their app ideas. If you Google \u2018pitch app ideas\u2019 or \u2018start-up pitching contests\u2019, you will find opportunities in your city. Many universities globally also run contests to offer seed funding for startups.<\/span><\/p>\n<ul>\n<li><span lang=\"EN-US\"><a href=\"http:\/\/www.codelaunch.com\/\">Code Launch<\/a> is an annual event where people with app ideas pitch their app idea to the community of investors.<\/span><\/li>\n<li><span lang=\"EN-US\"><a href=\"http:\/\/sydstart.com\/pitches\/\">Syd Start<\/a> is a startup conference in Sydney which runs pitching contests.<\/span><\/li>\n<li><span lang=\"EN-US\">There is even <a href=\"http:\/\/thebigpitch.com.au\/\">an app to pitch your app idea<\/a>\u00a0<\/span><\/li>\n<li><span lang=\"EN-US\">The University of Melbourne has its own start-up incubator, called the <a href=\"http:\/\/themap.co\/\">Melbourne Accelerator Program<\/a>.\u00a0<\/span><\/li>\n<li><span lang=\"EN-US\"><a href=\"http:\/\/www1.rmit.edu.au\/students\/neif\">Melbourne\u2019s RMIT University<\/a> has an investment fund offering seed capital to students and alumni.\u00a0<\/span><\/li>\n<\/ul>\n<p><span lang=\"EN-US\">\u00a0<\/span><span lang=\"EN-US\">Google \u201cpitch deck templates\u201d to find <a href=\"https:\/\/appomate.com.au\/resources\/\">time-saving resources\u00a0for app creators<\/a>.\u00a0<\/span><\/p>\n<h2><b><span lang=\"EN-US\">Accelerators<\/span><\/b><\/h2>\n<p><span lang=\"EN-US\">Startup accelerators are programs that include education and mentorship with public pitch days. Typically, accelerators invest $20,000 to $50,000 in startups in exchange for equity.<\/span><\/p>\n<p><span lang=\"EN-US\">Y-combinator and Techstars are among the first seed accelerators. <a href=\"https:\/\/startmate.com.au\/\">Startmate<\/a> and <a href=\"http:\/\/angelcube.com\/\">Angelcube<\/a> are Australia-based accelerators.<\/span><\/p>\n<h2><b><span lang=\"EN-US\">Government Grants<\/span><\/b><\/h2>\n<p><span lang=\"EN-US\">It is worthwhile to consider the many grants your government may offer for tech start-ups.\u00a0 In Australia, there is a Research and Development program that provides a significant tax incentive to app companies that qualify.<\/span><\/p>\n<p><span lang=\"EN-US\">The R<a href=\"https:\/\/www.ato.gov.au\/Business\/Research-and-development-tax-incentive\/About-the-program\/\">&amp;D tax incentive program<\/a> helps you get up to 45% of your expenses back when you are in a loss position. <\/span><\/p>\n<p><span lang=\"EN-US\">The <a href=\"https:\/\/appomate.com.au\/assistance\/\">Australian Government provides 45% tax rebates for apps<\/a> that aim to improve the economy. Your app idea must be novel and qualify as a research and development project.<\/span><\/p>\n<p><span lang=\"EN-US\">There are companies which help you apply for this program.<\/span><\/p>\n<ul>\n<li><a href=\"http:\/\/www.atyadvisory.com.au\/\">ATY Advisory<\/a>\u00a0is a private consulting firm specializing in assisting small to medium-sized companies to gain access to Research and Development tax credits.<\/li>\n<li>The <a href=\"http:\/\/www.vic.gov.au\/publicsectorinnovation\">Victorian government<\/a>, in particular, supports innovation by providing funding to entrepreneurs who focus on projects that simplify policy changes and aim at providing value to the public.<\/li>\n<li>The city of Melbourne offers grants to <a href=\"https:\/\/www.melbourne.vic.gov.au\/SiteCollectionDocuments\/small-business-grants-guidelines-2015.pdf\">small businesses and start-ups<\/a>.<\/li>\n<li>The Australian Government also provides financial assistance by <a href=\"http:\/\/australianbusinessgrants.com.au\/new-business-start-up\/\">funding new businesses<\/a>.<\/li>\n<li>The Australian government has an <a href=\"http:\/\/www.business.gov.au\/advice-and-support\/EIP\/Pages\/default.aspx\">Entrepreneurs\u2019 Programme<\/a> for budding entrepreneurs.<\/li>\n<\/ul>\n<p><span lang=\"EN-US\">The Queensland government-funded \u201c<a href=\"http:\/\/www.ilabaccelerator.com\">iLab<\/a>\u201d is one of Australia\u2019s largest schemes for technology start-ups and had incubated over 100 start-ups.<\/span><\/p>\n<p><span lang=\"EN-US\">\u00a0<\/span><span lang=\"EN-US\">The Western Australian government offers an \u201c<a href=\"http:\/\/www.commerce.wa.gov.au\/ScienceInnovation\/Innovator\/about.htm\">Innovator of the Year Award<\/a>\u201d granting the winner a $100,000 package.<\/span><\/p>\n<p><span lang=\"EN-US\">\u00a0<\/span><span lang=\"EN-US\">Check which funding programs you qualify for by answering a few questions at the following <a href=\"http:\/\/www.australiangovernmentgrants.org\/blog\/?s=grants+young+entrepreneurs+Melbourne\">link<\/a>.<\/span><\/p>\n<h2><strong><span lang=\"EN-US\">\u00a0<\/span><span lang=\"EN-US\">Start-up funding loans<\/span><\/strong><\/h2>\n<p><span lang=\"EN-US\">Many organizations offer loans to start-ups and other small businesses. These funds can be utilized by businesses as seed or growth money.<\/span><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p><span lang=\"EN-US\">Some good sources are:<\/span><\/p>\n<ul>\n<li><span lang=\"EN-US\"><a href=\"https:\/\/www.kikka.com.au\/\">Kikka Capital<\/a> makes things easier for businesses by providing approval for a business loan of up to $100,000 in just 7 minutes.\u00a0<\/span><\/li>\n<li><span lang=\"EN-US\"><a href=\"https:\/\/moneyplace.com.au\/\">MoneyPlace<\/a> specializes in peer-to-peer lending with funding up to $35,000.\u00a0<\/span><\/li>\n<li><span lang=\"EN-US\">Moula offers to fund to start-ups and provides an option of instant approval for funding of up to $100,000.\u00a0<\/span><\/li>\n<\/ul>\n<p><span lang=\"EN-US\">Personal funding, crowdfunding, pitch contests, accelerators, government grants, and loans all represent valid avenues to raising the funds you need. <\/span><\/p>\n<h2><strong><span lang=\"EN-US\">Conclusion<\/span><\/strong><\/h2>\n<p><span lang=\"EN-US\">Don\u2019t believe you can\u2019t find the money to pursue your great idea!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fundraising can be as daunting as starting up for an early stage app entrepreneur. There are a lot of articles about raising funds via angel investors, venture capitalists, hedge funds, etc. \u00a0They are the most common ways by which any startup can raise capital. As we all know, fundraising for an early stage app startup [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,39],"tags":[21,52,53,48,49],"class_list":["post-241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-app-ideas-funding","category-funding","tag-app-startup-fund-raising","tag-creative-fund-raising-ideas","tag-fund-raising-ideas","tag-funding-options","tag-raising-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>6 Unique &amp; Creative Ways Fundraising Ideas For Your App Startup - Appomate<\/title>\n<meta name=\"description\" content=\"Fundraising for an early stage app startup is difficult than raising funds for an app that is already successful. 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