Business plan competitions and crowdfunding platforms are a natural fit. By incorporating a crowdfunding or crowdvoting element into the competition structure organizers give entrants the opportunity to engage with their supporters and networks, driving interest and funds to their projects while giving the competition valuable visibility. This gives judges quantitative measures of the market’s interest in the venture, the team’s marketing skill, and the team’s fundraising tenacity.
Crowdfunding can be incorporated into your competition in a number of ways, but frequently Platform Partners opt to give the top fundraisers a fast track position into the next round of the competition. To see how Launcht can drive interest and engagement to your next competition please click here to learn more about Launcht Crowdfunding and Crowdvoting Packages.
Business Plan Competition Case Studies
Case Study: Crowdfunding scholarships to a business accelerator – Unreasonable Institute
Case Study: Incorporating crowdfunding into a business plan competition – William James Foundation
Case Study: How Crowdvoting Improves Innovation Competitions – Ultra Light Startups
Case Study: How Crowdvoting Can Support Competitions - Salt Valley Tally
Case Study: How Crowdvoting Can Encourage Student Innovation – Saluki Ideas Competition