Groups, collaboration and an extended application deadline.

May 21st, 2010 by f3 fund it

First of all, we would like to say thanks for signing up to f3fundit, every new member means that what we’re doing is worthwhile and that the countless hours we’re putting into this project aren’t going to waste. So a big thanks to you, community.

Over the coming months we have a good amount of things slated that will improve the functionality of f3fundit, and while we’re not there yet it’s not to say that we don’t encourage you to start using the sites functionality and see what resources there already are.

We are in beta, and your feedback is pivotal to making this site a worthwhile and lasting resource for you the entrepreneur. At the moment, think of it as a sandbox.

And speaking of those resources, why not try out the groups we’ve created – you can add & start discussions, post interesting tidbits and industry news, and add to group specific wikis that act as a database of information on any of our industry and regional areas.

A great way to try the functionality of these groups and see what they can offer is to join and engage them and build on those best practices that we know as well as the collaborative spirit of the entrepreneur.

With that, why not try out the next top startup group, which you can find at

http://f3fundit.com/groups/next-top-start-up/

or for that matter join any of the others and try them out!

In other news, due to the upswing in interest in f3fundit and the Next Top Startup competition, we’ve extended the application deadline to 23:59 on Wednesday the 26th of May 2010.

Thanks for reading,

The f3fundit team

f3fundit news and Next Top Startup update

May 15th, 2010 by Jacek Grebski

First of all, traffic is going through the roof on the site and we would like to thank all of you who have visited and signed up. We are trying to make this community work for everyone and without you – it just simply won’t fly. So tell your entrepreneurship oriented friends and help make f3f a success for everyone.

Applications are coming in and for all those who are thinking of applying but haven’t just yet – there’s only 7 days left to apply.

Equally, we’re very excited about the inclusion of Next Top Startup as an ’event partner’ of BizBarcelona – head over to the Biz Barcelona page to see what else is happening on the 16th and 17th of June this year in Barna.

In other news, we’re pleased to include a number of endorsements from our team of expert mentors that will be guiding our finalists through the two day workshop.. Take a look on our ’about’ page

We have posted an event outline on the Next Top Startup page – you can check out what it will look like and what those two days will entail for those companies selected to participate. You can find the info here.

All the best and see you on the 16th/17th in Barcelona.

How to turn €120 into €25,000? The call goes out for the next top start-up

April 19th, 2010 by f3 fund it

The entrepreneur comes first as a competition to find the next top start-up begins. Promising new companies can compete for the chance to take part in a boot camp and win a €25,000 prize. Organisers, f3fundit, are calling for start-ups from across the world to apply via www.f3fundit.com by May 21st and are looking for just €120 from each entrant.  Following a selection process, the top ten companies will gather in Barcelona, Spain, on June 16th and 17th. The entrepreneurs will work closely with a team of 25 experts who will both mentor them and decide which one will be crowned the next top start-up and walk away with the no-strings attached cash prize.

The competition is aimed at new companies in the so-called “valley of death” who are seeking financing of up to €300k. Ideal entrants should be innovative, scalable, internationally focused and concentrated on attractive market segments. They can come from any sector and should have the ambition to work with venture capital investors.

“We are on the start-up’s side,” says founder of f3fundIt, Jacek Grebski. “When we designed this competition, we looked at it from the position of a new company that has a big future but right now is short on cash and resources. How can we make a competition work for them? So all we require of the entrants is a very reasonable €120 and their participation. We do not take an equity stake and we will make sure that every company receives feedback.”

Entrants initially pass through a multi-metric evaluation process. This is then reviewed by the event selection committee who will make the final decision on the top ten. The chosen will then gather in Barcelona on the 16th and 17th of June where they will spend two days behind closed doors having their business models intensely examined by a host of experienced mentors along with select investors. Every aspect of their performance over the two days will be taken into consideration when determining who will be the next top start-up.

f3fundit is an online community that enables entrepreneurs to exchange ideas and information and links them to potential sources of funding. The event is organised with the support of Barcelona Chamber of Commerce and ESADE Creapolis, a business incubator and innovation park, as well as in collaboration with successful entrepreneurs, investors, and international business networks such as Maroon Analytics, an international advisory firm offering strategy, finance and incubation services