I agreeto Idea Innovative Financing & High impact Business Development
Voting is Disabled

5 votes

Rank53

Idea#297

This idea is active.
General »

Innovative Financing & High impact Business Development

Financing, Financing, Financing!

Use Business Schools in the US to provide open Business concept competition (Open to non student as well).

Heavy focus by state for top entrepreneurial schools. Give top entrepreneurial school in the US the Quaterback position for the entire program.

Quaterback would use up to 1-4 Universities per state.

The various business schools would be an anchor to encourage success act as clearing house for resource and development.

Professors could be advisers.

95% of the money would go directly to the startup companies instead of salaries for fund managers.

Minimum of 100K per winning. (in phases if goals are met)

For every $1 Billion :

9,500 companies can be incubated

5-10% (475-950) will succeed.

They would most likely add an average of 10-100 jobs each. Plus 10-100's of support jobs in the entire supply and value chain.

$200Billion potential impact: Creation of 19 Million Jobs!

Quaterback would also negotiate/propose to congress existing/new policy(ies) that would create an ecosystem for high growth and innovation.

Submitted by Marky Marc 1 year ago

Vote Activity Show

Events

  1. The idea was posted
    1 year ago

Comments (4)

  1. Brilliant idea!

    1 year ago
    2
  2. great way to create new job opportunities to the many who are unemployed.

    1 year ago
    1
  3. You know what's even better?

    IT'S PUTTING THE MONEY DIRECTLY INTO THE HANDS OF AMERICANS WHO ARE ACTUALLY STARTING THE BUSINESSES MOSTLY instead of putting it into more bureaucracy. There must be oversight for getting the businesses up and running on a timetable and budget.

    1 year ago
    0
  4. Good idea, but the problem is the current education system in business schools throughout the country. Professors do not have the knowledge to provide relative information to bootstrap entrepreneurs into business with limited resources. Entrepreneurs will not learn how to market a product from concept, prototype, legal protection, publicity, distribution channels available, government services and exporting. Thats the major problem with todays colleges and universites.

    1 year ago
    0