IdeaSpies
lynnwood
ideaspies03
Comments
ideaspies03 @ 2019.10.27 1:12 PM
Looks interesting Eric- can you explain more? Can you offer examples where this has been done?
Looks interesting Eric- can you explain more? Can you offer examples where this has been done?
eric @ 2019.10.27 4:24 PM
The funding model has been proven - founders getting friends and family to claim the $10,000 tax offset and contributing $6,000 (not necessarily in that order). Founders promise to spend $6,000 max of the investment in year 1 and to shut down if they have not made sufficient progress. Our company ensures this happens for investors. Charities would become the trusted partners of their supporters and innovation (where founders need more funding) - they would make sure that the taxpayer was safe and in the best position to contribute to the charity at the end of the year.
The funding model has been proven - founders getting friends and family to claim the $10,000 tax offset and contributing $6,000 (not necessarily in that order). Founders promise to spend $6,000 max of the investment in year 1 and to shut down if they have not made sufficient progress. Our company ensures this happens for investors. Charities would become the trusted partners of their supporters and innovation (where founders need more funding) - they would make sure that the taxpayer was safe and in the best position to contribute to the charity at the end of the year.
Jonathan Chrimes
