The Model: Walk us through a specific example of how your solution makes a difference; include your primary activities
A community defined by interaction points - Events, Investment, Advisory, Mentorship, Access, Profile. The community does not charge for membership - all elements are free and open to any young person who wishes to start or has started their own business. All revenue stems from sponsorships or charging external corporate partners fee's to access the community base
How it makes a difference:
Archipelago has made a difference to its members a number of ways; When a speaker appears at our talks we do a number of things to raise their profiles - we get them national press, radio and TV spots, we also video their talk and promote it digitally thereafter.
We have facilitated the investment of over €300k into Irish start-ups through investor matching and pitch events - we do not charge for this
We run private pitch your problem events where start-up can talk about their biggest problems and have them solved by a room full of their peers in a trusting environment
Archie Talks: The Archie Talks are run every 4-6 weeks, showcasing the stories of young entrepreneurial speakers and their companies. The events primary revenue stream is sponsorship. At every event, we give the total sum of our gate receipts to one start up - decided by public vote
Investors: We run pitch events once a quarter where young companies looking to fundraise get access to a private group of 20+ investors - we do not charge start-up for this
Pitch your problem: Most young start-ups encounter similar problems. Pitch your problem events allow a group of peers to work on behalf of one another in a positive collaborative environment
Profile: We constantly seek to develop the profile of our members in national media and online publications. We have established contacts with business magazines and national print press. We build all our press releases around the companies and their founders in stead of ourselves and make our newsletter about local start-up news and the community
We have two methods of advisory. Once a month we get an established business person to give 30-60 minutes of their time to talk to small groups of start-ups about what they're doing.
We also use google hangouts so that groups of 10 founders can discuss issues and opportunities with established professionals from overseas
Our focus is on community building, i.e an environment that fosters collaboration, interaction and mutual growth among peers. We define the parameters within which this community develops but we don not charge or control the membership.