Teamup

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Teamup: Teamup is the first Matchmaking platform for entrepreneurs designed for Greece.

Athens, GreeceGreece
Year Founded:
2014
Organization type: 
nonprofit/ngo/citizen sector
Project Stage:
Start-Up
Budget: 
$50,000 - $100,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

Teamup provides connections among people with ideas, people with skills and services in order for an idea to become a successful startup.

In addition to that, strong teams can easily reach VCs, Angel Investors, mentors, advisors etc in order to add Value to their startup.

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What if Greece was the next Silicon Valley
About Project

Problem: What problem is this project trying to address?

The problem Teamup is going to solve, is that people with great ideas cannot find the correct people with skills in order to create well balanced startup teams. Furthermore, startup companies or teams with strong developing background cannot successfully attract media and investors' attention due to lack of marketing or communication skills.

Solution: What is the proposed solution? Please be specific!

Teamup' s goal is to transform all ideas into startups. Startups will give economic growth and new job opportunities in Greece. Our macthmaking platform will provide all the necessary connections to entrepreneurs in order to fulfill their dreams. We have created a unique matching algorithm based on our skills database. The idea behind our approach, is that every user has only a few (up to 6) skills in a good level. In that way, users cannot add skills that have no or little knowledge in, a common problem in Linkedin or other services. Our mission is to offer the best matchmaking experience with a unique, lightweight and modern design based on that goal.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Imagine that you have an idea for an application (ex. whatsapp), but you do not have programming skills. The only solution is to go to Teamup and find a developer, who will believe to your idea and want to be a part of. His programming skills and your skills will result in a great team, that will be ready to create the whole project. Then, through Teamup again, you will find mentors, advisors and investors, in order for the application to transform into a successful startup. With Teamup's services, your idea will end up as a live application and your company will gain revenue. The company will share the revenue with its employees and this will boost Greece economy faster than ever before.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

Greece has potential to create new startups with global impact. In Greece, there is an unemployment rate over 40% in ages 18-34. These people are potential entrepreneurs. Every year, Greek universities and colleges generate over 5.000 people with programming skills and 10.000 people with business and marketing skills. That means that there are over 15.000 people with the necessary skills to start businesses. The unemployment rate clearly suggests that 6.000 people do have the skills, but no job and they want a way out. If a startups consists of 3-5 people, then Greece must have 1.200 - 2.000 new startups every year, but today, only 300 startups exist. Teamup is going to help Greek society to achieve the above goals and decrease the unemployment rate. Greek society is ready for entrepreneurship and Teamup is going to be a pillar of innovation and growth.

Spread Strategies: Moving forward, what are the main strategies for scaling impact?

Our goal for the future is to extend our reach to foreign markets. Turkey, Spain, Portugal and Cyprus because of similar social-economical problems. We can see teamup becoming the world leader matchmaking platform for people with skills and people with vision. Entrepreneurs should use teamup as the first and only place to fullfil all their needs.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

Teamup has a complete revenue model which provides free usage of the main teamup's functions for all users. Teamup is going to be a marketplace based on the needs of skilled persons and startups. We have categorised monetization streams into 3 sections. The first is section is about promoting startups via blogs, social media and teamup. The section section is about reviewing startup teams with the help of mentors, advisors and angels and m

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

In Greece there is no other platform like Teamup. There are some global services, but our solution is better because instead of targeting from the start the whole world, we will start only from Greece in order to gain the whole greek market. The major problem of all other platforms is that developers are in lack. Our customer acquisition model will make it possible for teamup to bring together all developers from engineering schools.
Team

Founding Story

Giorgos and Stefanos, had an idea for a startup but they lack of back-end programming skills. They wanted a Ruby on Rails developer to fulfill their dream. It was extremely difficult to find a developer with skills and the same passion/ vision to change the world. Thankfully, Stefanos is friend with Chris from high school and he has back - end programming skills. Chris became a co - founder of Teamup and a part of the team. Then we thought all entrepreneurs who lack of some skills and they do not have connections with people who has the necessary skills to create their idea and Teamup was born.
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