Swiss ep 2025 - action plan session - team 6
Short Summary:
Team 6 presented an action plan for a Swiss EP 2025 project focusing on creating a platform connecting startups with investors and government support. Key discussion points revolved around securing funding (initially 5K, aiming for 10 million USD), building the platform (estimated at 10 million USD, but questioned as potentially over-budget), and navigating legal requirements for listing startups. The timeline was debated, with suggestions to parallelize platform development and government proposal submission. The ultimate goal is to create a startup exchange similar to a stock exchange, but the high initial cost is a major hurdle. The team discussed potential partnerships to mitigate the financial risk and streamline the process.
Detailed Summary:
The transcript details a meeting discussing Team 6's action plan for a Swiss EP 2025 project. The plan centers on building a platform to connect startups with investors and government funding. The discussion can be broken down into several key sections:
Section 1: Project Overview and Funding: The team outlines their plan to build a platform connecting startups with investors and government support. They identify three key partners: government agencies, tech companies, and investors. Initial funding of 5,000 USD is mentioned, but the project's total estimated cost is 10 million USD. This high cost is a major point of contention throughout the meeting.
Section 2: Timeline and Resource Allocation: The proposed timeline includes six months for a government proposal and six months for platform development. Concerns are raised about the length of time, with suggestions to shorten it by working on the proposal and platform simultaneously if initial funding is secured. The team also discusses human resource needs and expected outcomes. A key quote highlights the concern: "Why it take 6 month to build a landing page?" This points to a potential overestimation of the project's complexity.
Section 3: Platform Development Costs and Feasibility: The 10 million USD cost for platform development is heavily debated. The team attempts to justify the cost based on previous experience, but the high figure is questioned as potentially inflated. The possibility of a phased approach, starting with a smaller budget, is suggested.
Section 4: Strategic Partnerships and Listing Requirements: The team discusses the possibility of forming strategic partnerships to secure funding and potentially list startups on their platform. They outline the requirements for startup listing, including legal entity status, a compelling proposal, and potentially revenue or profitability milestones. The cost of listing is also discussed, with figures ranging from 100,000 USD to 10 million USD mentioned, depending on the scale and timing. A key point is the comparison to the cost of building a stock exchange 20 years ago, suggesting potential cost reductions through a more streamlined approach.
Section 5: Government Involvement and Legal Hurdles: The team acknowledges the government's involvement in similar initiatives, but highlights the need to navigate legal complexities. The discussion concludes by emphasizing that the primary challenge is not the funding, but rather overcoming the legal hurdles involved in establishing the platform. A key quote summarizes this: "the key problem...is not the 10 [million], it's the legal."
The overall tone of the meeting suggests a need for a more refined and realistic action plan, particularly regarding the budget and timeline. The team recognizes the potential of their project but needs to address the significant financial and legal challenges to make it feasible.