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), building the platform (estimated at 10 million 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 acknowledged the need for a more feasible action plan with a reduced budget.
Detailed Summary:
The transcript details a meeting of Team 6 discussing their action plan for a Swiss EP 2025 project. The plan centers around creating a platform to connect startups with investors and government funding. The discussion can be broken down into several key sections:
Section 1: Funding and Partnerships: The team identified three key partners: the Swiss government (for initial funding and support), tech companies, and investors. They hoped to leverage Venture Studios and accelerators. The initial budget request was 10 million USD, but this was heavily debated. The team acknowledged having only 5,000 USD currently. A key question was how to secure the remaining 9,995,000 USD.
Section 2: Timeline and Platform Development: The proposed timeline included six months for a government proposal and another six months for platform development. This was challenged, with suggestions to work on the platform and proposal concurrently to accelerate the process. The 10 million USD cost for platform development was questioned, with team members suggesting it might be significantly overestimated. The feasibility of the project with the current budget was a major concern.
Section 3: Legal Requirements and Startup Listing: The team discussed the requirements for startups to be listed on their platform. These included KYC compliance for the team, a compelling proposal outlining their business model, and potentially revenue or profitability milestones (possibly 100k for a single listing, or 10 million for 100 listings). The cost of building a startup exchange was compared to the cost of building a stock exchange 20 years ago, suggesting potential cost savings through alternative approaches.
Section 4: Addressing Concerns and Refining the Action Plan: The high initial budget of 10 million USD was identified as the primary obstacle. The team acknowledged the need to refine their action plan to make it more feasible. The discussion highlighted the need to explore alternative approaches, potentially starting with a smaller-scale pilot project. The team also mentioned ongoing discussions with the government regarding similar initiatives, suggesting that the project might already be partially supported or in the government's pipeline. Finally, the team concluded that the main challenge wasn't the funding itself, but rather navigating the legal complexities involved. A notable quote summarizes the team's realization: "The key problem...is not the 10 million, it's the legal hurdle."