Difference between revisions of "Team:UMaryland/fundraising"

 
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<div style="width:70%;margin:auto;">
 
<div style="width:70%;margin:auto;">
 
<p style = "font-size: 32px"><b>A Step-By-Step Guide to Successfully Financing Your iGEM Team</b>
 
<p style = "font-size: 32px"><b>A Step-By-Step Guide to Successfully Financing Your iGEM Team</b>
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<li><a href="#whyfundraise" class="smoothScroll"><span>Why Fundraise?</span></a></li>
 
<li><a href="#whyfundraise" class="smoothScroll"><span>Why Fundraise?</span></a></li>
 
<li><a href="#preliminary" class="smoothScroll"><span>Preliminary Steps</span></a></li>
 
<li><a href="#preliminary" class="smoothScroll"><span>Preliminary Steps</span></a></li>
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<li><a href='#sources'><span>Where to look?</span></a></li>
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<li><a href='#sources' class="smoothScroll"><span>Where to look?</span></a></li>
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<li><a href='#grind'><span>The Grind</span></a></li>
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<li><a href='#grind' class="smoothScroll"><span>Making Cold Calls</span></a></li>
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<li><a href='#management'><span>Effective Management</span></a></li>
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<li><a href='#management' class="smoothScroll"><span>Effective Management</span></a></li>
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<li><a href='#misc'><span>Misc. Advice</span></a></li>
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<li><a href='#misc' class="smoothScroll"><span>Misc. Advice</span></a></li>
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<li><a href='#conclusion' class="smoothScroll"><span>Conclusion</span></a></li>
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<br>
 
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<p style = "font-size:22px"><b>Video</b></p>
 
<p style = "font-size:22px"><b>Video</b></p>
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<p style = "font-size:18px">Last, but not least, compiling a <b>Video</b> is a good way to spread the message to a large number of people. If your video is interesting, people will want to watch it and share it, creating organic growth that your team can take advantage of to make money. Having a video is also a critical component of crowdfunding. UMaryland iGEM’s 2015 Video is below.</p>
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<p style = "font-size:18px">Last, but not least, compiling a <b>Video</b> is a good way to spread the message to a large number of people. If your video is interesting, people will want to watch it and share it, creating organic growth that your team can take advantage of to make money. Having a video is also a critical component of crowdfunding. UMaryland iGEM’s 2014 Video is below.</p>
 
<iframe width="560" height="315" src="https://www.youtube.com/embed/ReEBV5vmKRs" frameborder="0" allowfullscreen></iframe>
 
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<a name="grind"><h2><b>The Grind: Using the Shotgun Approach</b></h2></a>
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<a name="grind"><h2><b>Cold Calling: The Shotgun Approach</b></h2></a>
 
<p style = "font-size: 18px">Don’t have any corporate connections? No worries, the shotgun approach is a systematic way to contact a large number of companies without becoming discouraged or fatigued. It allows you to send a personalized email to each company without spending hours researching that company. Furthermore, this method breaks down the outreach process into manageable chunks and applies assembly-line kinetics to simplify this complex task. It takes a bit of time to set up, but will save time in the long run.</p>
 
<p style = "font-size: 18px">Don’t have any corporate connections? No worries, the shotgun approach is a systematic way to contact a large number of companies without becoming discouraged or fatigued. It allows you to send a personalized email to each company without spending hours researching that company. Furthermore, this method breaks down the outreach process into manageable chunks and applies assembly-line kinetics to simplify this complex task. It takes a bit of time to set up, but will save time in the long run.</p>
 
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<p style = "font-size: 18px">3. START EARLY! We probably missed out on $5,000 - $10,000 because some connections were formed too late. Also, not having any money inflows for the first half of summer is extremely stressful.</p>
 
<p style = "font-size: 18px">3. START EARLY! We probably missed out on $5,000 - $10,000 because some connections were formed too late. Also, not having any money inflows for the first half of summer is extremely stressful.</p>
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<p style = "font-size: 18px">4. Buy a domain name. It's much easier to type in "umdigem.com" than "https://2015.igem.org/Team:UMaryland", and gives your team a cleaner touch.</p>
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<p style = "font-size: 18px">5. Expect to fail. Expect to be ignored. Unless someone explicitly tells you no, don't give up! That being said, courtesy dictates that you send no more than one soliciting email per week.</p>
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<p style = "font-size: 18px">6. Part of fundraising is networking. The larger your social network, the more people you can reach out to. Try to attend networking events whenever possible.</p>
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<a name="conclusion"><h2><b>Putting it all together</b></h2></a>
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<p style = "font-size: 18px">This guide is meant as a walkthrough for your team's fundraising efforts, and is designed to complement the existing iGEM fundraising guide by Andrew Hessel. In writing this, I tried not to re-state any of the information that was already on the Hessel guide. https://2008.igem.org/Funding</p>
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Latest revision as of 21:31, 18 September 2015