Impact Hub Crowdfunding Bid

Have you ever heard of crowdfunding?  It’s something that has been buzzing around in our collective brain for a while now so here is what it means:

Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”

We recently came across a crowdfunding initiative led by Impact Hub in Dubai and our collective antenna wobbled and wibbled a lot.  They were asking for applications from local startups to apply to participate in their crowdfunding event where finalists would be given the opportunity to make a four minute pitch to try to win the evening’s takings from attendees (the crowd) who had each paid 100dhs to be there (the funding).  If 100 people attend, the pot would contain 10,000dhs, if 200 people attend, the pot will contain 20,000dhs and so on.

You can’t imagine how far 10K would go for us and what an impact it would have on our beloved start up business.  So, with hope in our hearts, we applied and were mighty delighted to learn that we had made it through to the final ten!

Four minutes for our pitch?  You kidding?  We can talk for hours about how much we love reMADE DXB, how we got started, what we do, what we want to do, yadda, yadda, yadda.

We are huddled up right now putting ideas down on flash cards, tearing some up, re-writing some, condensing some, trying to use three words when what we really want to do is use 14, laughing, marvelling at our journey so far, feeling grateful that the universe smiles upon us and generally having an attack of nerves.

If you can make it to the event we would be forever grateful and will love you as much as we love chocolate Hob-Nobs and chicken shawarma from Al Razooqi.  Otherwise we will march boldly on where no sewing parlour has gone before and accept our fate with stoicism (but we REALLY want to win).  We will let you know the outcome.

Find the low down on Impact Hub (it’s a global phenomenon) here:  http://dubai.new.impacthub.net/

 

 

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