Innovative financing plan for start-up software companies

Innovative financing plan for start-up software companies

Sourceplicity introduce initiative solution for Start-up and Early Stage software development companies.

Due to the introduction of the new financial plan for Start-up and Early stage companies the innovation in

the Western Europe is implemented. For those companies Sourceplicity offers to develop software using

human resources. The difference between this expense and the commercial rate will be paid as the company

generates revenue with the developed products.

For Start-up and Early Stage companies it is expensive to develop the software themselves. Hiring

programmers, if it’s available, is time consuming. The average hourly rate in the Western Europe can be a

serious stumbling block. External hiring is often not possible at all because of the cost. Money for multiple

programmers working simultaneously is also not present. External financing is difficult to get. The result:

innovative, new ideas are suspended.

With this initiative Start-up and Early Stage companies can develop their software products better and

faster with a short time-to-market period at low cost using software development centre in Kaunas,

Lithuania. Thus the cost of a new product is 50-70 proc. lower than would be developed in the Western

Europe Countries.

The uniqueness of the model is that the companies along with Sourceplicity decide which programmers are

working together on the project, until the software is delivered.

At the time when the company will generate revenue Sourceplicity will pay the difference between the cost

and the agreed commercial rate. This can be based upon a percentage of sales or a fixed amount per period.

Also (part of) the outstanding amount can be converted to a predetermined number of shares in the

company.

For more information please visit: http://www.sourceplicity.com

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About Sourceplicity

Sourceplicity is part of Uniplicity BV, a Dutch software company. Uniplicity has its own development

team in Kaunas, Lithuania, affiliated with the Technical University there. This provides developers

Uniplicity called Sourceplicity, co-sourced software development services in a unique format: all of our

customers carry joint responsibility for the software developers at Sourceplicity in Kaunas. These

programmers are like part of the development of the customer in the Netherlands, however big or small the

team is. The customer will determine to a large extent is and how it should be developed. The customer

does Sourceplicity with the daily management and therefore has a significant voice in guiding and assessing

the programmers.

Category Software, Technology, Business

Tags tech start-up, start-up, software development, early stage companies, outsource to lithuania,

Outsourcing, co-sourcing

Email Click to email author

State/Province Kaunas

Country Lithuania