Software solution via secure website for UK businesses seeking finance or partnerships from investors and business angels.
September 21, 2005 (PRLEAP.COM) Business News
In the current aggressive dog eat dog culture, where any good idea has to be closeted to prevent plagiarism, the most frequently asked question is "What stops my business plan or invention from being ripped off by anyone viewing its content?" This major concern gags the development of British inventions and business ideas, and leaves us with a nation too paranoid to act with confidence. Now there’s a solution that looks watertight and profitable offered by profitengine.co.uk.Any entrepreneur wishing to submit a business plan does so by creating a free account, automatically generating a secure activation link that ensures only they can view their own idea online on the database. On the other side of the firewall, equally, only those Business Angel Networks and financial institutions bound by strict codes of ethics, having purchased the license, can cherry pick portfolios to suit individual clients’ investment criteria – also bound by non disclosure agreements.
The site’s full audit trail ensures that it is possible to track exactly who has been able to view any plan at a given time and “leakage” is in nobody’s interests. The identities of inventor and investor remain unknown until full non disclosure agreements have been secured and even beyond this, until such time as a meeting becomes entirely essential, thus eliminating back door investment and a chink in the armoury of security.
Business Angel networks and Investment Consultants sensitive to the fact that many successful ideas have been purloined and replicated without credit or recompense to the originator, and are trying to revive confidence in entrepreneurs following bad experiences who have seen years of brilliant ideas and hard work vanish overnight.
For all the softly softly approach by Angels treading carefully when entrepreneurs sharing ideas fear to rush into quick fix finance, as one major investor succinctly put it “If you need the money - at some stage you have to share your business plan with somebody”
Profitengine.co.uk is accepting free business plan submissions until the first 250 plans are received, after which time the £100 charge will take effect. To find out more visit the site or email enquiries@profitengine.co.uk or UK 0870 609 2296.