Back Up a Start Up

Help build virtual training grounds for start-uppers

Wednesday, March 4, 2015

What is Back UP a start-UP? A project designated to help start-uppers in High Tech industry to learn and develop skills necessary to survive in harsh business environment. Why is it important? Because start-ups create most of new jobs; Because start-ups are innovation driven businesses; they are the ones that bring fresh ideas and products. Because start-ups are a goldmine for investors as ROI can be astonishing (Microsoft anyone?). Because start-up survival statistics downright frightening - hardly 50% survive to their fifth year. Because not everyone is Bill Gates or Steve Jobs, whose natural talents, charm and drive compensate for lack of business experience and time proven skills. And together we can help them! With YOUR help and contribution, we can build virtual training grounds for development of skills necessary to start-uppers. Don't feed a starver with fish, as thus he will be satisfied once, better teach him fishing and he will be happy forever. To provide the start-uppers with facilities to learn "fishing" - this is our goal. So, how shall we do it? If we round down the reasons why start-ups fail, we'll end up with main two - lack of specific business oriented knowledge or skills. Both skills and knowledge can be attained by using business simulations. Therefore we want to create and develop a special company within Virtonomics, that will be: • a simulation of a start-up • high tech orientated, meaning players will be developing both new hardware and software products • the core and challenges of the game will be based on main reasons why start-ups fail • integrated into our global virtual economy to supplement it and gain natural feedback Start-up company will allow start-uppers to explore business environment, experiment and learn, by developing their business skills and gaining certain experience. After completing the case there would be less risk in starting and running your real business. And less risk means more chances to accomplish your ideas (make the new ideas come true). About us We are highly specialized international team of specialists of education and engineers from ICT sector. Virtonomics, one of our biggest projects, is a strategic online business simulator with a base of virtual economy that gathers over 1 million players. A virtual economy meant to simulate natural market economy and standard business processes. We have been successfully expanding our activities to research and develop highly innovative ICT solutions combining gaming, education, and entrepreneurship. We have a solid track of delivering quality solutions.

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