Innovative financing plan for start-up software companies
Sourceplicity introduce initiative solution for Start-up and Early Stage software development companies.
Published on: Mar 4, 2016
Transcripts - Innovative financing plan for start-up software companies
Loosdrecht, 7 July 2010.
Innovative financing plan for start-up software companies.
Due to the introduction of the new financial plan for Start-up and Early stage companies the
innovation in the Netherlands 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
Netherlands 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 Netherlands.
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 then 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.
Note to editors not for publication:
For more information please contact: Jos Dikhoff
Mobile phone: 0653 870907
E-mail: @ jos.dikhoff sourceplicity.com
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.