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“A dream you dream alone is only a dream. A dream you dream together is reality.”
– John Lennon
Claudia Iavorenciuc, 32
Strategy & Change
professional
Economist, MBA
Co-Founder
Strategy & Operations
George Iavorenciuc, 26
Start-up Manager
Studies in International
Affairs
Co-Founder
Partnership Development
Gabriel Bunescu, 27
Marketing & PR
specialist, Graphic
designer
Marketing &
Communication
Ciprian Cimpan, 26
Web Developer
Project Manager for
Online Development
Software Platform
Development
Ella Nitura, 26
Graphic & Web
Designer
specialist
Graphic Design and
Identity Creation
www.eudream.eu
www.eudream.org
Presentation
InnoPitch, Brussels, June 2013
Why Our mission, goal and objectives
Who Understanding our customer needs and values
Where Understanding our market and competitors
How Our business model for delivering value
When Implementation time-line
What Project funding needs and financials
= Challenges and Opportunities
Summary
Our mission , goal & objectives
Mission
to build the EU Dream by protecting the crafts across Europe and enhancing
the people’s talent, skills and extraordinary stories that represent the
European vivid tradition.
provide an online platform where craft men and women across Europe
come together, present their stories and sell their products.
Goal
2013 – create platform and introduce on the European market
Objectives
2014 – reach critical number of 2,500 craft members
2015 – extend support provided with partnerships for micro-financing
Why Who Where How WhenWhat =
Understanding our customer needs
and values
Why Who Where How WhenWhat =
Open to new markets within Western Europe with high buying power
Affordable web-based solutions for marketing, promotion and sales of craft products
Support through local Associations to build professional trustworthy online presence
Access to strong network of Craft Associations and members facing similar challenges
EU Dream
Proposition
Access to limited local markets with low buying power
Decreased local craft production
Low income, high risk - dependent on few buyers
Low attractiveness for new generations
Shortage of skills
Low capacity, dependent on owner & family
Negative impact on local economy
Problems
mymela.com
icraftgifts.com
Understanding our market and
competitors
Why Who Where How WhenWhat =
Webshop Network
Europe - Germany
shopwindoz.com
dawanda.com
Europe - the UK
folksy.com
notmassproduced.com
misi.co.uk
coriandr.com
The US
etsy.com
bonanza.com
artfire.com
supermarkethq.com
goodsmiths.com
handmadeartists.com
zibbet.com
marketplace.poppytalk.com
madeitmyself.com
ecrater.com
renegadecraft.com
spoonflower.com
freecraftfair.com
imadeitmarket.com • Very fragmented market with main online providers in the US
• High market growth in the US, with limited coverage of European
market
• Few players in Germany and the UK – focused on creative & gift
markets, pure web shop business model
Understanding our target market
Craft Buyers in Europe
Target Craft
Buyers
Western Europe developed market
the UK, Belgium, the Netherlands, Western Germany, Switzerland, Austria, North Italy
Why Who Where How WhenWhat =
The most significant purchasing driver is the skill behind
the craft.
• Offer of local European craft traditional and creative products
• Access to products and craft skills from developing Europe that otherwise are
hardly available
• Support local Associations to survive, protect and grow the traditional European
identity
EU Dream
Unique
Proposition
Attributes for the crafts: handmade, workmanship,
personal, genuine, rural, for everyone.
Only in England 40% of adults (16.9 million people) have
purchased a craft object.
A further 23% (9.6 million people) would consider buying
a craft object.
Understanding our target market
Craft Producers in Eastern Europe
Why Who Where How WhenWhat =
Target Craft
Associations
& Members
Developing Eastern Europe countries with local traditional
crafts still present
High quality and craftsmanship
Mostly rural presence with limited access to online
network
Low percentage focused on touristic products / gifts
Very poor online presence (if any) through own webpage
No online media marketing and promotion
Linguistic barrier stopping them to sell outside local country
Hard to get funding from financial institutions, because they are considered highly risk
businesses
Our business model for delivering
value
Why Who Where How WhenWhat =
EU Dream
Online
Profile
• Create Online page for Association
• Create Profile for selected members of the Association with story
of presentation (local language and English)
Build craft
products
portfolio
• Upload info for craft articles for sale, with professional
photographs, customization and logistics details
Market EU
Dream
• We conduct marketing campaign for EU Dream platform in Target Craft Buyers areas and
specialized media
• Ensure operability and maintenance for online operations, including email, web-page and
web-shop capabilities
Manage
online
operations
• Once order from buyer received, craft member creates and delivers products with
logistical support from local Association
Create and
deliver
products
• Manage security of transactions with confirmation of customers together with online
payment service provider
Confirm
transaction
• Customers give reviews and feedback to craft producers, and Association endorses the
reputation of local members
Build
reputation
Our business model for delivering
value
Why Who Where How WhenWhat =
Value PropositionKey ActivitiesKey Partnerships Customer
Relationship
Customer Segments
Channels
Revenues & funding
Costs
Specialized online
services for crafts
across Europe for
networking,
presentation,
marketing and
selling local craft
products
Operational
online
maintenance
Association
relationship
management
Social
media
marketing
Events
marketing
Local Craft
Associations
Regional &
European
Craft
Organizations
Chambers
of
Commerce
Local
authorities
Online
platform
maintenanc
e
Social
media
marketing
partners
Craft
associations
Members
Talented
independent
artists – crafts
Online
platform /
community
Social
media
Online /
social
media
Craft
Associations &
Organizations
Specialized
events & fairs
Specialized
magazines,
radio & TV
programs
Online
platform
Maintenance
& Content
editing
Marketing
campaigns
Photography,
translation
services
Salaries
operational
Crafts Re-
sellers /
networks
Commission
sales
Operational –
customers
management
Operational
transactions
governance
Key Resources
Network of
crafts
association
Network of
early adopters
& supporters
Team Online
platform
Apprentice
& craft
schools
SubsidiesAdvertising
revenues
Direct –
through
local reps
Project funding needs and financials
Why Who Where How WhenWhat =
Type of Cost Details Timeframe
Amount
(€)
Investment
Online Platform Development June - Sept 13 20,000
Operational Costs
Accounting & legal services June 13 - Mar 14 7,000
Content editing 1 FTE (first 6 m), 2 FTE (after 6 m) Aug 13 - Mar 14 12,000
Marketing specialist 1 FTE (first 6 m), 2 FTE (after 6 m) Aug 13 - Mar 14 12,000
Martketing campaign
- introduction on 5 major capitals @ 5000 Eur/each location Oct 13 25,000
- Christmas campaign @ 3000 Eur/each location Nov-Dec 13 15,000
- continous budget @ 2500 Eur/month starting 2014 Jan-Mar 14 7,500
- quarterly campains @ 1500 Eur/location Q 1 2014 7,500
Other administrative & transport expenses 7,000
113,000
Revenues Q 4 2013 1,181
Revenues Q 1 2014 11,625
12,806
100,194
Total Revenues June 2013 - Mar 2014
Total costs June 2013 - Mar 2014
Total funding need
Funding needed for initial
investment and operational
costs
Break-even reached in April
2015
Implementation timeline
Why Who Where How WhenWhat =
June – Aug
2013
• Online Platform Development
• Build Partnership network with local associations and organizations
Aug – Sept
2013
• Build Association web pages and Members profile with product portfolios
Oct
2013
• We conduct marketing campaign for EU Dream platform in Target Craft Buyers areas
and specialized media in London, Brussels, Amsterdam, Bonn, Milan
Nov - Dec
2013
• We conduct Christmas marketing campaign in Target Craft Buyers area and media
2014
onwards
• Develop Partnership network and reach total of 2,500 Members on the EU Dream
platform at end of 2014
2014
onwards
• Build online presence and reputation in the Target Craft Buyers areas, maintain
sustained sales growth rate in Europe
2015
• Start Partnerships with Micro-finance institutions and local authorities to support
increasing capabilities of the local craft EU Dream Members
• Develop crowd-funding capabilities on the EU Dream platform
• Extend support services for local crafts – according to specific needs
Challenges and Opportunities
Why Who Where How WhenWhat =
• Reaching critical number of local rural craft
associations
• Ensuring good responsiveness and quality of
materials provided by members
• Control over the quality and quick delivery of
products
• Building reputation in the Western European
market
Challenges Opportunities
• Unexplored market, with limited online presence
• Fragmented network of crafts producers currently
across Europe.
• Growing interest for buyers of crafts
• Change in customer’s values with preference for
local, hand-made products
Crafts
became solid
businesses
Keep the
European
vivid tradition
EU
Dream
Impact
Increase local craft
production
Make it attractive for
new generations &
keep skills
Thank you !
Let’s build together
the EU Dream!
www.eudream.eu
www.eudream.org

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EUdream Presentation InnoPitch 2013

  • 1. “A dream you dream alone is only a dream. A dream you dream together is reality.” – John Lennon Claudia Iavorenciuc, 32 Strategy & Change professional Economist, MBA Co-Founder Strategy & Operations George Iavorenciuc, 26 Start-up Manager Studies in International Affairs Co-Founder Partnership Development Gabriel Bunescu, 27 Marketing & PR specialist, Graphic designer Marketing & Communication Ciprian Cimpan, 26 Web Developer Project Manager for Online Development Software Platform Development Ella Nitura, 26 Graphic & Web Designer specialist Graphic Design and Identity Creation www.eudream.eu www.eudream.org Presentation InnoPitch, Brussels, June 2013
  • 2. Why Our mission, goal and objectives Who Understanding our customer needs and values Where Understanding our market and competitors How Our business model for delivering value When Implementation time-line What Project funding needs and financials = Challenges and Opportunities Summary
  • 3. Our mission , goal & objectives Mission to build the EU Dream by protecting the crafts across Europe and enhancing the people’s talent, skills and extraordinary stories that represent the European vivid tradition. provide an online platform where craft men and women across Europe come together, present their stories and sell their products. Goal 2013 – create platform and introduce on the European market Objectives 2014 – reach critical number of 2,500 craft members 2015 – extend support provided with partnerships for micro-financing Why Who Where How WhenWhat =
  • 4. Understanding our customer needs and values Why Who Where How WhenWhat = Open to new markets within Western Europe with high buying power Affordable web-based solutions for marketing, promotion and sales of craft products Support through local Associations to build professional trustworthy online presence Access to strong network of Craft Associations and members facing similar challenges EU Dream Proposition Access to limited local markets with low buying power Decreased local craft production Low income, high risk - dependent on few buyers Low attractiveness for new generations Shortage of skills Low capacity, dependent on owner & family Negative impact on local economy Problems
  • 5. mymela.com icraftgifts.com Understanding our market and competitors Why Who Where How WhenWhat = Webshop Network Europe - Germany shopwindoz.com dawanda.com Europe - the UK folksy.com notmassproduced.com misi.co.uk coriandr.com The US etsy.com bonanza.com artfire.com supermarkethq.com goodsmiths.com handmadeartists.com zibbet.com marketplace.poppytalk.com madeitmyself.com ecrater.com renegadecraft.com spoonflower.com freecraftfair.com imadeitmarket.com • Very fragmented market with main online providers in the US • High market growth in the US, with limited coverage of European market • Few players in Germany and the UK – focused on creative & gift markets, pure web shop business model
  • 6. Understanding our target market Craft Buyers in Europe Target Craft Buyers Western Europe developed market the UK, Belgium, the Netherlands, Western Germany, Switzerland, Austria, North Italy Why Who Where How WhenWhat = The most significant purchasing driver is the skill behind the craft. • Offer of local European craft traditional and creative products • Access to products and craft skills from developing Europe that otherwise are hardly available • Support local Associations to survive, protect and grow the traditional European identity EU Dream Unique Proposition Attributes for the crafts: handmade, workmanship, personal, genuine, rural, for everyone. Only in England 40% of adults (16.9 million people) have purchased a craft object. A further 23% (9.6 million people) would consider buying a craft object.
  • 7. Understanding our target market Craft Producers in Eastern Europe Why Who Where How WhenWhat = Target Craft Associations & Members Developing Eastern Europe countries with local traditional crafts still present High quality and craftsmanship Mostly rural presence with limited access to online network Low percentage focused on touristic products / gifts Very poor online presence (if any) through own webpage No online media marketing and promotion Linguistic barrier stopping them to sell outside local country Hard to get funding from financial institutions, because they are considered highly risk businesses
  • 8. Our business model for delivering value Why Who Where How WhenWhat = EU Dream Online Profile • Create Online page for Association • Create Profile for selected members of the Association with story of presentation (local language and English) Build craft products portfolio • Upload info for craft articles for sale, with professional photographs, customization and logistics details Market EU Dream • We conduct marketing campaign for EU Dream platform in Target Craft Buyers areas and specialized media • Ensure operability and maintenance for online operations, including email, web-page and web-shop capabilities Manage online operations • Once order from buyer received, craft member creates and delivers products with logistical support from local Association Create and deliver products • Manage security of transactions with confirmation of customers together with online payment service provider Confirm transaction • Customers give reviews and feedback to craft producers, and Association endorses the reputation of local members Build reputation
  • 9. Our business model for delivering value Why Who Where How WhenWhat = Value PropositionKey ActivitiesKey Partnerships Customer Relationship Customer Segments Channels Revenues & funding Costs Specialized online services for crafts across Europe for networking, presentation, marketing and selling local craft products Operational online maintenance Association relationship management Social media marketing Events marketing Local Craft Associations Regional & European Craft Organizations Chambers of Commerce Local authorities Online platform maintenanc e Social media marketing partners Craft associations Members Talented independent artists – crafts Online platform / community Social media Online / social media Craft Associations & Organizations Specialized events & fairs Specialized magazines, radio & TV programs Online platform Maintenance & Content editing Marketing campaigns Photography, translation services Salaries operational Crafts Re- sellers / networks Commission sales Operational – customers management Operational transactions governance Key Resources Network of crafts association Network of early adopters & supporters Team Online platform Apprentice & craft schools SubsidiesAdvertising revenues Direct – through local reps
  • 10. Project funding needs and financials Why Who Where How WhenWhat = Type of Cost Details Timeframe Amount (€) Investment Online Platform Development June - Sept 13 20,000 Operational Costs Accounting & legal services June 13 - Mar 14 7,000 Content editing 1 FTE (first 6 m), 2 FTE (after 6 m) Aug 13 - Mar 14 12,000 Marketing specialist 1 FTE (first 6 m), 2 FTE (after 6 m) Aug 13 - Mar 14 12,000 Martketing campaign - introduction on 5 major capitals @ 5000 Eur/each location Oct 13 25,000 - Christmas campaign @ 3000 Eur/each location Nov-Dec 13 15,000 - continous budget @ 2500 Eur/month starting 2014 Jan-Mar 14 7,500 - quarterly campains @ 1500 Eur/location Q 1 2014 7,500 Other administrative & transport expenses 7,000 113,000 Revenues Q 4 2013 1,181 Revenues Q 1 2014 11,625 12,806 100,194 Total Revenues June 2013 - Mar 2014 Total costs June 2013 - Mar 2014 Total funding need Funding needed for initial investment and operational costs Break-even reached in April 2015
  • 11. Implementation timeline Why Who Where How WhenWhat = June – Aug 2013 • Online Platform Development • Build Partnership network with local associations and organizations Aug – Sept 2013 • Build Association web pages and Members profile with product portfolios Oct 2013 • We conduct marketing campaign for EU Dream platform in Target Craft Buyers areas and specialized media in London, Brussels, Amsterdam, Bonn, Milan Nov - Dec 2013 • We conduct Christmas marketing campaign in Target Craft Buyers area and media 2014 onwards • Develop Partnership network and reach total of 2,500 Members on the EU Dream platform at end of 2014 2014 onwards • Build online presence and reputation in the Target Craft Buyers areas, maintain sustained sales growth rate in Europe 2015 • Start Partnerships with Micro-finance institutions and local authorities to support increasing capabilities of the local craft EU Dream Members • Develop crowd-funding capabilities on the EU Dream platform • Extend support services for local crafts – according to specific needs
  • 12. Challenges and Opportunities Why Who Where How WhenWhat = • Reaching critical number of local rural craft associations • Ensuring good responsiveness and quality of materials provided by members • Control over the quality and quick delivery of products • Building reputation in the Western European market Challenges Opportunities • Unexplored market, with limited online presence • Fragmented network of crafts producers currently across Europe. • Growing interest for buyers of crafts • Change in customer’s values with preference for local, hand-made products Crafts became solid businesses Keep the European vivid tradition EU Dream Impact Increase local craft production Make it attractive for new generations & keep skills
  • 13. Thank you ! Let’s build together the EU Dream! www.eudream.eu www.eudream.org