Arikovani (means ‘Beehive’ in Turkish) is a crowdfunding platform that helps entrepreneurs to obtain the funds they need to execute their technology- or innovation-oriented projects from the society.
What is Arikovani ?
What is ?
The concept known as "crowdfunding" is a way to. create financial resources for projects. It helps the project owners to obtain the financial resources they need to create the products they work on by receiving small to large support from the members of the society rather than financing the projects with an investment of a single person or a company.
What does crowfunding look like ?
It would be right to consider crowdfunding as a type of collective work, an important element of the Turkish culture, carried out via online platforms within the framework of certain rules and obligations. The purpose of both practices is to solve problems of the society through mutual help.
Purpose of Arikovani
The main objectives of Arikovani are to increase domestic technology production of Turkey and to raise the social awareness on supporting the production of technology. For this purpose, it helps technology projects that address a real need or solve a real problem to reach their target audience and obtain their funding at early stages. If the society gets involved and helps to shape the technology projects at earlier stages, enables it to play a role in breakthrough innovations.
Examples in the World
Crowdfunding is used widely, especially in the USA and Europe. For example, both, the Oculus Rift project, the pioneers of virtual reality trend, and the Pebble smart watch project, the pioneers of wearable technology trend, were realized through donations obtained via crowdfunding platforms.
Turkey’s first marketplace dedicated to entrepreneurs, Arıkovanı Store presents Turkish entrepreneurs’ latest products in the commercial stage. Arikovani Store offers consumers the opportunity to own the most innovative technologies at an advantageous price and early on by ordering.
What are the criterias of projects?
Projects that have a prototype and meet Arikovani criteria may submit their application by using the online form on Arikovani platform.
- Projects that are technology- and innovation-oriented
- Developed for end users
- Have a prototype built
- Able to go mass production in short time
- And have no previous sales activity may be posted on Arikovani platform.
Projects with approved applications first go to "Crowd Thinking" phase. Here, the project meets with its target audience for the first time and gets the chance to evolve in line with the needs and demands of the community through receiving feedbacks from Arikovani’s community.
At the ‘Crowdfunding’ stage, the project meets with the public through Arikovani and can be supported by anyone, who wishes to do so. Project owners, whose project reaches or exceeds the targeted support amount after 60 days, are to deliver their determined rewards to their supporters on the date they promised.
In Case Of Failure
If a project fails to reach its target, the support amount will be returned to the supporters without any deduction. In case of such a failure scenario, the entrepreneur may rejoin Arikovani after completing the missing points of his/her project and making it more adequate to the needs of the target audience.
What Arikovani Is Not About ?
- Not an incubation center or an acceleration program.
- Not a capital support center.
- Not a business development center or consultancy firm.
- Not an investor.
- Not an e-business platform; its purpose is to help projects become reality.
- Not an investment platform; you cannot become a partner to the project owner enterprise in return of your support.
- Not a broker; it does not require commission fees from supporters and project owners in return of its services.
Things You Should Know
Arikovani, first priority to ensure the foundation of mutual trust in order to make sustainable the success of more projects.
For that reason, we all have issues.
Before you give your support to a project, you must be sure that you know everything about the project and the team behind it. For this, you may read the information on the project page, or if this is not sufficient, you may conduct a comprehensive online search or directly contact the project owner.
Before you give your support to a project, it would be good practice to read the comment section on the project page in order to know what others think about the project and the project team.
If you find anything contrary to Arikovani rules on any project page, you must report it immediately. Each and every reported project will be reviewed in depth by Arikovani curator team. Projects that violate rules will be removed from Arikovani immediately without any exception.
Arikovani is not an e-business platform. Your support will be used for the accomplishment of the project. Projects may suffer from delays, setbacks or even suspension.
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I'm a Project Owner
You may start a campaign on Arikovani only for technology- and innovation-oriented projects with ready prototypes.
You must be the owner and developer of the idea behind the project that you put on Arikovani. You may not start a campaign on Arikovani by using unauthorized copies of copyrighted or patented products.
Arikovani is not just a platform to make money or to grant funds without return. You must deliver the promised rewards and gifts to your supporters in return of their support.
Arikovani is not an e-business platform. Your support will be used for the accomplishment of the project. Projects may suffer from delays, setbacks or even suspension, you should support with this knowledge.
Project owners may not give any items that involve alcohol, gambling, firearms or other prohibited contents as a gift or reward.
Projects owners may not offer shares, reimbursement or other financial benefits to your supporters in order to raise funds to your project.
You must have a well-prepared plan for the project that you want to submit for campaign. You must be realistic about the amount of support you need for your project and make the most effective use of it after collection.
You must not post any inaccurate content for your campaign. You must not mislead your supporters with exaggerated gifts. You must be transparent to your supporters.
You must not be emotional when reacting to respectful criticism towards your project, campaign promotion, gifts and rewards, and even your team and yourself. You must not forget that listening to criticism would help you develop your project even better.
You may start a campaign on Arikovani only for projects with ready prototypes. In other words, you should have produced the prototype of the project.
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