I covered TechDay in New York City at the Jacob Javits Center this past Friday. TechDay gives attendees the opportunity to discover the latest technologies and innovate startups.
Organizers of the event offered the opportunity to: network with Venture Capitalists, Accelerators listen to Tech Talks, Fireside chats and pitch your Start up. Attendees also can look for a job or business opportunity with exhibitors and start ups. Entrepreneurs even had the opportunity to audition for SharkTank.
The council’s mission is to: collectively representing tech, life science and tech-related companies and organizations as well as the professional firms that support them, the Tech Council has the unique ability to:
Offer opportunities to learn, network and grow
Recognize and promote member companies and their leadership
Nurture the tech and STEM talent pipeline critical to growth
Provide access to financing sources and additional resources
Advocate and support public policy which strengthens our ecosystem
Founded in 1996, the Council is a private, nonprofit membership organization, which supports the tech, innovation, and entrepreneurial ecosystems across the state and region. It is among the largest and most respected trade organizations of its kind nationwide.
The focus of the event was to help New Jersey startups grow and raise funds. Startups pitched their businesses and asked for funding.
There were two rounds of pitches along with networking opportunities. The startups that pitched represent industries such as but not limited to: EdTech, E-Learning, Healthcare, Sports Betting and esports.
Round 1 included
LifeCuff Technologies Inc.
TrueConnect Systems, Inc
MARCo Technologies LLC
Life Skill Software
Round 2 Included
Smirta Innovations Inc.
Commerce Blitz, LLC.
XPEED Turbine Technology
ROAR for Good
Indie Art World
Caregiver Smart Solutions
MYXR Events Corp.
You could feel the energy and excitement in the air as I was able to speak with 48 innovate startups.
I really enjoyed the keynote speech by the FanDuel EVP & Head of Strategy David Van Egmond.
In the speech, he discussed how he helped FanDuel grow and succeed. He also discussed the industry of online sports betting and esports; both are growth industries. These industries are legal in New Jersey and serve as a great source of revenue for the state.
It was a great event. I want to thank the NJ Tech Council for allowing me to cover the conference.
In Non-Profit Organizations, funds to help people and causes are largely generated from donations and grants. Donations and grants are what pays employees and other operational expenses. While many Non-Profit organizations get donors to donate money, they struggle to get repeat donations from these donors. According to Seth Godin, the average donor retention rate is 29.3%. This leaves a lot of missing Revenue.
Much like their for Profit Counterparts, Non-Profits need to find ways to keep and retain customers. It is cheaper to retain current customers than to acquire new ones. Yes, Customer Acquisition is important but it is not effective to forget about current customers as they can help with customer acquisition using work of mouth.
Non-Profits can Generate Revenue beyond Donations and Grants in the following ways:
Charging for Conferences and events
Creating a Subscription Based Blog or Newsletter either charging for this or offering a freeminum model with paid features
Offering Free Trials of Products and Services then charging for them
Charge for Memberships to the Non-Profit or Professional Association offering discounted pricing to stakeholders at various institutions
Partner with Colleges and Universities to Offer Free Memberships to Students with elevated pricing as they go into the profession
Partner with the Private Sector, offer Sponsorships