«Let your enthusiasm turn into money!» Another crash-test successfully completed!

03.11.2012 tagged as ,

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Last Saturday, on October 27, the third crash-test organized by Simpals Garage business incubator was held in Moldova. One of the capital’s restaurants hosted the informal discussions of several business mentors on the opportunity of carrying out a project submitted by Moldovan startuppers.

Now about the project. Jacob and Serghey presented the project «WeezPay», which is an attractive program connected with customer loyalty. Unfortunately, we are unable to fully describe this idea. Yet, there is one “but”: the idea is not a new or unique one, since there are analogies in the world already, which are quite successful.
The guys assured their mentors of the fact that they had taken into account all the shortcomings of existing global analogies of this idea and adapted it to the Moldovan market. However, business mentors asked questions that the young entrepreneurs were unable to answer yet.

By the way, this time the panel of mentors has changed. Dmitry Voloshin, founder of Simpals Garage business incubator, participated as usual as well as Andrey Shouleansky and Vitali Eshanu, one of the first Moldovan startuppers. The newcomers among the mentors were Pavel Zingan and Evgheny Boyko. We are sure that this «joining» will help our young entrepreneurs obtain great results as a new experience always brings along new ideas. ☺

At the end of the third round of negotiations, the project was rated as raw, but fortunately it wasn’t abandoned. The mentors came up on the spot with several alternative proposals for the improvement of this project. And, as it often occurs during such discussions, right there a completely new idea was born, whose working principle was totally different from the one proposed by the young entrepreneurs.

Thus, we want to convey to all those wishing to test their own ideas Dmitry Voloshin’s words: «What exactly does your idea bring to end users? Your service will not be used just because it’s financially advantageous. It must give end users a sense of belonging to something extraordinary. Pay attention to their emotions».

Until then, let us remind you that the next Startup Weekend will take place from 16 to 18 November. Stay tuned for the news.

Watch below to find out how the third crash-test was held:

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