Danish event platform Conferize gets a DKK 4M grant from state-owned The Market Development Fund (Markedsmodningsfonden)

Denmark 20 September 2016
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Conferize ApS has developed an online platform for professional events such as conferences, seminars and trade shows.

Here organizers create online communities that allow participants to communicate with each other before, during and after the event itself.

The solution creates benefits for all parties: participants have the opportunity to communicate with each other and share knowledge, organizers can promote their events to a larger audience online, while users of the platform can follow the relevant events online without participating physically.


The project aims to test and adapt the platform specific components in cooperation with a number of selected event organizers in this regard has agreed to provide ongoing feedback on their experiences with the solution.

The platform is currently an "open beta" and thus be open to new customers. Conferize currently has about 10,000 free users and currently receives over 200 new events per month, and it provides additional options in the project to test existing customer behavior and receive feedback in a real life situation '. This can be clarified exactly which product packages and rates the customers will pay for.

 

Conferize targeted the international market for the marketing of events, primarily in the US, UK and Scandinavia. In the US, it adds up to 58.5 billion. kr. annually and over 200 million. kr. in Denmark.

Effects and deliverables of the project

the project holder's expected impact on growth and employment after 5 years:
Jobs: 74
Increased exports: 85.5 million. kr.
Increased revenue: 90 million. kr.

Approved quotes for press
"Market Maturation Fund is a unique initiative that supports startups like us to turn innovation into a healthy bottom line. That creates jobs and growth for the benefit of the whole community."
- Martin Ferro-Thomsen, CEO.

"It is gratifying to Market maturing Foundation chose to support us just now that event organizers worldwide demand for our innovative solution. With the assistance allocated, we could focus on getting our product matured and reach out to more customers. "
- Jon Schaffer, CCO.

Original story

Total investments received (USD): 2.33M

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