Questions & Answers
Q: How long has Práctico Innovation been around?
A: We are a self-funded private company formed in Rhode Island in 2013.
Q: Who owns the ideas we submit?
A: Your idea belongs to YOU!! We will not share your business idea with anyone outside of our company. Those ideas which show the greatest promise, we will work to help you sell to your customers through our introductions.
Q: What does Práctico Innovation get from the ideas and businesses it invests in?
A: We ask for no equity initially from the ideas and businesses we invest in. We look to introduce you to clients who are interested in your products and services and assist in growing your revenues. As we help you grow and develop your business, we will look to invest additional capital along with other Investors to help you receive additional investments.
Q: How many business ideas have you invested in?
A: Since launching our first fund (Ignition Fund) in 2014, we have invested in 20 businesses.
Q: What type of support do your businesses receive?
A: There are custom workshops with ourselves and outside experts that focus on business idea validation, bottoms up research, customer acquisition and raising capital taught by entrepreneurs that have launched companies. We believe the workshops prepare you to successfully earn money from customers and raise money from Investors.