Each Turtlesnap Ventures entity, located anywhere in the world where there is a need and desire for job-creating new enterprises, identifies opportunities and entrepreneurs in conjunction with its local Turtlesnap partners. These partners may be private investors, international development agencies, local governments and non-profit organizations. Companies developed by Turtlesnap can be for profit or not-for-profit since the same disciplines apply to both.
Once priority areas are determined, one or more Turtlesnap Symposia are conducted around the selected area to bring together the world's best experts on the topic. Turtlesnap Mentors and sister Turtlesnap entities also interact using web tools. These affiliates will often provide strategic partners, investors, training, management and advisors for the new company.
Turtlesnap Ventures then takes over and provides the following:
1. Up to $1 million line of credit to fund incorporation of the company and for creation and continuous improvement and development of a business execution plan using systems and procedures that have been time tested by successful venture capitalists and entrepreneurs.
2. Ongoing support and access to experts in every area of corporate development. A full time Turtlesnap advisor is assigned to each company, no more than 5 companies per advisor, whose job it is to address the needs before they create problems and to insure that the company has access to all resources that are needed for success. Taking advantage of a range of web tools, advice is available 24/7 from Turtlesnap Mentors who are part of the growing global database of experts.
3. Continual monitoring designed to help achieve early profitability which will enable the company to raise growth capital (or donor support in the case of not-for-profits) on the most favorable terms and to achieve independence from Turtlesnap at the earliest possible date. Many incubators get clogged with people who are not true entrepreneurs and Turtlesnap employs disciplines to identify such people early in the process. The average stay of a new company in a Turtlesnap home base is 2-3 years.
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