Innovative Financing Plan for Start-Up Software Companies

Utrecht, Netherlands, July 16, 2010 --(PR.com)-- Due to the introduction of the new financial plan for Start-up and Early stage companies the innovation in the Western Europe is implemented. For those companies Sourceplicity offers to develop software using human resources. The difference between this expense and the commercial rate will be paid as the company generates revenue with the developed products.

For Start-up and Early Stage companies it is expensive to develop the software themselves. Hiring programmers, if it’s available, is time consuming. The average hourly rate in the Western Europe can be a serious stumbling block. External hiring is often not possible at all because of the cost. Money for multiple programmers working simultaneously is also not present. External financing is difficult to get. The result: innovative, new ideas are suspended.

With this initiative Start-up and Early Stage companies can develop their software products better and faster with a short time-to-market period at low cost using software development centre in Kaunas, Lithuania. Thus the cost of a new product is 50-70 proc. lower than would be developed in the Western Europe Countries.

The uniqueness of the model is that the companies along with Sourceplicity decide which programmers are working together on the project, until the software is delivered.

At the time when the company will generate revenue Sourceplicity will pay the difference between the cost and the agreed commercial rate. This can be based upon a percentage of sales or a fixed amount per period. Also (part of) the outstanding amount can be converted to a predetermined number of shares in the company.

For more information please visit: http://www.sourceplicity.com

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