Pie Finance Limited

Business type

Crowdsource

Service/product description

Pie Finance offers an “ideas-to-financeable”, job and revenue generation solution. It enables entrepreneurs and innovators to get the resources (planning, prototyoing, sales and promotion etc.) to turn an idea into a financeable business. Using DealMaker Online, they can work with individuals and businesses to acquire spare time and resources on a premium priced, but paid out of generated revenue share basis. Combined with a matching database, the solution which is currently being spun into finance providers, entreprenur clubs and other organisations aims to help achieve a step change in the rate of global innovation significantly removing the barriers to market.

What does 'openness' mean in this case?

The company demonstrates a balance between open and tradional innovation practices to share risk and reward, but also maximise benefit to the UK economy. Openness in the route to market strategy. The platform is currently being spun into organisations here in the UK and overseas, on a generous revenue share basis, that can use it to benefit its members. To trying to ring fence some of the revenue and opportunity that will be generated to be channelled back through the UK, international patents (generally regarded as a closed innovation practice) have been filed in Europe, the US, Canada, China, India, Russia, Australia and a number of other countries with a view . Government support is sought to help with this “ring fencing” activity. Currently, the platform is used by the Oxford University Entrepreneur Society, a 6 month trial is planned with one of the banks, a deal flow arrangement has been put in place with one of the largest angel networks and interest has been shown by a number of other UK and overseas companies in offering the solution to their customers.