Business innovation through open collaboration

1. Business innovation through open collaboration

2. What is Babele? Babele is an online platform for collaborative business planning. It aims to bring the same revolution that open source did to IT programming, by applying crowdsourcing to business development. • We provide an open environment in which users: • build the project strategy using a simple methodology; • work together with communities of mentors and supporters; • validate and develop each project in a collaborative way.

3. How does it works? Each project has a core-team that develops the plan, while peers and mentors can track and validate the progress done. The project’s landing page is an overview of what the project is doing and how. Key information is displayed: such as the location, the development stage, the category and the model. The timeline contains posts and requests from the team, project’s updates, and any kind of feedback from the community.

4. The project plan The step-by-step methodology contains all projects’ aspects: from activities to resources, channels, financial estimations, etc. Whenever in need, the user can create a thread to discuss any topic with the other members of the project community. A clear explanation helps the user to answer each question, going through all the key topics of a complete business model. Mentors and supporters can read the updates of each business section and give open feedback.

5. Collaboration When the team is in need, can ask questions or start conversations with the community. Questions are grouped all in this page so that advisors can easily find all the hot topics . Each thread is multi-content. Users can post text, links, upload pictures, videos, files, and presentations.

6. The users Each user has a professional profile, which can be synchronized to the person’s account. The users can specify his competences or can cover a specific role, e.g. Entrepreneur, Mentor, etc. The user’s professional experience enables to allocate human resources to projects in the most effective way. Users create their own network of influence. They can create and follow projects, as well as follow or be followed by other users in the network.

7. Service for communities • We wish to offer Babele as an online support tool for incubators, universities and companies, in order to connect people and projects under the same “collaborative network”. • The main objective of the collaboration is to achieve a seamless integration with the your work format, so that we can only enjoy benefits and avoid drawbacks. • Key benefits for communities are the following: • Keep track of the progress done by the supported startups, while centralizing all feedback about their strategy in one place; • Stimulate the participation and collaboration between mentors, entrepreneurs, investors and other stakeholders; • Enhance the knowledge transfer between different startups – E.g. a wise remark or feedback to a project could be useful also for another.

8. Other key features • Mentors and other supporters receive notifications whenever a project was changed, enabling a high quality project tracking and follow-up; • Users can attach any file to the projects (Via Google Drive or Dropbox); • It is possible to download the PDF extract of the project plan; • The project methodology can be adapted to match any wished standard. It is customizable through an intuitive and easy-to-use editor.

9. Key contacts Emanuele Musa Cofounder manu@babele.co Ruxandra Creosteanu Cofounder ruxandra@babele.co