Fervi | Application Preview
Fervi is seeking government grant funding to cover essential expenses related to launching their business, including legal start-up costs, website development, marketing, and acquiring their first sweepstakes item.
The business model centers around forming partnerships with non-profit organizations. Fervi plans to collaborate with three non-profits initially, with a goal of adding three more each year for the next five years, aiming for a total of twelve partnerships. Each month, they intend to facilitate a sweepstakes, reinvesting any profits to enhance prizes and marketing strategies, ultimately increasing their contributions to these organizations.
Approving this funding would enable Fervi to positively impact the communities served by the non-profits, allowing them to focus on their missions while entrusting fundraising efforts to Fervi. By leveraging a specialized approach, Fervi aims to reach a wider audience and generate more significant support than non-profits currently achieve independently.
In terms of competition, there is only one similar company, based in LA, that has shifted its focus to international operations. Fervi believes their competitive edge lies in their commitment to the non-profits they partner with, rather than merely pursuing sweepstakes. This focus on impactful relationships positions them to make a profound difference in the communities they serve.
-
General Information
Business Registration Number: 93-3605937
Location: Newnan, GA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
-
Funding Usage
We would look to use these funds to pay for legal business start-up expenses, website development, marketing, and the purchase of our first sweepstakes item.
-
Business Plan
We already have three non-profit organizations that we are looking to partner with to start. Within the next five years we plan to expand our relationships with non-profit organizations adding three new relationships each year. Our goal over the next 5yrs is to actively manage twelve non-profit relationships helping to facilitate a sweepstakes once a month. We'd like to re-invest back into the business to scale our prizes and marketing efforts to grow each sweepstakes opportunity and contribute more and more to non-profit organizations. This business strategy will undoubtedly impact the communities each non-profit serves. We look to benefit non-profit organizations in a larger way than we could individually. By partnering with us, these non-profits can do more of the work they are passionate about, and leave the fundraising efforts to us. Because of our specialized approach, we will have a broader reach than many non-profits do now and be able to benefit them more than their efforts currently do. We'd like to change the world, one community and one non-profit at a time. If you're passionate about the work non-profits do and want to make a long lasting impact, this business is one that you'll want to be a part of.
-
Self Identified Competition
There is only one company that we are aware of that does work similar to what we are looking to do. They are based out of LA and have expanded internationally. They have since stopped their US efforts and solely operate in the UK. The other company referred to above is based out of LA and their non-profit partnerships do not seem to have any correlation. It seems like they are more interested in the sweepstakes than the non-profits. Our goal is to focus on the non-profits we have personally been impacted by and the ones we see making the largest impact in their communities. There are other types of commercial fundraising companies out there, but with our specific approach, we feel confident that our reach will be more broad and our impact will be greater.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
