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Advice You - Art Fundraiser for NonProfit Groups
A fun way to raise funds is doing an art raffle fundraiser. Essentially, you host an event where local artists donate a sample of their work and your group sells a select number of high-d
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ollar raffle tickets, usually the same number as donated art items. The tickets are then randomly drawn at a gallery-style event and each ticket holder selects their artwork right off the
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
walls.
Getting started
To pull of this type of fundraising event, you'll need extensive contacts in the art community to get donated artwork, an upscale location for the event, and
Getting started
To pull of this type of fundraising event, you'll need extensive contacts in the art community to get donated artwork, an upscale location for the event, and
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
some good publicity to attract well-heeled art patrons.
While an art gallery would be a great location, it isn't absolutely essential. A corporate headquarters location, convention cente
While an art gallery would be a great location, it isn't absolutely essential. A corporate headquarters location, convention cente
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
r, or community meeting place will also make good locations. You need a well-known location with plenty of parking and permission or permits to serve food and alcoholic beverages.
Gettin
Gettin
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
art donated
Artists want exposure to large gatherings of potential buyers, but they don't want to work for free. You have to convince them that the exposure is well worth their dona
Artists want exposure to large gatherings of potential buyers, but they don't want to work for free. You have to convince them that the exposure is well worth their dona
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
tion.
One approach is to invite them to the event where they can mingle with the art patrons, describe their pieces, and make contacts for other sales.
Another approach is to prominentl
One approach is to invite them to the event where they can mingle with the art patrons, describe their pieces, and make contacts for other sales.
Another approach is to prominentl
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
feature each artist's biography, along with pictures and descriptions of the type of work they do, and include their contact information in a booklet distributed to all event attendees.
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
Getting publicity
Your art raffle definitely needs publicity to succeed. Create a press release and get copies of it to every newspaper, radio station and television station in your
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
market. Be sure to include full contact information for media interviews.
Also include links to your website where additional information can be found about the event, your cause, and fu
Also include links to your website where additional information can be found about the event, your cause, and fu
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rther descriptions of participating artists and the artwork being offered.
A catchy name for your event definitely helps. Try something like "Off The Wall Fundraiser" or cause-related li
A catchy name for your event definitely helps. Try something like "Off The Wall Fundraiser" or cause-related li
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ke "Art Against AIDS." Above all, make the name unique, relevant, and memorable.
Raffle ticket sales
To raise significant funds, you must price your raffle tickets high. Try to clos
Raffle ticket sales
To raise significant funds, you must price your raffle tickets high. Try to clos
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ly match the ticket price with the average selling price of the donated artwork while still offering a bargain.
If the average piece sells for $250, then price accordingly, but not so hi
If the average piece sells for $250, then price accordingly, but not so hi
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
gh you scare off potential buyers. In this instance, a ticket price in the $125 to $150 range is still a bargain. You have to remember that each ticket holder gets to select from only the
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
artwork left on the walls when their number is drawn.
You can also consider offering two classes of tickets, with one being restricted to super premium pieces. However, one of the big dr
You can also consider offering two classes of tickets, with one being restricted to super premium pieces. However, one of the big dr
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
aws of these events is the dream that their ticket gets drawn early and they get to grab a really expensive, highly desirable piece of art.
Event details
Make it a fun atmosphere wi
Event details
Make it a fun atmosphere wi
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
h lots of time to mingle, offer wine and cheese tastings, provide a cash bar, have an interesting guest speaker, etc. By providing a buildup to the raffle drawing, you make it an event to
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
remember and build a base for a repeat event next year.
Have a master of ceremonies do the actual drawing and include a drum roll sound effect for at least the first ticket drawn. Take
Have a master of ceremonies do the actual drawing and include a drum roll sound effect for at least the first ticket drawn. Take
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ictures or video of each winner's mad dash to claim their coveted artwork.
Once people have made their selections, allow whatever swapping of artwork that people want. Have some sort of
Once people have made their selections, allow whatever swapping of artwork that people want. Have some sort of
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
special prize drawing at the end to encourage people to stay for the whole event.
Wrap everything up at the stated hour and thank everyone for their support of your art raffle fundraiser
Wrap everything up at the stated hour and thank everyone for their support of your art raffle fundraiser
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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