This topic contains 4 replies, has 4 voices, and was last updated by  Danny 4 weeks, 1 day ago.

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  • #7316
     Adam 
    Participant

    I want some financing for my innovation. I have a detailed concept and a draft of my innovation but lack the equipment and financing. I lack knowledge about such things, and I hope this place would help me. So, what are the options that I can avail?

    #7317
     Maia 
    Participant

    Hi, Adam, informally you can ask from family and friends for financing. Formally, there are two types of financing available; debt and equity or the mixture of both. It can be provided by banks and individuals in the form of venture capital fund, business incubators, business angels, capital market options and bank financing. The decision to opt which option solely depends on your ability to take the risk and paying back the debt. In the end, if you don’t have the capacity to finance your project, you can license (sell) it to other businesses.

    #7318
     Adam 
    Participant

    Thank you, Maia, for guiding me to all these options. I will certainly look deep into it further for the right option.

    #7319
     Lucy B 
    Participant

    Hi, can anyone please tell me what business angels are? I have never come across this term before.

    #7320
     Danny 
    Participant

    Business angels, sometimes also refer as angel investors tend to be wealthy individuals or retired corporate executives who invest directly in small companies. They are often leaders in their own field, and their investment can go well beyond money. They often also contribute their experience and network of contacts as well as their technical and management knowledge. I hope that helps.

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