October 16, 2018 at 5:40 pm #7317
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.