What is the Optimal Funding Source for Your Needs?
The funding source(s) that is/are right for you really depends on your business needs and can be complex so it is recommended that you seek advice from a professional, such as your accountant, before embarking on any particular option.
As a rough guide sources that are generally pursued based on the development stage of the business are outlined in the table below.
|Business Stage||Funds required|
Funding Source Key:
PR – Personal resources, family and friends
G – Government grants
A – Angels
VC - Venture capital
F - Financial institutions and credit unions
MB - Merchant banks
SE - Stock exchange