Financial Planning and Funding
Where/What is the funding?
How do you get it?
Importance of financial planning / savvy?
Source of Funding
1. Self Funding2. Family / Friends3. Banks4. Venture Capital5. Business Angels6. Grants / Public Funding
Self- Funding
Using historic reserves / Savings
Free cash flow from the business
25% of SME’s in Ireland – Self FundingLate payment by customers effecting 70% of SMES affecting cash flow
Friends and Family
Trust
Legal Set Up
Interference
Stresses
Banks
Funding SourcesOverdraft FacilityLoansRestructuring of Both
Majority Applications under €50k
High % think the the bank would reject the application and don’t put application in
Venture Capital
Business Angels
An angel investor or angel is an affluent individual who provides capital for a business start-up, usually in exchange
for convertible debt or ownership equity.
Estimated €246million invested (2012)
HPAN http://www.hban.org/HPAP http://www.intertradeireland.com/equity/business-angel-finance-and-
networks/halo-business-angel-partnership/
https://www.enterprise-ireland.com/en/Invest-in-Emerging-Companies/Source-of-Private-Capital/Business-Angels-BES,-Angel-Networks-.html
http://www.businessangels.ie/
Grants and Public Funding
1. Local Enterprise Office2. Enterprise Ireland3. Bord Bia4. Credit Guarantee Scheme5. Microfinance Ireland
OTHER OPPORTUNITIES
Other Supports - Incubators
1. NRDC (launch pad, female entrepreneurship)2. Wayra3. New Frontiers4. Origin 8 (NCAD)5. Nova UCD6. Trinity Tech and Enterprise Centre7. Ignite Incubator Programme (Cork)8. Invent Centre (DCU)9. Incubation Centre (Maynooth)10. Nexus Innovation Centre (Limerick)11. Food Academy Start Up12. Institute of Technology Incubation Centres
Other Supports - Accelerators
1. NRDC (venture lab)2. DCU Ryan Academy- Propeller Venture Accelerator3. DCU Ryan Academy – Female Propellers4. Trinity – Launch Box5. Start Up Bootcamp Ireland6. Seedcamp7. Dogpatch Labs (Dublin)8. Mastercard’s Ecommerce Accelerator
Other Supports - Competitions
1. IBYE2. Irish Times Intertrade Innovation Awards3. Tech All Stars4. Microsoft’s Imagine Cup5. Guinness Amplifiy6. Compass Group Ireland & The Idea Works7. Bank of Ireland Start Up Awards
Other Supports – Crowd Funding
1. Linked Finance2. Fund-it.ie3. Seed Ups4. Kickstarter
Go Fund MeIndiegogoTeespringYouCaringCrowdrise
Give Forward
WHAT DO YOU NEED TO GET
FUNDING?
Basic Requirements for All
Business PlanProof of Demand
Proof of EconomicsProof of Plan of Action
https://www.youtube.com/watch?v=i6O98o2FRHw
Thank You!