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!