financial planning and funding. where/what is the funding? how do you get it? importance of...
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Financial Planning and Funding
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Where/What is the funding?
How do you get it?
Importance of financial planning / savvy?
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Source of Funding
1. Self Funding2. Family / Friends3. Banks4. Venture Capital5. Business Angels6. Grants / Public Funding
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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
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Friends and Family
Trust
Legal Set Up
Interference
Stresses
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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
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Venture Capital
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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/
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Grants and Public Funding
1. Local Enterprise Office2. Enterprise Ireland3. Bord Bia4. Credit Guarantee Scheme5. Microfinance Ireland
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OTHER OPPORTUNITIES
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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
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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
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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
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Other Supports – Crowd Funding
1. Linked Finance2. Fund-it.ie3. Seed Ups4. Kickstarter
Go Fund MeIndiegogoTeespringYouCaringCrowdrise
Give Forward
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WHAT DO YOU NEED TO GET
FUNDING?
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Basic Requirements for All
Business PlanProof of Demand
Proof of EconomicsProof of Plan of Action
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https://www.youtube.com/watch?v=i6O98o2FRHw
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Thank You!