Rizal Philippines
June 12, 2016
I got an email from a lady, who says she is an intern at ANC shoptalk and she inquired on how to fund starts ups, what are the opportunities for start ups wannabees, and govt regulators with whom the start ups must register.
She did a lot of follow up on the funding: especially on grants and crowd funding. So that you too will be enlightened; please see my reply and the links
From Entrepreneur - 10 ways to fund a start up
Answers to your follow up questions:
1. Crowd funding is inviting possible lenders, investors, donors via the net. You present your offering business plan, as to banks or venture capitalists; you make your pitch via the web (there could be apps or website for this) and try to get funders, lenders investors become interested in your project/product. There are many ventures abroad that were financed/funded via crowd funding. So parang inbound ang procedure (as in inbound marketing) Rather than outbound, you actively search for funders.
Those that are available are:
2. Donation and grants for start ups
Multilateral agencies and NGOs donates, gives to communities and individuals (and other NGOs charitable institutions too) seed capital for starting business that are to be paid forward, or paid soft interest especially in devastated areas by calamities or catastrophes or that are impoverished.
You can get donations and grants via crowdfunding too.
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