Funding
Funding options
There are many different options for funding your business idea including:
| Funding type | Description | Source |
| CrowdFunding | "Donation of money from the public" | business.gov.au |
| Angel Investors | "Very wealthy individuals who invest their own money into startup companies" | LinkedIn Learning course: "Entrepreneurship: Raising startup Capital" |
| Venture-Capital Firms | "Venture capital (VCs) firms comprise professional investors who understand the intricacies of financing and building newly formed companies. The money that venture capital firms invest comes from a variety of sources, including private and public pension funds, endowment funds, foundations, corporations, and wealthy individuals, both domestic and foreign." | LinkedIn Learning video: Raising venture capital |
| Grants | The Australian government financially supports many startups and small businesses. Keep in mind that you'll generally need to meet certain criteria to be eligible. | |
| Using your own funds | Using your own funds shows to investors "that you believe in yourself and in your company, and that you are not afraid to bet on yourself" | LinkedIn Learning course: Entrepreneurship: Bootstrapping your business |
For more information and tips about the different type of ways to seek funding see the suggested resources below:
Watch this LinkedIn Learning course Entrepreneurship: Raising Startup Capital to better understand the different ways of securing your funding including crowdfunding, using angel investors and venture-capital firms.
- Seeking finance - Business.gov.auLearn about the different ways to fund your business including loans, grants and crowdfunding.
Activating Angel Investment
International expert Professor Colin Mason (University of Glasgow) has seen angel investment markets emerge, succeed and change across the globe. On 13th November 2019 Colin joined Kathryn Anderson in Adelaide for the Investor Alliance event Activating Angel Investment. As part of the event Kathryn and Colin held a discussion on angel investing, please watch the below highlights:
Crowdfunding
- Crowdfunding: how to fund your business idea- business.gov.autips and information on crowdfunding including advantages, disadvantages and planning tips.
- Crowdfunding- Australian Taxation OfficeLearn about the four main types of crowdfunding including donation, reward, equity and debt-based crowdfunding.
- Crowd-sourced funding - ASICInformation from the Australian Securities & investments commission on crowd-sourced funding. Includes how to register as a company that can use crowd sourced funding and legislation requirements.
Crowdfunding opportunities
- ReadyFundGoReadyFundGo is helping start-ups, entrepreneurs, change-makers, inventors and communities use crowdfunding in Australia to get ideas and projects off the ground.
- KickstarterKickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality
- IndiegogoAcquire starter capital and validate your idea by tapping into Indiegogo’s global network of early adopters.
Government grants
- Grants and assistance programs- business.gov.auFind grants, funding and support programs from across government to help your business grow and succeed!
- GRANTSASSISTThe GRANTSASSIST portal can help you connect to the range of funding and support services that are offered by Government.
- Research, Commercialisation and Startup Fund - Government of SAThe Research, Commercialisation and Startup Fund (RCSF) supports researchers, entrepreneurs and businesses to accelerate their progress with funding from the South Australian Government.
- Government grants for startups - FinderThis website will give you some helpful information on what government startup grants are available as well as helping you to create a grant strategy.
Angel investors and venture capital
Early-stage investors often receive more than 100 pitches per month, which means they need to say "no" to over 99%. Alicia Syrett, CEO of Pantegrion Capital, frequent on-air personality on MSNBC and CNBC, shares the most common blunders that get startups rejected.
- South Australian Venture Capital fund- Innovation in SACo-investment funding to help build dynamic and innovative early stage companies to accelerate their growth to a national and global scale.
- InvestibleInvestible is an early-stage investment group that provides high potential founders the financial, human and intellectual capital needed to scale. Investible's mission is to de-risk angel investment on a global scale.