Financial Planning and Funding

Where/What is the funding? How do you get it? Importance of financial planning / savvy?

Source of Funding 1.Self Funding 2.Family / Friends 3.Banks 4.Venture Capital 5.Business Angels 6.Grants / Public Funding

Self- Funding Using historic reserves / Savings Free cash flow from the business 25% of SME’s in Ireland – Self Funding Late payment by customers effecting 70% of SMES affecting cash flow

Friends and Family Trust Legal Set Up Interference Stresses

Banks Funding Sources Overdraft Facility Loans Restructuring 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 HPAP networks/halo-business-angel-partnership/ Companies/Source-of-Private-Capital/Business-Angels-BES,-Angel-Networks-.html

Grants and Public Funding 1.Local Enterprise Office 2.Enterprise Ireland 3.Bord Bia 4.Credit Guarantee Scheme 5.Microfinance Ireland

OTHER OPPORTUNITIES

Other Supports - Incubators 1.NRDC (launch pad, female entrepreneurship) 2.Wayra 3.New Frontiers 4.Origin 8 (NCAD) 5.Nova UCD 6.Trinity Tech and Enterprise Centre 7.Ignite Incubator Programme (Cork) 8.Invent Centre (DCU) 9.Incubation Centre (Maynooth) 10.Nexus Innovation Centre (Limerick) 11.Food Academy Start Up 12.Institute of Technology Incubation Centres

Other Supports - Accelerators 1.NRDC (venture lab) 2.DCU Ryan Academy- Propeller Venture Accelerator 3.DCU Ryan Academy – Female Propellers 4.Trinity – Launch Box 5.Start Up Bootcamp Ireland 6.Seedcamp 7.Dogpatch Labs (Dublin) 8.Mastercard’s Ecommerce Accelerator

Other Supports - Competitions 1.IBYE 2.Irish Times Intertrade Innovation Awards 3.Tech All Stars 4.Microsoft’s Imagine Cup 5.Guinness Amplifiy 6.Compass Group Ireland & The Idea Works 7.Bank of Ireland Start Up Awards

Other Supports – Crowd Funding 1.Linked Finance 2.Fund-it.ie 3.Seed Ups 4.Kickstarter Go Fund Me Indiegogo Teespring YouCaring Crowdrise Give Forward

WHAT DO YOU NEED TO GET FUNDING?

Basic Requirements for All Business Plan Proof of Demand Proof of Economics Proof of Plan of Action

Basic Requirements for All Customer x Selling Price = Turnover – Costs = Profit (Before Tax)

RHw

Thank You!