Funding for innovation

All innovative ideas need some funding to develop and commercialise them. Before approaching an investor, it is important that you are investor-ready. This includes having:

  • a comprehensive business plan that outlines
    • your management team, history and skills
    • your customers and how you will meet their needs
    • the product/service you plan to offer and the supporting technology
    • the technology and its protection strategies
    • your marketing plan
    • barriers to entry
    • a financial forecast
  • a detailed business structure appropriate for the type of funding you are seeking
  • corporate and business strategies for risk management, business development, conflict of interest etc.
  • a presentation and pitch to make to investors outlining the business opportunity.

This guide explains how to develop your business plan and identify available funding options.