Appropriate Funds are the Foundational Stone for Startups
Launching a startup cannot be done unless the person has enough resources in hands. The biggest resource at least in the initial stage of business is going to be obviously the funds. It is the money that helps start-ups in getting off the ground. Money is used for renting business space, purchasing furniture and equipment, supplies, as well as paying for legal consultation and accounting fee.
It is also used for conducting research and development for whatever product or service the company intends on selling in the market. And in the end it is needed to pay the employees who will be rendering those services and making those products.
All these things cannot be done without money and for that there comes the need for locating sources of funding. After you have used up you savings you may look for friends and family and in the end may turn to venture capitalist. There are many places from where funds can be gathered and various sources of funding may work best for your company. One such excellent source of income is angel investors.
You can contact an angel and pitch your business ideas in front of them. these are high-net individuals and seasoned businessmen who if happen to like your business idea will not only offer funds but will also guide on how to utilize the money optimally.
SIL
Singapore Innovation League has come up as a place where startup ups from tech industry can come to seek financial help. SIL is looking for tech startups with resourceful ideas.
This is the official website of this company
