Innovate UK's Essential Tips to Start Up Funding Stages

Regardless of where you are in the startup cycle, you will need money to keep progressing. Raising appropriate funding for each stage of your start-up is a real challenge. Here’s our essential guide to start-up funding stages 1. Know your funding stage Understanding where you are in the funding cycle is essential to raise appropriate finance. Your ability to engage investors will determine how far your start-up will go. 2. Be clear on what your funding is for Understanding the requirements at each funding stage will give you the platform to attract investors. The funds you ask for will have to be appropriate to your business targets at every stage and be clearly costed. 3. Target relevant investors Your financing needs, progress to date and appropriate business milestones will determine the type of investors you can attract. With each fundraise there’s a number of options. Asking for the wrong amount at any stage will likely kill your credibility with serious investors. 4. Get the right funding at the right time Timing is everything in startup success. Get it wrong and you may not have much left to offer later stage investors. The right funding at the right time will help you execute each stage successfully and make your business a long-term success. Check out our other essential tips for startups and SMEs here:    • Innovate UK’s essential business tips   Subscribe to our YouTube channel here: Keep up to date with the latest from Innovate UK and follow our Twitter account: http://twitter.com/innovateuk

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