5 Ways to Fund Your Tech Start-Up


Is owning your own business a career goal for you but finances have always held you back? There are so many people out there with fabulous ideas for businesses, and who have the drive to create a start-up company, but due to their lack of finances they just don’t take that plunge. Here’s the thing, if you wait around until you save up all the money you need, you may never actually go after your dream.

With that said here are five different ways you can go about funding your new start-up business and start to realize your goals at last. Keep in mind the best solution may be to use a couple of these ideas and pool all the resources to get your company off the ground.

1. A Business Loan

One of the best ways to go about funding your new business is to look for a small business loan. While you can certainly visit your bank for financing, that isn’t the only option out there. There are a number of funding institutions that can help you out and can offer such advantages as fast approval, free quotes, no fee on the application process, access to fast funds, and a variety of repayment options.

Just be sure that when you are looking at a small business loan that you factor in such things as the interest rate, how long you have to pay back the loan, and exactly how much you will qualify for.

2. Find a Partner

Another great option can be to find a partner that brings in funding of their own. Now you may wish to have it set up like a silent partnership, where they are basically just bringing in cash, or you may want them fully involved in the business just like you. When choosing the route of a partnership you will want to be sure you have a lawyer involved so that everything is clearly spelled out and registered properly.

3. Start Saving Your Cash

Maybe you don’t like the idea of getting a loan or a partner, and you’d rather go about things on your own. If that’s the case then setting up a savings account is probably a wise idea. You can speed up the savings by working a couple of jobs so that you can put that much more into the account. The short-term sacrifice will benefit your long-term goals and dreams for the future.

4. Looking Into Start-Up Incubators and Accelerators

Start-up incubators and accelerators are an approach that has grown in popularity over the past few years, and today can provide you with very real access to fast cash. Many of these will provide facilities, resources, and consulting completely free of charge, as well as the all-important seed-funding. You will basically be selling an incubator on your idea and then they will take part in the journey offering help in terms of finances and resources.

5. Connect with a Venture Capitalist

Then there is the venture capitalist, which is an investor who is looking for that next big idea. These are investors who may be involved in all kinds of businesses, but typically just provide funding. They want to be able to give you cash and then see a return on their investment.

6. Don’t Let Financing Hold You Back from Your Goals

At the end of the day lack of financing can put a serious damper on your dreams to own your own business. While start-up cash is a must, giving up on your dream just because you don’t personally have the money isn’t necessary. There are a number of ways in which entrepreneurs can go about securing funds so that you can realize your career goals.

Dean is a self-professed tech geek with a fondness for computers, video games, and any novelty tech-savvy gadgets.