Getting funding is not an easy task, however if a person is truly determined and committed and he/she has a well thought out plan built on tested assumptions, a product with some sales, process to delivery , and measurable milestones, chances are with perseverance she will succeed in getting funding.
Let’s remember, studies show that 80% of the Inc. 500 private companies were financed at their start solely by the founders’ personal savings, credit cards, second mortgages, customer advances, extended terms from vendors and a multitude of other bootstrap techniques.
For the purpose of this ICN Talk panelists Catherine Debassige,Senior Account Manager, at BDC Aboriginal Banking, Ontario Region and Jacques Pilon President of Corporations and Entrepreneur-in-residence at the Launch Lab Innovation Centre, located in Kingston, ON have explored with ICN’s Blueprints for Success Entrepreneurial Intern Jenn Harper two stages of funding,
Early-Stage Financing, and
Expansion Financing.
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