After the Ideation stage, start-ups embark on the task of developing a Minimal Viable Product (MVP), service or process which has the potential of being commercially successful. They need to attain feedback about the user experience, conduct field tests and add team members.
As the idea begins to take definite shape, entrepreneurs seek infusion of capital for developing their product/service into a scalable commercially viable business.
With the rise of angel investors, incubators and accelerators, crowdfunding, and various government initiatives, start-ups have ready access to and even choices for securing funding. Each of these sources of funding is discussed separately below.
Download and read the below article to understand each of the sources and the legal implications of each funding source.