Module 5 – Financial Management and Funding
Now it's your turn to think about how you could fund the next stage of your venture.
A strong funding strategy starts with understanding what resources you need, which sources of capital are most appropriate, and what progress could make your venture more attractive to potential funders.
Take a few minutes to reflect on the following questions:
1. What are the financial needs of your venture over the next 12 months?
Consider the resources you would need to develop, launch, operate, or grow your venture.
2. Which funding sources are most appropriate for your current stage?
Think about options such as grants, earned revenue, crowdfunding, partnerships, or impact investment. Which align best with your needs and mission right now?
3. What milestones could strengthen your position when seeking funding?
Consider what evidence of progress — such as testing your solution, generating revenue, demonstrating impact, or building partnerships — could help strengthen your case to potential funders.
Reflection
Your funding strategy does not need to be fixed from the beginning. As your venture develops, your financial needs and available funding options will evolve. The goal is to choose funding that supports both your organisation's sustainability and the impact you want to create.
