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Seed Funding

Page history last edited by Neel S. Sus 11 years, 10 months ago

Getting a business off the ground requires capital.  If you are lucky enough to have it, great, get started.  If not, here are some resources and ideas that I've compiled.  Please feel free to add to this list. 

 

Bootstrapping: You may want to start your company without investment from external sources (I did).  Check out the section on bootstrapping for lessons on getting your business launched with very little.

 

It still helps to have some cash to get started.  Here are some resources that provide grants and small investments to get your business started.  Keep in mind as you approach people for funding the incredibly high risk that exists with startups.  As great as your idea is, and as good as you are, your business is a very risky investment.  It's important to understand  your investor's, grantor's, or lendor's perspective when you ask for money.

 

Start Here: Great resources that summarize a lot of the opportunities available for seed capital and loans.

  • GNO Inc - just revamped their website and is the best aggregation of resources available that I know of.
  • Louisiana Forward - is a great resource for state and federal resources that are available.
  • TechAssist LA - helps small businesses, entrepreneurs and non-profits in the Katrina/Rita damaged zones of Louisiana utilize technology to expand their markets, streamline business processes, improve their networks, and learn standard business software.  Go to their website to see a list of all services they provide for free.
  • LSBDC - Louisiana Small Business Development Center - provides low- or no-cost guidance and training for small business owners and potential owners. Great for training.
  • Operation Hope -  They can help with business plans, website development, and other necessary training for a new entrepreneur.
    • 1215 Prytania Street, Suite 329-H * New Orleans, Louisiana 70130, (504) 309-6153

 

What You'll Need:

  • A business plan
  • Application tailored to the program you're applying for
  • Justification - economic impact, jobs created, cultural impact - how does helping you forward their mission
  • Connection - while the decision making process is likely fair and impartial, you're going to increase your opportunity if rather than just mailing in the application, you pick up the phone and introduce yourself, or better yet, meet the organization at their office or through a network. Help them get to know you.

 

Specific Organizations and Programs:

 

 

 

 

 

 

 

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