Earlier this week, the Federal Government announced a plan to inject $80 million into high potential start-ups as part of its Innovation Investment Fund.
Four major venture capital funds will use the money to help start-up companies commercialise their research and see their ideas into reality. The VCs will have to match the government’s outlay, meaning that at least $160 million will be up for grabs.
So what do start-ups have to do to get a slice of the VC pie? We’ve spoken to the VC firms that will be investing the government cash to draw up 10 essential tips on how to attract funding.
1 Sell yourself
Formulate a compelling business plan, which clearly identifies the value proposition, reasons why the business will succeed and how it intends to achieve this success.
To read the full, original article click on this link: Top 10 tips to attract venture capital funding - Finance
Author: Michelle Hammond
