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0:00
My name is Professor
Milé Terziovski.
I'm a tenured Professor of
Entrepreneurship
and Innovation at
Swinburne University
of Technology
in Melbourne, Australia.
Today's topic is on funding
and financial strategies.
0:17
This topic covers
funding strategies
for technology commercialization
that can significantly impact
financial performance
and overall success.
We will look at different
funding sources
available for technology
commercialization
such as venture capital,
angel investors,
government grants, crowdfunding,
and how to prepare
a compelling pitch.
Value-creating strategic choices
and financial projections,
preparing for a
compelling pitch,
financial implications of
different funding strategies,
how to effectively manage funds
through the
commercialization process,
and how Tesla raised funds
through the venture lifecycle
to reach commercial production.
1:05
Different funding sources for
technology commercialization.
The type of funding can
affect operational decisions,
for example, equity investors
may push for rapid scaling,
while debt obligations
might limit
flexibility in
operational strategies.
Also, effective allocation
of funds towards
key areas such as
research and development,
marketing, and talent
acquisition is essential for
successful commercialization,
and can impact
financial performance.
So as part of the
different funding sources,
let's have a look
at self-funding,
often referred to
as bootstrapping.
Personal savings are involved,
full control and no debt
or equity dilution,
but the financial risk lies
entirely with the entrepreneur.
You can look at family
and friends funding.
Raising capital from
personal networks.
It has easier access and
potentially flexible terms,
but the risk of straining
personal relationships is there.
Angel investors.
Wealthy individuals who provide
capital in exchange for equity.
They often bring valuable
industry experience
and connections.
May require a
significant equity stake
and influence in the business.
Finally, venture capital.
Provide funding to
early-stage companies
in exchange for equity.
However, they have high
expectations for growth
and potential loss of control.
