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How To Get Funding for Your Tech Startup
One of the major reasons why people learn code is to build a business, of their own. In recent years, not too many tech ideas have seen the light of day, and this has been influenced by the lack of funding by these tech founders.
To be honest with you, if you were to open the laptop of so many developers, you would find so many innovative ideas been coded and abandoned because they lack funding.
The Good news is that this article that I am writing today has been created to give you a breath of fresh air provided you follow up.
Do you know that apart from venture capital, there are companies that are designed to give you equity grants and support to fund your startup idea even? Yes !!! we are going to be diving more deeper below.
Grants are equity-free funds that are given to a startup to develop a new or existing business idea into reality.
Not all grants that I am about to mention in this post gives you free equity, most of the time you get to share a small part of your company with them.
Do you have an innovative startup idea that needs funding? Here are a few organizations that have been designated to fund that tech idea of yours into becoming a reality.
Y Combinator provides seed funding for startups. Seed funding is the earliest stage of venture funding.
It pays your expenses while you’re getting started, the major goal behind Y Combinator, is to get you through the first phase. This usually means: get you to the point where you’ve built something impressive enough to raise money on a larger scale. Then we can introduce you to later stage investors—or occasionally even acquirers.
We make small investments in return for small stakes in the companies we fund, which makes it not entirely a free equity grant.
Google for Startups Accelerator is a global series of programs for growth-stage startups to get technical, product, and leadership training from experts, tailored to their business.
Each accelerator features a cohort of 10-15 top startups that come together to tackle specific technical challenges that can help grow their businesses through a mix of remote and in-person, 1-to-1, group learning sessions, and sprint projects.
Founders outline the top technical challenges for their startup and are then paired with relevant experts from both Google and the industry to solve those challenges and grow their business.
In addition to mentorship and technical project support, Google for Startups accelerators includes deep dives and workshops focused on product design, customer acquisition, and leadership development for founders.
FbStart is a new program from Facebook designed to help early-stage mobile startups build and grow their apps. FbStart provides startups with an exclusive community, worldwide events, mentorship from Facebook, and up to $60,000 in free tools and services.
Through the Google for Startups Black Founders Fund Africa, Google has decided to support early-stage Black-founded startups and startups that are benefitting the Black community on the continent.
Google intends to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa.
The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. This fund will be given along with mentorship support and Google platform credits to help the startups grow.
There are two sides to Tech, one is the technical side and the other is the business part, not too many people intend to learn about the business part of tech, more reason why we have too many broke developers, and we have only a few people doing well in tech, the difference is the mindset and the level of information that we all carry.
Tech is not about being the best coder or learning every technical crap you see online, in the long run, you are producing for a market that does not even know what hell you went through when developing these things, why not pause for a while and get to understand the business side of things.
Like I always say, when you are not informed, then you become deformed. Information runs the world, so you should keep yourself as informed as possible, always make sure to ask the right questions.
This article is not concluded yet as I still have a lot more for you to learn about. You can check out the full detailed article about tech and general business grants here.
Also, I would also like to know you better so that you can ask me questions, I dont mind connecting with you on Twitter
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