From the course: Foundations of Raising Capital
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Grants and non-dilutive funding options
From the course: Foundations of Raising Capital
Grants and non-dilutive funding options
- What if I told you that you may not need to sell part of your company or convince an investor to give you money? And what if I told you that this wasn't debt that you had to pay back either? It's actually not as far fetched as it sounds. Capital that doesn't give up any ownership in the company is called non-dilutive funding. Non-dilutive funding doesn't dilute or reduce the amount of ownership others already have in the company. When my former company, Tixers, was looking for capital, we raised over $50,000 through non-dilutive funding. And one of the most common sources of non-dilutive funding are grants. Grants are funds often given for specific initiatives or priorities and don't require you to pay them back, like a loan. Grants are often awarded on behalf of the government, a corporation, or a foundation and require a proposal to explain why you're a fit for that funding. With Tixers, we received a grant from the…
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