Financing New Ventures 2600-DSMdz/w3zmpFNP

1. Problems of venture financing in the context of the financing gap phenomenon - the importance of financial capital for business development; theories on the hierarchy of financing sources, factors limiting the availability of financing sources for new ventures
2. Typology of financing sources. Classifications: external and internal sources of finance; the logic of functioning of financing sources - repayable and non-repayable sources. Aligning sources of finance to the development phases of an enterprise.
3. Funding source identification for project specifics and its expansion needs. An analysis of access conditions to external sources of finance for new ventures - how to choose appropriate sources of finance and how to obtain them effectively?
4. Common Business venture financing sources applied in practice:
- Support programmes - repayable aid and grants (financing business ventures under public aid programs).
- Conventional sources of repayable financing:
- Business loan,
- Leasing,
- Factoring.
- Unconventional sources of repayable financing:
- Non-banking debt financing,
- Risk hedging instruments (guarantees and sureties),
- Early stage financing (seed capital),
- Mezzanine financing,
- Crowdfunding.
5) Examples of repayable financial support programmes for new business ventures (loans, guarantees and sureties, repayable aid, seed funding).