Financing strategies for new product development and innovation

Abstract

This chapter focuses on the sources and strategies for financing for new product development and small businesses. It is clear that every venture has different life cycles and it is evident that a different financing strategy is needed in different stages of the life cycle. Despite the general belief that entrepreneurs can find financial resources from angel investors or venture capital firms we present that these rarely finance new products at the inception. This chapter presents alternative financing sources for new product development and entrepreneurs. © 2023 Elsevier B.V. All rights reserved.