A victory in a competition does not substitute for real business expertise

01.10.2013 News

As it happens, most of startups usually need money — to grow, pivot, add features, hire people, pay for server capacities and so on. There are plenty of ways for teams to get some funding, including «normal» venture investments, accelerators, loans, support from friends and family (and fools too, yes), grants, and various startup challenges. The latter is not the worst way to get money, as in this case you won’t have to cough up a share in your project in exchange; also, it brings — at least temporarily, — quite significant attention to the winning startups.

ICDEE 2012

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