There are several sources of funding for entrepreneurs to develop their business ideas. One of them is venture capital, but do you know what your project has to have so you can secure this type of investment for your startup?
Montserrat Vendrell, a partner at Alta Life Sciences and mentor with Ignite·Health Barcelona, the new Biocat entrepreneurship program, explains 3 things this type of investor normally looks for:
- Address a real need. The project has to address a real need, a gap in the market.
- Committed team. The company has to have a complete, committed team, with a clear role for each member.
- Value proposition. The startup has to be developing a solution or technology that the market is willing to pay for.
Entrepreneurship is a big challenge, and more if you want to be successful at it. So, we encourage you to check out these and other tips from experts in entrepreneurship.
