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| Received
17-May-2013 |
Accepted
- |
Published
17-May-2013 |
Abstract
This study makes an attempt to explore the funding
preferences of young entrepreneurs of Gujarat
towards financing their ventures. For this research,
ventures in the knowledge based sector have been
selected. The findings revealed that in the initial stages
of venture development, these entrepreneurs utilized
their personal savings and funds from their family
and friends. They have all practiced bootstrapping
extensively during the early years. There were not
many cases of external funding. The awareness of
these entrepreneurs towards risk capital such as
angel and venture capital funding was found to be
less. The study concludes with various suggestions
for better penetrations of early stage financing and
support mechanism in Gujarat such as strengthening
the role of incubation centres, organizing business
plan competitions and raising awareness of the
entrepreneurs towards risk (equity) capital options.
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Open Access