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STARTUP TERMINOLOGIES

  1. Innovation: The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
  2. Startup funding: Providing financial resources to finance a startup project. The most common sources of Startup funds include banks, personal savings, friends and families, credit cards, angel investors, venture capitalists, government etc.
  3. Incubators: A for-profit or not-for-profit firm that is involved in bringing start-up companies through their development phase and into profitability whereby the company has enough human, financial, and physical resources to function independently.
  4. Pitch Deck: A brief presentation that provides potential investors an overview of a startup business.
  5. Accelerators: Startup accelerators, also known as seed accelerators, are fixed-term programs, that include mentorship and educational components which often culminate in a public pitch event or demo day.
  6. Venture Capitalist: Is an investor who either provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.
  7. Business Plan: Set of documents prepared by a firm’s management to summarize its operational and financial objectives for the near future (usually one to three years) and to show how they will be achieved.