Funding refers to the financial resources provided to support a project, business, or initiative. It can come from various sources, including investors, grants, and loans. The purpose of funding is to enable growth, innovation, and sustainability in various sectors, such as technology, healthcare, and education.
Different types of funding exist, such as equity funding, where investors receive ownership stakes, and debt funding, which involves borrowing money to be repaid later. Understanding the right type of funding is crucial for entrepreneurs and organizations to achieve their goals effectively.