The “Budgeting and Funding” course, led by Ir Prof Alan Lam at Gravity Academy, is meticulously designed to guide entrepreneurs and financial managers through the complexities of financial planning and securing funding for robotics startups. This course provides essential tools and knowledge for creating robust budgets and exploring diverse funding sources.

Course Overview

This course targets startup founders, CFOs, and financial planners in the robotics sector. It covers a wide array of topics from budget creation and cost management to identifying potential funding sources and effectively managing financial relationships with investors.

The Curriculum

The curriculum is organized into twelve detailed modules, each addressing critical aspects of budgeting and funding for robotics ventures:

1. Creating a Realistic Budget for Your Robotics Startup: Techniques for developing a comprehensive and realistic budget that reflects the unique needs and challenges of robotics startups.
2. Identifying and Managing Costs in Robotics: Strategies for identifying key cost areas in robotics development and production, and methods for cost optimization.
3. Exploring Funding Sources: Bootstrapping, Loans, and Grants: Overview of various funding options including self-funding, bank loans, and government grants.
4. Venture Capital and Angel Investors in Robotics: Insights into attracting venture capital and angel investors specifically interested in robotics.
5. Crowdfunding Campaigns for Robotics Projects: Best practices for launching and managing successful crowdfunding campaigns tailored to robotics projects.
6. Government and Institutional Funding Opportunities: Guidance on navigating and securing governmental and institutional funding sources available for robotics innovations.
7. Effective Pitching to Investors and Donors: Skills for crafting and delivering compelling pitches to potential investors and donors.
8. Financial Modeling and Projections: Techniques for creating robust financial models and projections to support funding requests and business planning.
9. Milestone-Based Funding and Budgeting: Managing finances based on project milestones and deliverables to ensure continuous funding flow and project viability.
10. Managing Investor Relations and Expectations: Strategies for maintaining positive relationships with investors, including communication of progress and setbacks.
11. Funding Strategies During Different Growth Phases: Tailoring funding strategies to suit different stages of business growth, from seed stage to expansion.
12. Post-funding Financial Management: Best practices for managing finances after securing funding to ensure long-term business sustainability and investor confidence.

The Instructor

Ir Prof Alan Lam brings a wealth of knowledge in entrepreneurship and financial management within the tech and robotics industries. His expertise includes not only financial planning and funding strategies but also practical insights into investor relations and regulatory compliance.

Why Choose This Course

This course is crucial for participants who:

• Need to understand the financial intricacies of running a robotics startup.
• Are seeking funding and require skills to effectively engage with different types of investors and funding bodies.
• Want to ensure their financial strategies support sustainable business growth and development.

What Will You Obtain

Participants will receive:

• A certificate of completion from Gravity Academy, certifying their expertise in budgeting and funding for robotics startups.
• Practical skills in budget creation, financial modeling, and fundraising.
• Strategies to effectively manage financial relationships and ensure compliance and transparency with funders.

Suitable Candidate

This course is ideal for:

• Robotics startup founders and entrepreneurs.
• CFOs and financial managers within the robotics industry.
• Business development managers looking to understand the financial aspects of product development and company growth.