The Role of Development Finance Institutions in Enabling the Technology Revolution

Finance is essential for every business and even for individuals. It’s almost impossible to start a new business venture and grow it so that you can compete with the biggest players in any industry. Even if you’re starting something that’s never been done before, you need to have a good level of investment behind you. If you don’t, your company will be quickly overshadowed by someone who does.

What Are development Finance Partners?

There are many different development finance partners available but they all offer the same basic solution, a means for you to have the capital you need. In exchange you’ll have to repay the funds or provide a share of profits, the details will be between you and your financial partner.

You may be surprised to learn that there are plenty of people with money spare that are looking for investment possibilities. All you have to do is come up with the right product or service.

How This Drives The Technology Revolution

Business is extremely competitive and everyone is looking for an edge over their trading partners. Development financiers offer an opportunity for people and businesses to plow money and time into finding the next technological breakthrough. The right product won’t just take the market by storm, it will become something that everyone wants or needs, even though they didn’t know it before.

The right product will provide the finance partner with a sizeable return on investment and give you the opportunity to create a successful business.

Of course, this is a type of lending which makes it very important that you read any small print before you agree. You don’t want to put all the effort in only to find that the investor owns your business or has the power to tell you what to do.

The Role Of Technology

Less than 50 years ago the internet didn’t exist, now it is used by millions of people every day. You can purchase items on it, chat with friends, start a business, and do almost anything else you can think of. That’s just one technological breakthrough.

Consider a few of the others, such as smart technology, or virtual reality gaming. Instantly you’ll realize the potential in developing new technology and selling the finished product. But, in order for all these products to make their way to the market the individuals all needed financial backing.

That’s where development finance institutions step in. They raise the funds and take some of the profit, but, if your idea is good enough, you’ll get plenty to keep for yourself and you’ll have the knowledge that you helped to change and shape the world. That’s a pretty impressive statement to be able to make but it can happen, just take a look at Apple. 

Development finance institutions need to be open to the possibilities startups are bringing to them, with the right support, a good idea can be turned into a fantastic business.