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How Can Prize Money Be Utilized?
The ways in which prize money can be used are varied and often depend on the stage and needs of the business. Common uses include:
Developing or refining a
prototype
Conducting market research
Marketing and promotional activities
Hiring essential team members
Scaling operations
Frequently asked queries:
What is Prize Money in Entrepreneurship?
Why is Prize Money Important?
How Can Prize Money Be Utilized?
What are Some Common Sources of Prize Money?
What are the Criteria for Winning Prize Money?
Is Prize Money Taxable?
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