Funding R&D activities can be a significant challenge for many entrepreneurs. Here are some common funding options:
Bootstrapping: Using personal savings or revenue generated from the business to fund R&D activities. Venture Capital: Seeking investment from venture capitalists who are willing to invest in high-risk, high-reward projects. Grants: Applying for government or private grants specifically aimed at funding R&D projects. Crowdfunding: Raising funds from a large number of people, typically via online platforms, to support specific R&D projects.