There are multiple funding options, including (but not limited to):

1. Crowdfunding- Crowdfunding leverages the collective effort of friends, family, customers, and investors to raise capital, primarily through online platforms and social media networks. It taps into a wide pool of individuals to amplify reach and exposure for fundraising initiatives.

2. Bootstrapping- Bootstrapping is when you use your own personal savings to fund your business. This is often the most common funding option for early-stage startups as it doesn't require giving up equity or taking on debt.

3. Venture Capital- Venture capitalists are firms that invest money in startups in exchange for equity. They typically invest larger amounts of money than angel investors and usually only invest in businesses that have high growth potential.

4. Angel Investors- Angel investors are individuals who invest their own money in startups in exchange for equity. They typically invest smaller amounts of money than venture capitalists, but they can be a good source of funding for early-stage startups.

5. Government Grants- Some government organisations offer grants, a form of non-dilutive funding where the money doesn’t require you to give up equity. The eligibility requirements vary depending on the programme, but there are typically a number of different grant programmes readily available for startups.

6. Small business loans- Small business loans can be a good option for startups that need a relatively small amount of money to get off the ground. If you have a solid business plan and good credit, you may be able to get a small business loan from a bank or other financial institution. However, loans typically come with interest and may need to be repaid within a set timeframe.

7. Accelerators & Incubators- Incubators and accelerators are programmes that provide resources and mentorship to early-stage startups. Many of these programmes offer funding in exchange for equity, so it's important to do your research before committing to one.

Startups should evaluate their business in order to decide which funding option suits them best. To find out more about the different funding options, check out our Government Funding page or Programmes page at www.mystartup.gov.my

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