Funding Requirements for INNOVATOR FOUNDER 1. You must have sufficient funds to deliver the proposed business idea. Sufficient meaning enough to support yourself and the business especially in the first 12 months of the 3 year period. It covers viability of the business. But you also need to explain in the financial forecast how the funds will be used in the 3 year period. 2. You should also be able to demonstrate how you will arrange and acquire the funds if you don’t show it in your bank account. Potential investments or grants that will convert IF you are endorsed are also counted. 3. The funds CANNOT be held in investments, bonds, credit cards or pensions as this way the funds cannot be easily withdrawn on an immediate basis. 4. The funds can be held in a current or savings account. You can use a bank statement dated no more than 31 days before the application date. 5. Funds from friends and family can also be used if you can show evidence. If you’d like to book a 1:1 call...