Venture Resources is a relatively new concept that describes the process of subsidizing some if not all
capitalneeded to develop a product or service in the early stages of a new venture with resources. The most traditional and familiar forms of external financing is to seek capitalfrom Venture Capital[ [http://investorwords.com/5236/venture_capital.html venture capital Definition ] ] Firms, Angel Investors[ [http://moneyterms.co.uk Moneyterms: investment/finance glossary/dictionary/education ] ] or even banks. Both Venture Resource firms and fund mangers [ [http://www.nzsuperfund.co.nz/index.asp NZ Superannuation Fund: Home ] ] seek equityin exchange for cash or resource infusion in this case.
The concept of Venture Resources was developed to help early to late-stage start-ups leverage trained, skilled labor to develop their ideas. Similar methods of support are called
Business Incubators that offer, among other things, "physical space, capital, coaching, common services, and networking connections". [ [http://entrepreneur.com/encyclopedia/term/82280.html Term definition: Business Incubator ] ] The difference in Venture Resources is that the business development operations of the ventureare still external and the Venture Resources firm handles all the project management, development, staffingand supportnecessary to launch the venture. This can be more advantageous since it typically does not require the championto relinquish too much control or ownership and may leave more ownership for the entrepreneur in later rounds of funding.
* [http://www.odod.state.oh.us/tech/edison/tiedincu.html| Edison Technology Incubators]
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