ForumsFinancing Tips

Up to All Forums

This Question is Answered

1 "correct" answer available (5 pts) 1 "helpful" answer available (4 pts)
Post a new topic
6 Replies Last post: Nov 9, 2007 5:49 PM by manandoctor

What is the procedure ?

Nov 9, 2007 2:04 PM

Click to view manandoctor's profile Start-up manandoctor 4 posts since
Nov 9, 2007

Hi, We have a business plan ready and the business is Asia. Business is Medical Device Contract Manufacturing. I was wondering if I can get the investment from USA. Can somebody put some light on how to proceed further with this plan ? Everything is ready except we need somebody to invest.

Thanks


Docs

Tags: Report as inappropriate
Click to view Techie's profile Founders Techie 46 posts since
Jul 29, 2007
1. Re: What is the procedure ? Nov 9, 2007 2:10 PM
Hello! Welcome to the forum! Are you looking for a loan or are you looking for venture capital? Is this a business idea - - that needs funding, or are you already operating and need more cash infusion? There are many U.S. based venture capital firms that focus on investing in new or existing companies with a focus on medical devices/bio tech industry. However, it's highly competitive.
Report as inappropriate
Click to view manandoctor's profile Start-up manandoctor 4 posts since
Nov 9, 2007
2. Re: What is the procedure ? Nov 9, 2007 2:16 PM
in response to: Techie
Thanks Techie,
This is a business idea that needs funding. The medical device sector we are planning to start up is first of its kind in country so ROI should not be a problem. The only problem is funding, does not matter how it comes in -Loan or VC. I want to know the normal procedure to proceed further. Budget is about $1M and we would be able to put about 5 % as down. We have been struggling to manage the funding. Any advice would be greatly appreciated.
Thanks
Docs
Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,933 posts since
Aug 6, 2007
3. Re: What is the procedure ? Nov 9, 2007 2:48 PM
How do we get to see the Business Plan?? Did you plan on repayment and over what period??
LUCKIEST
Report as inappropriate
Click to view manandoctor's profile Start-up manandoctor 4 posts since
Nov 9, 2007
4. Re: What is the procedure ? Nov 9, 2007 2:59 PM
in response to: LUCKIEST
Yes, We have cost/profit sheets ready and depending on the size of the contract, Repayment plan would be ready too. I don't know how you want to see the business plan. In Person, email ? What are other options ? What else does one want to see in business plan ? Also planning to start the phase one within a month, that is buying land in economic zones and start building a plan for plant.
Report as inappropriate
Click to view Techie's profile Founders Techie 46 posts since
Jul 29, 2007
5. Re: What is the procedure ? Nov 9, 2007 3:34 PM
in response to: manandoctor

Hi there!

1) Check out this great article by Forbes magazine (it's a leading American business magazine) and highlights the best VCs in the U.S. These are the best/most reputable U.S. based VC firms:
http://members.forbes.com/asap/2000/0529/098.html

2) I also found this medical device specific venture capital website. You should check this out. I can't vouch for the legitimacy or reputation for these firms though as it's such industry specific.
http://www.devicelink.com/links/venture.html

Good luck contacting them with your business plan! I wish you the best.
Report as inappropriate
Click to view manandoctor's profile Start-up manandoctor 4 posts since
Nov 9, 2007
6. Re: What is the procedure ? Nov 9, 2007 5:49 PM
in response to: Techie
Thanks Techie, This is really useful information.
Report as inappropriate

More Like This

Most Recent Forum Posts

As a merchant, would you choose a cash advance?
48 minutes ago

New Business Owner
49 minutes ago

Increase Sales in any Business For a Fraction of the Cost..
1 hour ago

Advertising Ideas???????
2 hours ago

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read