Hello everyone I'm new to site but have that this forum has tremendous information and some very intelligent individuals here. I'm currently writing a business plan to try and secure funding for a prototype. I have a great idea but i'm stuck. Can anyone help. Here's the dilemma. I'm looking to get funding so i can develop a prototype. The only thing is I'm not looking to operate a business once the final product has been built. My goal is to license or sell the rights. So the question is, how do or what information is needed in the financial portion of the business plan if not looking to operate a business? Also, the product has no competitors and will be the first of it's kind so its difficult to predict and gather financial information on the industry.
Any advice will be greatly appreciated.
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