funding

Vocabulary Word

Definition

'Funding' is the money that's been set aside or given to complete a particular task, project, or function. It could be from a person, company, or government.

Examples in Different Contexts

In tech startups, 'funding' is crucial for developing cutting-edge technologies and sustaining operations. A startup founder might say, 'Acquiring sufficient funding empowers us to refine our technological offerings and scale our operations to meet market demands effectively.'

Practice Scenarios

Business

Scenario:

Our startup has some great momentum, but we need to fully capitalize on it. I think it's time to start considering our next step for financial support.

Response:

I agree, we should start exploring more funding opportunities and perhaps pitch to venture capitalists.

Creative

Scenario:

We have a brilliant script on our hands and a perfect director for the job. Let's look into ways we can monetize this project.

Response:

Absolutely, let's start scouting for potential backers and secure funding to kickstart production.