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Taking a 7 Lakh MSME loan for rapid prototyping -- good or bad idea?
@hiding110268 Please ping me some contact detail at ceo@daredynamics.com or you can find me on LinkedIn through daredynamics.com . I'll chat with you there -
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Taking a 7 Lakh MSME loan for rapid prototyping -- good or bad idea?
@hiding110268 I've heard mixed things regarding SISF depending on the incubator. Also, it takes time to materialize. Like, 3-4 months, right? EDIT: It's robotics. -
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Taking a 7 Lakh MSME loan for rapid prototyping -- good or bad idea?
@queenos It is a hardware startup in a domain where there is no credibility whatsoever without at least a prototype. And there is a DEFINITE need. One product line will have at least 20 customers (intl) in the initial MK 1 level design -- and another product line is one which will have very... -
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Taking a 7 Lakh MSME loan for rapid prototyping -- good or bad idea?
a) I'm from a good college. b) I have 1.5 years left in college -- if it fails within 1 year I can quickly change track, sit for placements and then get out of debt within a year. c) If I use the funding judiciously, I can return a part of the original loan once other funding avenues pan out...