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As an engineer, how do find funding for a project?

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Question added by Salma Fakih , Architect , -
Date Posted: 2015/08/03
Ahmed Shalabi
by Ahmed Shalabi , PMO Manager , Miracles Group

It depends on the project's type and its clients. For big and governmental ones, most banks will be more than happy to support for an attractive margin. For small and privet ones, I may relay on a large first payment from the client.   

Abdulhakim Amer
by Abdulhakim Amer , IT Systems Senior Administrator , SABAFON Telecom

Banks are the most funding resource.. safely

Usama Abushaqra
by Usama Abushaqra , Project Director , Almulla Engineering

privet fund, banks, government funding, external investors

khalid  alsaaid
by khalid alsaaid , Intern , Near East Hospital

well, it depends which country we are talking about here .. if you are in a country with high tax rate then I guess it will be easy to find. 

Yaqoub Alomar
by Yaqoub Alomar , Civil Engineer , Al-Zubeir municipality

Your source of funding depends on the type of project. A large company, a rich individual ("angel") investor, or a group of smaller investors are all viable possibilities. The government might also fund it if it is something like solar energy, or something "green". If it is spy stuff, 

However It is not sufficient that you make money when working on your project. In order to attract investors, you will likely have to convince them that THEY will make money from your project. Otherwise, they have little incentive to give your their money.

 

 

basem awad
by basem awad , Senior Software Engineer & Project Lead , Siemens

Are you an individual with an idea and you want to start a project to implement it or are you talking about projects within established companies. I mean by established companies is that companies who already have revenues being generated either by services or products. In this case, the company fund the project. In your individual case as an engineer, you need to look for investors or a company that is willing to take on your idea and fund it.Most engineers with great ideas fail to realize their ideas because  of funding. You could start with small steps and have your project gain momentum and hopefully somehow you get recognized.

Ajayaprasad A V Anilsadanam
by Ajayaprasad A V Anilsadanam , General Manager , Formulized Techno Energy Pvt Ltd

Advance Payment & Progressive Invoice System

Mazen Boureslan
by Mazen Boureslan , Manager , Al Rafeej Services & Car Rental/ Al Rafeej Limousine

You first look for the project's potential clients. If they are interested and capable, they fund. Second, you look for investors who have capital and do not know what to do with it, as the bank's interest is low and whatever is the investment, the ROI would be higher.

Need to communicate with the project sponsor, bank, loaner, or any other resources. Also need to describe everything about the project in its charter. 

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