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Bijon Islam, CEO & Co-founder of LightCastle Partners, recently provided valuable insights on fundraising strategies specifically designed for small and medium-sized enterprises (SMEs) during the latest session of the SPARK initiative organized by the UN Global Compact.
This initiative serves as a crucial platform for empowering SMEs to improve their access to finance and implement sustainable practices, ultimately contributing to a greener future.
Key Insights from the Session
During the session, Bijon Islam delved into various sources of funding, including debt and equity financing, as well as alternative funding avenues. He emphasized the importance of building a robust income profile and developing strong relationships with investors at different stages of business growth.
Bijon highlighted the significance of the innovative finance toolkit, which aids SMEs in understanding investment pathways and identifying potential investors. He also discussed the need for a compelling communication strategy for pitching to investors and nurturing sustainable relationships. This comprehensive approach empowers SMEs to secure the necessary funding to drive their sustainability agendas.
The SPARK initiative is designed to enhance access to finance for SMEs, recognizing their pivotal role in fostering sustainable economic growth, job creation, and poverty reduction. In alignment with the UN Global Compact’s mission, SPARK aims to equip SMEs with essential knowledge, resources, and connections to thrive in a challenging financial landscape.
Following the success of its inaugural live sessions in July 2024, SPARK continues to build momentum with a series of focused regional webinars. These sessions provide practical insights and actionable strategies, enabling SMEs in Asia and Oceania to overcome key challenges and unlock new opportunities.
Listen to the full discussion here
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