Riovic Capital Group understands that building a groundbreaking tech product is the cornerstone of your startup’s success. However, securing the necessary resources can often lead to difficult choices, including diluting your equity early on.

Introducing Product Development Finance, powered by Riovic’s Research and Development Program. This innovative financing solution allows ambitious early-stage tech startups to access professional product development expertise and resources without giving up equity during this crucial phase.

How Our Product Development Finance Works:

We provide the financial backing to develop your core technology product in collaboration with our expert development partners. In return, Riovic secures a temporary interest in the developed output – the software, platform, or technology we help you build – not your company’s valuable equity.

Here’s a Step-by-Step Guide:

1. Share Your Vision: Tell us about your innovative product idea, target market, and key development requirements.
2. Collaborative Scope Definition: We work with you to define a clear and achievable scope for your Minimum Viable Product (MVP) or initial product iteration.
3. Transparent Costing: You’ll receive a detailed and transparent breakdown of the development costs involved.
4. Product Development Finance Agreement: We establish a clear agreement outlining the development scope, a predictable monthly repayment schedule, and Riovic’s temporary security interest in the developed product.
5. Expert Product Development: Our experienced development partners, including Cybatar Venture Lab and our wider network, bring your vision to life, keeping you informed throughout the process.
6. Progressive Ownership Vesting: As you make your scheduled monthly payments, ownership of the developed product gradually transfers to your company.
7. Full Ownership Achieved: Upon complete repayment, you gain full and unencumbered ownership of your developed product and its associated intellectual property (excluding any pre-existing IP you brought to the table).

Benefits of Choosing Riovic’s Product Development Finance:

• Zero Upfront Capital Burden: Access professional-grade product development without significant initial financial outlay.
• Retain Full Equity Control: Keep 100% ownership of your startup during this critical development stage.
• Aligned for Product Success: Riovic’s success is directly tied to the creation of a functional and market-viable product.
• Predictable Financial Planning: Manage your finances effectively with clear and structured monthly payments.
• Access Expert Development Talent: Benefit from the skills and experience of our vetted development partners.
• Accelerate Your Time to Market: Bring your innovative product to users faster without the delays of traditional fundraising.

Is Product Development Finance Right for Your Startup?

This solution is ideal for ambitious early-stage tech startups that have:

• A compelling and innovative product idea.
• A dedicated and driven founding team.
• A clear vision for their product and its market potential.
• Existing investor backing or a demonstrable revenue-generating business model.
• A need for professional product development but want to preserve equity in the early stages.