Question: Question 1 a) Research and Development projects in the New Product Development and Innovation are capital intensive and required adequate finance to avoid locking up

Question 1 a) Research and Development projects in the New Product Development and Innovation are capital intensive and required adequate finance to avoid locking up scarce resources in projects. There exist three alternatives, but not mutually exclusive sources of finance useful for these kinds of projects. State and explain these sources of finance and how they differ from each other. (8 Marks)

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