Financial Backing (Noun)
Meaning
Financial resources provided to make some project possible; "the foundation provided support for the experiment".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The startup received significant financial backing from investors to launch its new product line.
- The artist secured financial backing from a wealthy patron to complete her ambitious sculpture project.
- The company's financial backing from the government enabled it to expand its operations into new markets.
- The researchers were grateful for the financial backing from the university that allowed them to conduct their groundbreaking study.
- The entrepreneur's innovative idea for a sustainable energy solution attracted financial backing from a prominent venture capital firm.