How much do I need to budget for my pre funding activities (accountants, solicitors, etc.) UK
I'm working on a novel drone concept that has significantly longer flight times and increased payload capacity.
The prototype is built and flying, I'm in the process of potentially getting a patent on aspects of the drone.
I'm now looking towards potential seed funding (likely we'll have the smallest possible MVP but will need CAA approval which will take time and money).
Likely via a VC as our 2-3 year roadmap to full CAA approval will cost somewhere between £1.7m and £2.5m across the 3 years (expensive software engineers, expensive aeronautical engineers, CAA compliance specialists, etc.)
I'm trying to get a good estimate on how much money we need before we get funding.
Conscious that we need to make sure the company is structured properly and for that we'll need a decent accountant and decent solicitor, with experience in launching "deep tech" start ups.
How much does that cost, roughly, and what/when so you need to pay.
If there is anyone on here with real world experience it would be good to hear your story/costs/timelines/payment deadlines in relation to receiving funding.
Also, anything else I've missed/not thought about?
Thanks in advance.