Definition of Funding

Funding is an act of arranging or providing money, other resources like human and time required to run business operations or Government duties. Funding can also be done for individuals.
There is another common term that is financing. It also means arranging for money to inject in the business and run it. But the difference between both is that in funding you are not compulsory required to repay the borrowed amount and no interest applies.
In financing, however, interest and repayment option both exist on mandatory basis.