Startup Costs

Start A Tech Company

Startup Costs

Wondering how much it costs to start a tech company?

  • The minimum startup costs for a tech company: $7,641
  • The maximum startup costs for a tech company: $67,893
  • The average startup costs for a tech company: $37,767

Here's a detailed list of a tech company startup costs:

Business Formation Fees

There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.

Cost Min Startup Costs Max Startup Costs
Small Business Insurance $500 $2,000
Permit and License Fees $50 $700
Trademarking $0 $700
Lawyer Fees $0 $1,500
A Patent ➜ $5,000 $15,000
Set up business: LLC & Corporations $50 $500

Software Expenses

Your tech company needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Min Startup Costs Max Startup Costs
Design Programs & Software $0 $50
Email marketing tool $0 $100
IT Support ➜ $150 $2,000
Accounting & Invoicing Software $0 $50
CRM Software ➜ $0 $250
Project Management Software $0 $25
Internal Communication Tool $0 $20
Social Media Management Tools $0 $50
Payroll Software $0 $200
Online data storage $0 $299

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your tech company grows.

Cost Min Startup Costs Max Startup Costs
Rent $0 $2,000
Utility Costs (office space) $0 $150
Office Supplies $25 $1,000
WiFi $10 $100

Employee & Freelancer Expenses

Cost Min Startup Costs Max Startup Costs
Payroll $0 $4,000
Other Employee Expenses $0 $1,000
Employee Reward Ideas $0 $500

Equipment & Supply Expenses

Starting a tech company may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Min Startup Costs Max Startup Costs
Technology Office Equipment $500 $5,000
Cleaning Supplies $25 $500

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Min Startup Costs Max Startup Costs
Website builder $15 $100
Web Design ➜ $200 $6,000
A Domain Name ➜ $12 $200
Email hosting $5 $75
Server Hosting $0 $50
Website chat function $0 $75

App Creation Costs

Cost Min Startup Costs Max Startup Costs
App Development ➜ $1,000 $20,000
Apple Developer Program $99 $99

Advertising & Marketing Costs

Cost Min Startup Costs Max Startup Costs
Business Cards $0 $50
Customer Research & Surveys $0 $300
Direct Campaigns, Printing and Mailing $0 $300
Affiliate Marketing Commission & Fees $0 $250
Influencer Marketing $0 $750
Press $0 $500
Google Ads $0 $300
Facebook & Instagram Ads $0 $350

Other Expenses

Cost Min Startup Costs Max Startup Costs
Credit Card Processing Fees $0 $300
Time! $0 $500