Grants can offer opportunities which are difficult to obtain any other way. Beyond the funding they provide, grant programs can open doorways to professional networks and fast-track opportunities for expansion.
Our aim is to empower you to build a strong and successful approach to grants, so that your business can tap into grants again and again. Understanding how grants work will help you to make informed decisions around which grants to apply for and when.
How do grants work?
Grants are offered by government and sometimes by corporations, with the aim of addressing a particular goal or policy. Understanding what this goal is will help you to determine whether your project or business is a suitable candidate for the grant. If your application demonstrates a firm grasp of the intention behind the grant program, your chances of success will be much higher.
Who can receive grants?
Grants are provided for specific projects which meet specific needs. A grant application must therefore be presented as a project, with clearly defined goals, a beginning and an end.
For business, grant funding is available for a broad range of activities. The following are common focus areas:
- Research and development
- Sustainability and green technology
- IT and communication services
- Medical and biotechnology