The following piece was originally published in Biotechnology Focus magazine.

Most grant programs are generic, which means a funding program can be applied to by many businesses from a whole range of industries. Apart from specialized “green” incentives, the grants fall into three buckets:

-R&D, innovation or product development

-Hiring and training

-Export or access foreign markets

Before you apply for government grants, there are a few things you should be aware of. They include the following:

  1. Virtually, all grants have a capped budget and the funding body that administers the fund always receives more applications than it has funding for.

You can read the rest of this piece here.