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:
- 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.