An innovation grant is a sum of money given by the government or other organisations to help accelerate the development of your game-changing idea. Securing an innovation grant is a highly competitive and often time-consuming application process. If your application is successful, however, the benefits mean you secure funding without taking on any debt or releasing any equity within your business.
A grant can help you accelerate your product development, access new partners, and validate your innovative approach, but first, you’ve got to apply.
The specific details of an application depend on the funding body you’re applying to, but each will cover the same basic questions. There may also be multiple phases to an application, including an interview following the submission.
A grant application typically includes three main elements:
We recommend a minimum of six weeks to develop an innovation grant funding application (allowing plenty of time for reviews and edits). Post-submission, it typically takes 1.5-3 months to learn if you have been successful, depending on the funding competition (a little longer if an interview stage is also required).
To maximise your likelihood of securing funding, our in-house team of experts can work with you to write a compelling grant application. We provide end-to-end grant writing consultancy services helping companies select suitable funding options for your project, grant writing and full management of the funding application process.
If the Grant Writing service is of interest to you, get in touch with us today.