In focus: How to find funding. Yet no matter how many new buzzwords or ground-breaking ways of working come to the fore, many of the most important aspects of business are still those that have been around for thousands of years.
How to find funding for your company is one such example. As anyone who has ever started their own business can attest to, getting the money to make your grand visions a reality is not always the easiest of tasks. Our latest In focus series confronts this very problem, how do we best fund our start-ups? Brian Canavan - Now that's a great idea :) #fun #happiness. Grants: the basics. Funding for Innovation. When we talk about 'funding' in the context of stimulating innovation in your business, we mean helping you to access sums of money that may be available to take your business idea forward.
In the early stages of applying for funding, these are sometimes called 'innovation awards' or 'innovation vouchers'). This early stage innovation funding is used to 'buy out' research and development time with an academic partner to help progress the ideas that will contribute to your business growth. What does the funding pay for?
If the Encompass team member that you meet thinks that your project may have funding potential, they will aim to identify an academic partner to work with you to shape and develop a potential research project. If the potential research project is deemed suitable for funding, Encompass, in conjunction with your academic partner, will help you to identify the most suitable funding stream, assist in the application process and then work on the project with you. Bloom - Be part of the crowdfunding revolution. Scottish Enterprise.