We write reports

[sadiksojib35]

All the projects we took were two-stage. But the number of stages for grants may vary. Each stage lasts 6 months. After the term, it is necessary to prepare a report in accordance with the requirements of the FSI.

The reporting forms are strict, and the fund will most dominican republic telegram database likely return the documents for you to correct errors. If you fail to close the reporting on time for no reason, you will be charged a fine for each day of delay.

If you are unable to complete a project on time for valid reasons, you can write a letter to the foundation's CEO and explain the situation. For example, the deadline for our last grant was smoothly postponed due to the coronavirus pandemic.

In this regard, the FSI has a fairly honest, fair and humane approach. They are focused on the development of the grant recipient. They understand that their goal is to help companies develop. And for this, they often need to meet halfway, provide all the documentation requested under the grant.

The requirements of the grant agreement do not end with the completion of the project. The grant agreement contains obligations on the average number of employees, turnover and other business development parameters.

The duration of the commitments may vary, but is usually at least five years. The penalty for not fulfilling the post-grant promises is the inability to apply for other grants from the same fund. Or, in simpler terms, a lifetime ban.

A grant is not a gift, but a responsibility. Once you win it, you will no longer be able to change the development trajectory. You will have to work according to plan or return the state investment and pay a fine.

If you understand that the possibility of realizing your plans is only a matter of effort and motivation, it is definitely worth taking advantage of this opportunity. Grants allowed our company to develop an analytics system and bring the new product to the release stage.

If you meet all the criteria, are engaged in science-intensive developments, have enough of your own funds to co-finance 20-50% of your own project costs, and are not afraid of bureaucratic fuss, then grants from government funds will help your small business “spread its wings and take off.”