7 most common mistakes when submitting applications
Technopark “Idea”, whose specialists conduct selections for federal and regional grants, named the main mistakes when submitting applications.
1) Often the applicant confuses “idea” and “project”. Yes, there are grants that are given out for ideas, but large amounts of money are usually allocated for the implementation of the project itself, the author and team of which clearly know what goals and when it will be achieved.
2) The problem of the project is not formed: the difference between the ideal situation and the current situation. The project should become a tool for solving the problem and it must be indicated, as well as methods for solving it.
3) There is bad model of commercialization. Understand why the product is unique? Why exactly do customers want to buy it? How to make money on it?
4) There are no additional materials confirming the value of the application (letters, presentation, photo and video materials, agreements with customers, etc.). Texts and formulas are fine, but try presenting your project to colleagues who have not seen it before. See their reaction to the presentation with and without additional materials. The difference is not long in coming.
5) There is poor preparation for defense. Yes, you are the author and you know the essence perfectly well, but you need to do everything to make the investor fall in love with it in a conditional 3-5 minutes! Highlight the main stages of the performance. Rehearse! Record on video, understand your weaknesses, work on it and bring to automatism.
6) Incorrect contact information is provided. We think this is one of the most offensive moments. Please check all data carefully before submitting your application.
7) Work on the application begins at the last moment. In advance, for example, at the beginning of the year, select the main grant projects for yourself and work on it in stages.
Do you know where to get a grant, but there are difficulties with the application? Or do you think where to get the money for the project?