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Thinking About Government Grants For Research And Innovation

Federal grants are given to organizations and non-profit organizations to achieve specific social and social aims, for the most part. This doesn’t preclude them being used for business, but the most effective way to get federal grant money in this way is to claim the grant in collaboration with a non-profit, so that the non-profit can hire your company to do the work needed.

Exceptions to this are the Small Business Innovation Research (SBIR) programs. These are designed to foster research from small companies into solving problems various federal agencies want solved. SBIR grants are research grants, for the most part. You have to demonstrate that you have sufficient capabilities to respond to the problem. SBIR grants come in three phases, phase 1 grants tend to be small, around $100, 000, and are there for citizens to make proposals to win larger grant development processes. From the SBIR programs perspective, it is best to spend for 20 phase 1 grants and sort through the applicants for the phase 2 grants, to finally award two or three phase 3 grants to, to take the concept on to implementation.

Most SBIR grants are provided in technical fields, such as medical research, military training and simulation, and ecological remediation.

Wow!

Project grants are a category of grant given for the termination of a specific project. This is good for covering project development costs, but i’m not the overhead of running a business, still, if you’re looking to complete the income stream of your business, project grants are a great way to go about it.

Government Grants For Research And Innovation: And so much more…

It is essential to provide learning and growth opportunities to employees. Working in a dead-end job that provides no opportunities for professional and personal growth will inevitably result in employee dissatisfaction and to enhance the employee turnover rate.

It is important not to overload employees with work. Maintaining a healthy work-life balance is of paramount importance for many employees. An all work and no play approach will turn out to be damaging for a business organization. Even employees, who choose to do a great deal of overtime, end up not being as productive due to fatigue. And research shows that employees aren’t as creative or innovative when they spend long hours with few breaks at work.

It is important for business organizations to recognize and appreciate the work carried out by employees. If good work performed by employees goes unnoticed, it will give rise to employee dissatisfaction and high turnover.

Providing substandard working conditions to employees will inevitably lead to high employee turnover. Lack of basic facilities such as adequate lighting, ventilation and safety provisions will have a negative effect on employee morale.

As you read up on individual grant programs, keep an eye peeled for restrictions on what you can then use the funds for. You will have to give an accounting of the way in which the money was spent, and on what.

Make sure you take advantage of all of the subsidy programs the federal government offers. If these grant sources aren’t used, they’ll disappear.

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