The privilege to be rewarded with research funding and government grants, whether it is for an independent researcher, an academic from a university, an sme or even a corporate company, is truly something to be valued. After all, these privileges are not given without proper deliberation and tedious screening process.
Among the many generous countries that give abundant research funding and government grant for sme are Israel and Singapore.
“Singapore is known to provide one of the best environments in the world for businesses, and there are not just grants to help start-ups, but Small and Medium Enterprise (SME) as well. Whichever type of business you are operating, you can be sure to find a grant suited to you. These grants work to help develop different aspects of your company's growth, ranging from technology implementation to improve efficiency, human capital development and even implementing strategic business innovation…Other than just having an online presence through the building of a company websites, SMEs may also want to take a step further to increase sales by offering their products and services online. For instance, a food business which is ready to offer online orders will find iSprint's packaged solutions very helpful. The iSPRINT is a grant that helps support SME's use of technology to raise productivity and growth. In this scenario, SMEs can select packaged solutions such as point of sales systems, CFM software and accounting software from a list of vendors from IDA's pre-qualified list. The grant will cover up to 70% of the costs, capped at $20,000.SMEs that prefer to utilize specific sector solutions only need to pay 30% of the expenses upfront to vendors, with the IDA reimbursing the remaining costs directly to the vendors,” wrote an anonymous writer of the article titled 6 Most Useful Government Grants for SMEs for the site newunion.sg.
And Israel has practiced giving abundant grants too to deserving grantees, “Eight early-stage Israeli startups recently were awarded grants in the European Commission’s SME Instrument Program, which helps small- and medium-sized businesses advance development of products judged to be high-potential for Europe and beyond. The percentage of grants won by Israeli companies was more than double that of companies from other countries – 19 percent of Israeli companies that submitted applications won grants, compared with 8.7% of all European companies that filed proposals. Four of the grantees specialize in the environment and alternative energy. The others are developing products in communications, nanotech, biotech and transportation,” as chronicled in the article 8 early-stage Israeli startups chosen for EU grant in the website israel21c.org.
Advantages of government grants according to the site polarisgrantscentral.net are: “ They can provide huge monetary rewards with just one proposal. Some government grants can total in the millions of dollars. * Those who receive government grants find it easier to raise money from other government and private sources. * These grants can be prestigious and give your organization instant credibility and public exposure.”
It is highly recommended to research well about the rudimentary and requirements of grant giving bodies before sending applying for grants or funding. The chances that the grant will be given to you lies on the your ability to follow rules and processes, as well as the clarity and goodness of your objectives and intentions.
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