
Why Start a Business? 6 Compelling Reasons to Take the Leap
Starting a business can be one of the most exciting and rewarding endeavours of your life. But why should you
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Research and Development (R&D) grants are available to support innovative projects. To apply, follow these steps:
Example: David’s biotech firm received an R&D grant to develop a new diagnostic tool. The funding allowed him to conduct necessary research and bring the product to market.
Export development grants help businesses enter and expand in international markets. The application process includes:
Example: Rachel’s food processing company used an export development grant to enter the European market, funding trade show participation and marketing campaigns that led to new international clients.
Innovation vouchers provide funding to collaborate with knowledge providers on innovative projects. The process is as follows:
Example: Kevin’s software company partnered with a local university to develop a new AI algorithm using an innovation voucher. The collaboration resulted in a cutting-edge product that boosted sales.
The Access to Finance Scheme provides various funding options to support business growth, including:
Example: Laura’s renewable energy startup secured a growth loan to expand her solar panel manufacturing facility, enabling her to meet increasing demand and scale operations.
Starting a business can be one of the most exciting and rewarding endeavours of your life. But why should you
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Read MoreValidating your business idea is a critical step to ensure that there is a demand for your product or service
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