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Receiving a grant for business development

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Publication date: 18.08.2024

The WASABI project opens up new opportunities for small and medium-sized enterprises (SMEs) from all production sectors by announcing a competition for funding up to 10 innovative applied experiments. 

Contest goals and opportunities

The purpose of the competition is to attract participants from various production sectors who use advanced functionality to implement digital assistant solutions, such as:

  1. Human-machine interface for complex processes;
  2. Flexible introduction of new employees into complex production systems;
  3. Conversational AI to facilitate access to data in various subject areas;
  4. Dialogue maintenance operations.

Thus, WASABI announces an open call within which up to 10 applied experiments will be funded aimed at developing and using AI-based solutions for processes or products.

The main goal of the competition is to support the development and implementation of artificial intelligence-based solutions that will help automate and optimize the processes or products of participating companies. 

Question

What are grantmakers focused on?

Respond

The WASABI project focuses on digital intelligent solutions based on the cooperation of humans and artificial intelligence in the field of production. WASABI solutions enhance workers' cognitive abilities and accelerate knowledge acquisition and transfer through natural language processing (NLP). WASABI makes digital intelligent assistance and conversational AI-based solutions accessible, affordable and manageable even for small companies, promoting sustainable development, technological and operational innovative capacity and competitiveness in the market

Question

What are the conditions of participation?

Respond

 The competition is open to applications from small and medium-sized enterprises (SMEs) that will cooperate with the Digital Innovation Center (DIH) or the European Digital Innovation Center (EDIH). SMEs are defined as enterprises with fewer than 250 employees and an annual turnover not exceeding EUR 50 million and/or an annual balance sheet not exceeding EUR 43 million.

Question

The amount of funding is set in any grant. What amount of funding is offered in the WASABI project?

Respond

The budget of the competition is 1,250,000 euros to finance 10 experiments. The maximum amount of funding for one experiment is up to 125,000 euros.

Evaluation of applications

Each application will be evaluated by two experts according to the following criteria:

  • Perfection;
  • Influence;
  • Realization.

Proposals will be submitted to SMEs through the Evaluation Management System (EMS) platform: wasabi.ems-innovalia.org.

Legal support in obtaining a grant for veterans and their family members

Providing financial support to veterans and their families is an important task that requires a comprehensive approach. Grant assistance for veterans and their family members includes a variety of services, including counseling prior to the scheduled grant interview and counseling on the grant application process . 

  • Grant funding for veterans and their families is a necessary support that helps them adapt to peaceful life, start their own business or implement social projects.
  • Legal support when applying for a grant is a critical component of this process. Legal experts can help with the issue of adjustment of the usiness plan formation for grant eligibility, and each with the process of forming a business plan formation for grant eligibility. Understanding the criteria for receiving a grant by veterans, which are the basis for successful submission and consideration of grant applications, are also important aspects.
  • Submitting and reviewing grant applications is a complex process that often requires the option of legal assistance in obtaining a grant. Legal support specialists can provide advice, help with the preparation of the necessary documents and ensure that the application meets all the requirements. Thanks to this, veterans have a better chance of receiving the necessary funding for the implementation of their projects.
  • The lawyer monitors the compliance of the project implementation with the terms of the grant, helps in the preparation of interim and final reports, as well as in solving legal issues that may arise in the process of project implementation. If the grant is successfully received, the lawyer helps in negotiations with the organizers of the competition and partners, ensuring compliance with all legal obligations.

We remind you that our company deals with assistance in obtaining grants. You tell us the basics of your vision, and we draw up a business plan on the basis of this, which will conquer any donor.

Business plan adjustment for grant approval requires thorough consultation for grant application process. Legal support for grant applications includes lawyer assistance for grant acquisition and the review of grant eligibility criteria for veterans. Grant application submission and review should be followed by consultation before grant interview to ensure all requirements are met.

Lawyer's services for receiving a WASABI grant

WASABI's grant lawyer service includes a comprehensive approach aimed at maximizing the chances of your application being successful. Key aspects of this service include:

Evaluation of compliance: The lawyer analyzes your project and business model for compliance with the competition criteria, in particular the requirements for small and medium-sized enterprises (SMEs), as well as the technical and financial conditions of the grant.

Preparation of documents: The lawyer assists in the preparation and execution of all necessary documents for the application, including business plans, technical descriptions of projects, financial statements and other documents that may be required.

Legal support: The lawyer provides legal support at all stages of the application, including consultations on legal aspects, assistance in solving legal issues and communication with the competition organizers.

Strategic consulting: The lawyer provides strategic advice to increase the competitiveness of your application, helping to highlight the key advantages of your project and properly present them.

Conclusion 

Receiving a WASABI grant can significantly accelerate the development of your business, and professional legal support will help you avoid potential difficulties and ensure the success of your application. The lawyer analyzes the possible risks associated with the application and implementation of the project in case of receiving a grant, and offers strategies to minimize them. Therefore, do not delay. If your field of activity fits the declared criteria - feel free to contact us for help and get new opportunities!

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