Publication date: 16.09.2024
I am studying in the third year of the State University of Economics and Technology.I specialize in contractual, economic and corporate law, in particular, I provide consultations and write articles.
Getting a grant for your own business can be a great way to get funding for a startup or small business. A grant for veterans can come from government agencies, non-governmental organizations, foundations or corporate sponsors and often does not require repayment, unlike loans. International grants are also quite relevant. Grant for women, men, combatants and others are an important means of business support.
Question
What are the amounts of the grant for your case for a participant in hostilities?
Answer
For a participant in hostilities and/or a person with a disability as a result of the war, registered as a natural person - an entrepreneur, in case of an obligation to create: one workplace - up to 250 thousand hryvnias, two workplaces - from 250 thousand to 500 thousand hryvnias , four jobs — from 500,000 to 1,000,000 hryvnias.
The procedure for submitting documents
To submit an application for a grant according to the norms of Order No. 738, the following stages and requirements should be followed:
- Apply for grants: The application is made personally by the recipient or in a branch of the authorized bank by means of the Unified state web portal of electronic services (Dia Portal). Before submitting an application, you must be identified and authenticated through an integrated electronic identification system, which may include an electronic signature based on a qualified electronic signature certificate or other means of identification.
- Application requirements: The application is made in an arbitrary form, which should be suitable for perceiving its content. After filling out the application, it is necessary to put an electronic signature based on a qualified electronic signature certificate. The application must be accompanied by a business plan. The form of the business plan is determined by the Ministry of Economy. Applications without a business plan will not be considered.
- Deadlines for submitting applications: The Ministry of Economy sets deadlines for submitting applications within the calendar year. The State Employment Center informs about these terms.
- Storage of applications: The authorized bank forms a list of submitted applications and stores it in an electronic database for three years from the date of completion of applications.
- Providing a grant: A grant for own business is provided to the recipient once.
This process ensures that your grant application is officially registered and meets all the necessary requirements for further consideration and funding.
Question
What can grant funds be spent on?
Answer
Grant funds provided to support entrepreneurial initiatives can be used for various needs that help in the implementation of a business project. Purchase of equipment necessary for work, which will help in automating processes, increasing the efficiency of production or providing services, purchase of raw materials and materials, purchase of necessary software, advertising expenses, brand promotion, marketing research, advertising campaigns and strategic services to attract customers and increase visibility.
Development of a business plan for obtaining a grant
Developing a business plan for obtaining a grant is a key stage, as it allows not only to describe your business plan in detail, but also to convince the grantor of the feasibility and viability of your project. Here's a step-by-step plan for creating an effective business plan:
- Project Summary: Provide a concise summary of your business plan, including the main project objectives, grant need, key business aspects and expected results. Specify what exactly the grant funds will be used for and what results are planned to be achieved.
- Business description: Describe the form of ownership (FOP, LLC, etc.), business structure, and the main stages of development. Define business strategy and long-term vision. Describe the products or services, their unique benefits and key features.
- Market Analysis: Describe your target market, including demographics and geographic characteristics. Assess market trends, demand for your products or services, and potential opportunities and threats. Analyze competitors, their strengths and weaknesses, as well as your competitive advantage.
- Marketing Strategy: Determine how you will reach and engage your target audience. Describe promotion strategies (advertising, PR, social media) and sales channels. Describe the pricing policy and pricing strategies.
- Organizational Plan: Introduce key team members, their qualifications and roles. Describe the business organizational structure, management processes and operating procedures. Specify the location of the business, the necessary resources and infrastructure.
- Financial plan: Create a detailed budget for the project, including costs for equipment, materials, advertising and other expenses. Develop financial forecasts for the next 1-3 years, including revenue, expense and profit forecasts. If the grant is partial funding, specify how you plan to cover the remaining costs (e.g. through your own funds, loans).
- Risk assessment: Identify potential risks that may affect the implementation of the project (economic, market, financial). Describe measures to reduce and manage these risks.
Services of a lawyer for grant registration
Obtaining a grant can be a complex process that requires attention to detail and compliance with all regulatory requirements. The services of a lawyer can be very useful at various stages of this process. Here's how a lawyer can help you get a grant:
Consultation on apply for a grant: A lawyer will help assess whether your business project meets the requirements of the grant programs that interest you. Explain the conditions for various grant programs and help you choose the most suitable one for your project.
Preparation of documents: A lawyer can help in the development of a business plan that meets the requirements of the grantor, as well as in the evaluation of its legal aspects. It will help to correctly prepare a grant application, including all the necessary documents and information. Check the compliance of all submitted documents with the requirements of the grant program.
Legal support: Will ensure compliance with all legal requirements and regulations related to grants, including ensuring that the application and accompanying documents are correct. Will provide advice on issues arising in the application process and possible legal risks. May represent your interests when interacting with the granting organization, including clarifying requirements, resolving issues and disputes.
Drawing up legal aspects of financing: It will help to draw up a grant and conclude contracts that regulate the terms of receiving and using the grant, including the protection of your rights and interests. It will evaluate the obligations that arise in connection with receiving the grant and will provide recommendations for their implementation. It will help ensure the correct use of grant funds in accordance with the terms of the contract.
Receiving a grant is a powerful tool for supporting and developing a business or implementing social initiatives. The involvement of a lawyer can significantly facilitate the process of obtaining a grant and help avoid legal mistakes that can affect the success of your application. A well-prepared business plan will not only help you get a grant, but will also become a reliable basis for the successful launch and development of your business.
