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The right to receive grant funds for starting a business, legal advice

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PREMIUM 59.94
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Borevych Mariia
Lawyer
Ukraine / Kyiv
Borevych Mariia

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Publication date: 17.04.2024

I am your personal lawyer. My goal is to help the client find the best solutions for current legal issues.

Consultation on starting a business with grants. Getting consultations on starting a business using grant funds can be a significant step for the successful start and development of your enterprise. Here are some steps you need to take to get advice and determine the category of business financing programs, types of activities eligible for business grants:

 

Researching potential grants: Before applying for a consultation, it is important to research what grant programs are available for your type of business. You can search for grants through local government programs, international organizations, foundations, business incubators or specialized websites.

 

Contacting professional consultants: Contact professional consultants or business lawyers with experience in grant programs and entrepreneurship. They can provide you with advice on program selection, the application process and documentation requirements.

 

Attending seminars and workshops: Educational events are often held, where you can get useful information about business financing, including grants. These events also provide an opportunity to meet other entrepreneurs and find mentors.

 

Consultations in business incubators and accelerators: Business incubators and accelerators often provide not only financing, but also valuable advice on business development. They can help with business planning, marketing, management and other aspects.

 

Consulting centers for entrepreneurs: In Ukraine, there are specialized centers for the support of entrepreneurs that provide free or paid consultations for startups and small businesses. When receiving consultations, it is important to have a clear idea of ​​your business plan and needs in order to effectively use the advice of experts. It is also important to prepare all the necessary documents and materials in order to discuss them with the consultants.

 

     Applicant status and grants for veterans/individuals/registered sole proprietors. The applicant's status can significantly affect his or her ability to receive grants, especially when it comes to specialized funds or government programs aimed at supporting certain groups of the population, such as veterans, individuals, or registered sole traders. Here are some key differences and opportunities for each of these categories:

 

1. Veterans
Targeted grants: Veterans can take advantage of specialized grants that support their social and professional recovery. These can be grants for education, professional retraining, startups or business projects aimed at the reintegration of veterans into civilian life.

Government programs: Governments often have special programs for veterans that include not only grants but also other forms of support.

 

2. Natural persons
Grants for education and development: Individuals can apply for grants for personal development, training or implementation of cultural and social projects.

Competitive programs: There are often competitive programs that require individuals to demonstrate certain achievements or plans for project implementation.

 

3. Registered FLPs
Business grants: FLPs can get access to grants for small and medium-sized businesses that contribute to the development of entrepreneurial activity, innovation or expansion into new markets.

Concessional loans and financing: Some grant programs may offer concessional financing or loans aimed at supporting FLPs in specific industries or regions.

 

4. General advice for applicants
Documentation: Regardless of category, all applicants must prepare appropriate documentation, which may include business plans, financial reports, project descriptions, etc.

Consultations: Consulting professionals or participating in seminars and workshops can significantly increase the chances of success in obtaining grants.

Application Deadlines: Be aware of grant application deadlines and requirements, as missed deadlines or incorrectly completed applications may result in rejection.

 

      Choosing an appropriate grant program and being ready to carefully prepare an application can significantly increase your chances of receiving support and the right to receive grant funds for starting a business, other business services.

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