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Receiving a grant for your business

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Rate:
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Publication date: 18.05.2023
Reading time: 8 minutes
Number of views: 348
Stage Term (days) Cost
  • 1
    Strategic advice and grant selection
    2 UAH 2,280.00

    Lawyer's actions:

    • Analysis of the business idea and its compliance with grant programmes
    • Search and analysis of current funding opportunities (government, international, private grants)
    • Selection of the optimal grant programme
  • 2
    Подготовка полного пакета документов
    25 UAH 7,980.00

    Lawyer's actions:

    • Developing or editing a business plan in accordance with the grantor's requirements
    • Forming a budget, describing goals, target indicators, team, social significance
    • Preparing cover letters, resumes, financial models
  • 3
    Application support and post-contact support
    10 UAH 3,420.00

    Lawyer's actions:

    • Legal audit of the application before submission
    • Support for submission (electronic or paper)
    • Consultations in case of requests from the grantor or when making corrections
In general
37 UAH 13,680.00

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Privat24

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Installment payment

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Privat24

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Getting a grant for your own business 

Getting a business grant is a great opportunity for entrepreneurs or start-ups to get financial support for their ideas and projects. Grants can help cover the costs of starting a business, purchasing equipment, or developing new services and products. It is important to understand that the process of applying for a grant requires some preparation and knowledge. After all, each grant has its own terms and conditions. 

 

Under what conditions can a service be provided for obtaining grants for one's own business?

For successful support in this process, it is necessary to adhere to certain conditions that guarantee the quality and effectiveness of the service:

  • The presence of a clear business idea or project that requires financing.
  • Preparation of a business plan indicating the goal, implementation deadlines and expected results and providing documents on business registration or intentions to open it.
  • The client's readiness for consulting support, making changes to documents and further presentation of the project.
  • The presence of a minimum financial or resource base to begin implementing the idea (if necessary).

Fulfilling these conditions allows you to provide high-quality preparation, increase the chances of approval of the application and lay the foundation for successful business development.

 

What are the types of grants for my own business? 

In fact, there are many types of grants, here are the main ones: 

  • Startup grants. These grants are provided to entrepreneurs who are just starting their business to help them with the start-up phase: developing a business plan, creating a product, launching marketing campaigns.
  • Grants for social enterprises. Individual grants for businesses aimed at solving social problems, developing inclusive initiatives or supporting vulnerable groups. 
  • Grants for technology and innovation. Such grants are offered to entrepreneurs who are engaged in innovative technologies, research or the implementation of new technological solutions in business.
  • Grants from the state or local authorities. Local or national governments may provide grants to support small and medium-sized enterprises, especially in areas that require development or modernisation.
  • International grants. In addition to national programmes, there are grants from international organisations, foundations or embassies that are aimed at developing business in certain regions or industries. 

Each of them has its own peculiarities, so it is worth reading them in detail before applying. 

 

Stages of obtaining financing for one's own business

The procedure depends on the type of grant, but here are the main steps: 

  1. Evaluate grant opportunities Start by looking for suitable grants that are suitable for your business. Check out the requirements of the grant providers and the application process.
  2. Preparing documents Usually, to apply for a grant, you need to prepare a business plan, financial statements, documents on legal capacity and other materials. This may also include recommendations from partners or suppliers.
  3. Submitting the application. When all the documents are ready, you need to submit an application. This usually involves filling out forms on the grantor's website or submitting them via email. 
  4. Reviewing the application and making a decision. After submitting the application, the funder evaluates the project and makes a decision on whether to award the grant. This can take several weeks or months.
  5. Receiving the funding. If your application is approved, you will receive funding for the purpose you have specified. This can be a lump sum or tranches that are paid at different stages of the project. 

By following these stages and their requirements, you can quickly complete the procedure and receive grant funds. 

 

Advantages of contacting a lawyer 

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Professional advice: A lawyer will help you assess the situation and choose the most appropriate grant.

 

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Preparation of documents: A specialist will ensure that all the necessary documents for submitting an application are correctly prepared.

 

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Increasing the chances of success: With a lawyer, you can increase your chances of receiving a grant through a competent application strategy and support in case of difficulties. 

 

Frequently asked questions about the start-up grant 

Question

What is a start-up grant?

Answer

A start-up grant is a non-repayable financial assistance provided to entrepreneurs to develop or launch a business. It can cover the costs of the start-up phase of a business, the purchase of equipment, marketing or other necessary expenses. The grant does not require repayment, which makes it a favourable financial instrument for business development.

Question

Are there any restrictions for receiving a grant?

Answer

Yes, grants are provided only under certain conditions. Most often, grantors limit the scope of business, location or size of the company. For small and medium-sized enterprises, there may be restrictions on the number of employees or annual turnover.

Question

How long does it take to get a grant?

Answer

The grant process can take anywhere from a few weeks to several months, depending on the programme and the funder. After submitting your application, you may be notified of the decision after a certain period of time, which includes the evaluation of your application and verification of documents.

Conclusion

Getting a start-up grant can be an important step towards growing your business. However, this process requires careful preparation and attention to detail. With the help of a lawyer, you can go through all the stages without any difficulties and significantly increase your chances of successfully obtaining funding for your project.

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From Real Users

ВД
Віктор Дорошенко

Не очікував, що можна так чітко пояснити нюанси грантових програм. І навіть коли я отримав фінансування — продовжили консультувати з юридичних питань.

АЮ
Артем Ю.

Мені допомогли грамотно прописати соціальну складову мого проєкту — без цього я б не пройшов відбір. Чудова підтримка, досвідчений юрист.

ІЯ
Ілля Яковенко

Мені допомогли грамотно прописати соціальну складову мого проєкту — без цього я б не пройшов відбір. Чудова підтримка, досвідчений юрист.

ДД
Дарина Д.

Отримала грант на швейний міні-бізнес. Мене супроводжували на кожному етапі — від ідеї до відповіді від донорів. Дуже задоволена, що звернулася саме сюди.

ІР
Ігор Решетняк

Працюю як ФОП у сфері послуг. Консультація була інформативною, бізнес-план оформили грамотно. Міг би бути трохи швидший темп, але результат справді вартий очікування.

ОЛ
Ольга

Я давно мріяла відкрити власну кав'ярню, але бракувало стартового капіталу. Завдяки допомозі з підготовкою грантової заявки отримала фінансування від держпрограми. Усе пояснювали доступно, документи — ідеальні.

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  • Do you already have a business idea in mind?
  • Are you already officially registered as a sole proprietor or an LLC?
  • Need help writing a business plan?
  • Are you planning to apply for an international grant?
  • Does your application require translation into a foreign language?
  • Do you need support after submitting your application?
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