Getting Government Grants: What to Do If Your Business is Not Qualified?
August 11th, 2009In most cases, almost all small businesses in Canada are eligible to get government grants. It does not matter if you only have one employee or hundreds of employees, your company can still send grant application to the appropriate Canadian government funding agencies. However, there are also businesses that may not qualify for any grant programs of the government. If this is your case, then you should not lose hope because you can still get hold of government money to fund your business needs. Here are some few steps that you can do in order to get government grants.
The first thing that you can do is to look for an independent research institution that has a nationwide database of all available federal, provincial, and department grants. It is possible that your first search to look for a government grant did not yield good results. But with the help of a dedicated research institution, then your next search could produce positive results. One of the best online research institutions today is the Small Business Finance Centre. You can directly call this research institution and seek help from its qualified consultants. It is highly probable that your small business did not qualify for a grant due to research errors. With the help of SBFC, you will be able to correct such mistake and find a program where you can send grant application.
If your grant application will be rejected by a funding agency due to ineligibility, you have to seek feedback and ask for suggestions from the grants reviewers. It is possible that your failure to secure a favorable decision is due to technicalities. By getting feedback from the agency that rejected your application, you can correct your errors and become eligible again to get government grants. If you want to avoid this kind of inconvenience, you should seek the help of professional consultants who know the ins and outs of the Canadian government grant system. The Small Business Finance Centre has many years of experience in helping business owners find the right grants. SBFC can also provide technical assistance if ever you need it.
If you really can not find the right grants programs where your business can qualify, then the best thing that you can do is to find a non-profit organization that is willing to become your partner. You can establish a joint venture or a partnership agreement with another organization. Your partner organization may qualify for the program. Your partner therefore can become the principal proponent of the project and will be the one sending the grant application. So, through a joint venture, your company and another organization will have greater chances of getting Canadian government grants.
Applying for government grants is easy but there is no assurance that you can qualify immediately. In case you do not qualify for a government grant, then there are several ways to overcome it. You should also review your application methods and proposals because most of the time, poor project concept and incomplete submissions of requirements are the primary reasons why your application will be rejected.
Learn how to prepare compelling grant application. Visit our website today and find out how you can effectively apply for loans and grants from the Canadian government.
