Getting funds from the public can be easier said than done. So, make sure that you have polished your proposal well enough. It would also be best for you to follow the tips below. In that way, you can make sure that your research would not be put into waste. Your ideas would have a great chance of turning into a reality.
You should learn to vary your proposals without losing its main core. R&D grants are only given to those who persevere. Thus, take this as a challenge upon yourself. Moreover, do not get intimidated with the people whom you shall be able to find. Make them see that you have done everything in the formation of this concept and it will not fail.
Your partner must have a solid background on everything that you are working on. You can only do so much with the limited time to present to the investors. Besides, you need the perspective of another person in covering all angles. That can help you in making these people see that the minor flaws to your proposal are not things to be stressed over.
Have an accountant and a lawyer who would be willing to provide you with free consultations. If they are your friends, that can be a very beneficial set up for you. So, prepare extensively for the presentation and be ready to reach a compromise with these people. They may have the money but you are the one who is going to make them richer.
Do your homework and be certain that your financial model works. That is one of the few things which matter. Have your accountant run over the numbers and prepare a simpler explanation for these charts. Keep the details intact for you not to be asked to state your proposal all over again.
Make sure that you have checked the current state of the economy beforehand. These men would welcome you into the fold once they see that you are capable of looking at things in a bigger picture. So, constantly talk with analysts even if you know that this would cause another cut to your present budget.
Restrict yourself from doing those follow ups. If these individuals do see the potential in your project, they will be the ones to call you back. Thus, simply be organized with all of your contacts and continue looking for potential partners. Your current prospects will understand and this might even push them to finally make their move.
Keep your focus on the game. A few rejections is not the end of the world. So, simply widen your range of connections and alter some parts of your proposal to fit in the specifications of others.
Be practical with the concept that you are forming. If this can be used by a lot of people, you already have your market. So, spend months in polishing all the details and stop feeling pressured by most of your colleagues. Believe in perfect timing.
You should learn to vary your proposals without losing its main core. R&D grants are only given to those who persevere. Thus, take this as a challenge upon yourself. Moreover, do not get intimidated with the people whom you shall be able to find. Make them see that you have done everything in the formation of this concept and it will not fail.
Your partner must have a solid background on everything that you are working on. You can only do so much with the limited time to present to the investors. Besides, you need the perspective of another person in covering all angles. That can help you in making these people see that the minor flaws to your proposal are not things to be stressed over.
Have an accountant and a lawyer who would be willing to provide you with free consultations. If they are your friends, that can be a very beneficial set up for you. So, prepare extensively for the presentation and be ready to reach a compromise with these people. They may have the money but you are the one who is going to make them richer.
Do your homework and be certain that your financial model works. That is one of the few things which matter. Have your accountant run over the numbers and prepare a simpler explanation for these charts. Keep the details intact for you not to be asked to state your proposal all over again.
Make sure that you have checked the current state of the economy beforehand. These men would welcome you into the fold once they see that you are capable of looking at things in a bigger picture. So, constantly talk with analysts even if you know that this would cause another cut to your present budget.
Restrict yourself from doing those follow ups. If these individuals do see the potential in your project, they will be the ones to call you back. Thus, simply be organized with all of your contacts and continue looking for potential partners. Your current prospects will understand and this might even push them to finally make their move.
Keep your focus on the game. A few rejections is not the end of the world. So, simply widen your range of connections and alter some parts of your proposal to fit in the specifications of others.
Be practical with the concept that you are forming. If this can be used by a lot of people, you already have your market. So, spend months in polishing all the details and stop feeling pressured by most of your colleagues. Believe in perfect timing.
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