DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - How to you raise Capital for your startup?

**VawSwaspamups** · 09-21-2012, 11:09 AM

Depending on what you are doing, there are a number of Government grants up for grabs. COMET is the biggest one.

We missed out on a grant a while back for the most irritating reason - they had our business plan for months, they loved the idea, they drafted and redrafted and went through it all SO many times, and rejected it based on something we had in line one paragraph one and repeated all over the document - 'self published on the internet'. They wouldn't fund unless we had a contract with a publisher, but we met every single other criteria they were looking for and they were quite enthusiastic about the idea. That was a big waste of time and effort on everyone's behalf that we wouldn't have pursued if we (and our contact who was doing the drafting with us) knew that upfront.

So if you're going to chase grants/VC, don't do it one at a time, send out a bunch at once. And read the small print - ALL the small print. They can be a very time consuming process.

09-21-2012, 11:09 AM	#2
VawSwaspamups Join Date Oct 2005 Posts 487 Senior Member	Depending on what you are doing, there are a number of Government grants up for grabs. COMET is the biggest one. We missed out on a grant a while back for the most irritating reason - they had our business plan for months, they loved the idea, they drafted and redrafted and went through it all SO many times, and rejected it based on something we had in line one paragraph one and repeated all over the document - 'self published on the internet'. They wouldn't fund unless we had a contract with a publisher, but we met every single other criteria they were looking for and they were quite enthusiastic about the idea. That was a big waste of time and effort on everyone's behalf that we wouldn't have pursued if we (and our contact who was doing the drafting with us) knew that upfront. So if you're going to chase grants/VC, don't do it one at a time, send out a bunch at once. And read the small print - ALL the small print. They can be a very time consuming process.
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