Government Research Grants
While not traditionally advertised, government research grants can be another source of funding. Many federal government departments are expected to spend one to three percent of their annual operating budget on research. As a result, they make grants available to private individuals and start-up companies whose ideas coincide with the agencies' function and mission.
Who Should Apply:
Businesses seeking alternative financing
Businesses with products or services that closely match agencies' missions
Compare:
Advantages
More funding may be available because these grants are not traditionally advertised.
There are no application or processing fees.
Disadvantages
Grant information can be difficult and time consuming to find.
