There are a wealth of funding opportunities of which you can take advantage to position your innovation for acquisition and uptake into the regional and global markets. From connector grants, Institutional investments, to facilitate scale-up, their sole purpose is to accelerate the commercialization value-chain and ensure your idea is realized into a tangible product/service. The funding takes the form of in-kind (ie “offering something tangible that is not cash) or cash contributions either matched or leveraged, depending on the specific stage of the invention. The contributions to the endeavour can either dilute the company position or be non-dilutive. Generally, the later the stage in the commercialization process, the greater the tendency for the funding contributions to be dilutive. When non-government contributions come into play, such as Angel and VC investments, the contributors are looking for a return on the significant risk they will carry throughout the investment term. The risk simply is in the failure of the innovation and company to achieve their commercial potential.
The following sections take you through some of the funding opportunities that exist and how they typically function. This is not an exhaustive list, as many applied-focused grant / funding opportunities are fleeting & come and go.