An inability to provide customers with the product or service they need because of lack of funding is unfortunate. The reality is many companies, especially smaller ones, don’t have the funding to invest in software development services to meet these needs. However, if your company doesn’t have the funds for a new software project, but you have a clear need for one, then you may want to consider looking into grants. Here are some tips for obtaining additional funding through grants so you don’t have to put a significant dent in your bottom line.
The first step in getting a grant is to know where to look. By doing a quick Google search, you can find relevant grants available in your industry. For example, you may be directed to the Agency for Healthcare Research and Quality if you do a search for “healthcare grant opportunities.” Once you look at a few resources, you can narrow down your options to which ones provide the best opportunities suited for your business, no matter what industry you’re in.
If you need specific business software, you need to present a strong case as to why the software will benefit your business and/or the consumer or public at large. There must be a clear problem your business is facing, and a clear reason why the particular software project will solve the problem. When making your case, be realistic about the upfront costs and the annual costs for your software project. If you’re too greedy or aggressive, you may not get your funding. The more realistic and thorough you are when making your case, the better your chances will be of getting a grant.
Having a leadership team with past success with software projects will give your company more credibility. Working with a software development company may help your case if you don’t have an established leader with a track record of successful projects. Many smaller or newer companies fall into this category, so don’t give up if you haven’t established a high level of credibility yet. There are also a number of opportunities available specifically for startups, so you may also consider looking for those specifically.
Founded in 1988, Antares provides software development services to companies in nearly every industry across the U.S. Our software solutions are custom-made to fit the needs of your business, rather than being a standard, cookie cutter solution. If you’ve got a software project in the works, be sure to contact us to see how we can help you.
