All You Need To Know About A Governmental Grant And How To Study Its Authenticity

Let’s start off this article by answering the main question in your minds right now: What exactly is a grant? Typically, a grant is an assisted fund provided by various organizations who are most commonly referred to as “Funding body’s”. These organizations may range from private, public, governmental, or even non-profit organizations that are looking to achieve their objectives. 

A grant needs to serve a purpose before it has been disbursed to an applicant. Therefore, before you choose to proceed with a grant request, thoroughly study the terms and conditions of the grant application before signing on the dotted lines. This way, you could save yourself and the grant organizing committee from any contractual errors. 

There are a few types of grant applications that should be taken note of before. First, there are grants that are open all year long for applicants to apply. Then, on certain occasions, you may find that the grant is only available upon request and on a certain period of time. Depending on the project venture, each time period varies. 

Ensuring That You Get The Most Out Of A Grant Package

A grant, of course, comes in many different forms as mentioned above. As a result of this, it is crucial for the applicant to understand and study a grant deal before proceeding with the registration process. Now, how can you actually study a grant deal to understand whether it is truly authentic or if you’re getting the most out of the grant package? PanPages Trinity has made an effort to list down one important tip that will help you make that purchase decision. 

First, let's assume there is a general grant up for grabs by a certain party. As an applicant, it is your duty to study the grant’s full package offerings before engaging with the said party. Once you have understood the grant offer, compare the offering with other parties who are also offering this grant and observe if you are receiving the same package offered by the first party. A simpler way to do this would be by tabling a chart for easy comparison. 

If and when you’re satisfied with the comparison, then you may proceed to engage with the party of your choice. However, be mindful that most grant applications do not allow you to reverse your decision after signing on the dotted lines. So, this is a one-off decision that will help you fulfil a long-term goal in terms of finances. 

That’s not all, if you are currently looking for a party to assist you in reviewing your governmental grant packages, please feel free to reach out to us and we will be more than happy to assist you. Also, PanPages Trinity is here to provide you with a FREE digital audit report and digital marketing consultation service. Get connected with us to find out more!

Are you looking for Digital Marketing & Global Trade services? Get 50% Government subsidy and up to RM5,000 grant packages for your business. Click on the links below to find out more about these available grants: 

MDEC SME Digitalisation Matching Grant 

Selangor SME Digitalisation Matching Grant (SIDEC)

MATRADE eTrade 2.0 Grant