The growing
industries today are unstoppable. Many business enterprises want to have a high
profit and they will do everything they can. Doing business today is can be in
your hands right away. Small time business entrepreneurs to big time business
entrepreneurs are everywhere. From all over the world each government is doing
something to protect this kind of business. In return it gives back to its
country by way of economic growth. It is a reciprocal obligation from the
government to the business being protected and facilitated.
Any kind of
business will take risks and do anything to achieve success. There are companies
who grant funding to any kind of business. There is a research and development
grant or R&D grant which helps finance a novice business enterprise. R&D
grants are funded by a company who will help in the
development of a project. This kind of grant may be given to small time or big
time enterprises. There are certain requirements to be met in order to be given
this grant. These grants will help in
the development and improvement of a project. R&D grants are monitored by
the government in order not to abuse it. Some companies who give R&D will
require something to be submitted in order to see if it is a qualified
applicant.
The
research and development fund may be done in partnership with another country.
As for instance a company country A can create partnership with a company in
country B. This way it will help various enterprises. Like other countries, Israel
has employed rules and regulation in
the scientific and technological research grant to fund projects. Therein, the fund has helped in the
development of the research and development programs and helps them achieve
their goals. The funding has encouraged the research programs to maintain a
high standard of excellence and create new projects.
The
respective government of each country come up with laws, policies, rules and
regulations to protect the business enterprise in their country. Small or big
enterprise need to be protected from unwanted devious schemes. Thus the
government in every country helps those who cannot afford to go big time with
their business. There are different
systems being granted by a government of a country. The government grant for SME or small medium enterprise helps them
to have a starter.
This way it can give them something to start of their
business. Many are the kinds of grants that they can choose from. The giving of
grants will help the small medium enterprise to rise on and encourage
creativity. Not only can the SME benefit but as well as the large local
enterprises. The government grants are impartial as they weigh the respective
needs of every enterprise and it depends on the capabilities of the grantee.
With the
help of research and development fund and government grants there is good that
can come out from it. Helping one is like helping yourself. Thus with the help
of these funds and grants it results from a more competitive and developed
economy.
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