What are the Challenges in Securing Commercialization Grants?
Despite the availability of grants, securing one can be challenging due to:
High Competition – Many promising projects vie for limited funding. Complex Application Processes – The detailed requirements and rigorous review processes can be daunting. Matching Funds – Some grants require recipients to have matching funds, which can be a barrier for startups. Post-Award Obligations – Grant recipients must often meet stringent reporting and milestone requirements.
