Some of the prospects who approach us for consultation on their funding application are applying for funding for the first time. If that sounds like you, then this article (which specifically focuses on how we can help you improve your chances of successfully applying for dtic funding) is a better place to start.
On the other hand, if you’ve already applied for business funding in the past but were met with rejection or non-response, then this is the article for you.
There are plenty of reasons why a funding application is not yielding the results that you’re hoping for. The good news is that it does not necessarily reflect that your business is totally ineligible for funding. However, it may indicate that your application is incomplete, missing important information, or is not structured in such a way that speaks directly to the funder’s priorities.
So, how can you tell which factor is impeding your successful funding application? That’s where Uzenzele Holdings comes in. As expert capital-raising consultants with 70+ years of combined experience in this field, we are in the ideal position to advise you on how to structure a submission that creates the optimal conditions for a successful funding application.
Common reasons why funding applications are unsuccessful
The smallest error can result in a rejected application, so taking care to amend any of these common errors is the first step toward a watertight submission:
- Incomplete funding application forms
- Failure to meet the stipulated eligibility criteria
- Missing vital information
- Failure to provide additional information upon request
- Missed deadlines
At first glance, these oversights look like they could be easily remedied with better planning and preparation. In some cases, that’s true. However, the reason these oversights result in unsuccessful applications often has to do with unforeseeable and unknowable requirements – unless you are working closely with a seasoned capital-raising consultant who can equip you with unique insight.
Even if an unsuccessful application comes down to an easily avoidable mistake like a missed deadline, that does not mean that your case would not benefit from a guide. Even the most straightforward funding application requires the full attention, care, and energy of a dedicated team of experts. In addition to the day-to-day demands of running a growing business, preparing a funding proposal becomes a very tall order. And, before you know it, that deadline has passed yet again.