Abstract

Grant funding is an important source of early stage funding for many technology firms, particularly since it is non-dilutive. Typically grant funding follows a similar process as early stage private equity funding, where an application document is scored by a panel of experts. A key area of interest to those seeking funding is to understand the components that make their application standout in order to receive higher scores from reviewers. A few recent studies of the private equity process have indicated that business plan wording can influence funding behaviors. Yet there has been little or no empirical research on grant application content.

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