How research grant works

Any wise country who would like to sustain its economic growth will always bank on the budding SMEs (small and medium enterprises) to make sure that business and trade of the nation will remain dynamic. In fact, some of the most powerful economies around the world believe that providing funding and financial aids to start up businesses is one of the keys to boost the economy while also promoting greater innovation in different sectors. The World Economic forum for instance listed 3 Asian nations in 2013 who seem to lead the way in terms of providing grants for sme in their respective nations namely Israel, Korea, and Japan. “Whoever said that the future of economic power is in Asia, sure had a good basis for saying so,” said economist William Perry. “It is good for a nation to support its start up businesses because competition prompts business owners to improve their products. And with this, research and development should always be supported,” he further added. In c...

The economical advancement of a country relies on many industries that greatly helps on manufacturing products and providing services to different institutions. That is why a little portion of small to medium enterprises (SMEs) and even research and development (R&D) research and development (R&D) institute today depend on grants or funding that the government or other companies provide, due to the lack of resources to continue the their business and operation of their establishments. Even so, there are still some unwanted factors that limit the advancement of the economy in many countries. Natural disasters - There are countless of disastrous events that took place in the past which have caused many infrastructures and establishments to collapse, causing affected countries a lot of loss when it comes to their physical capital. An earthquake, for example, is an unavoidable calamity that can destroy many buildings and not to mention the lives that it affects. It can al...