What percentage of applicants successfully obtains a Grant?
About 80% of grant applications are rejected, usually because the applicant failed to submit a business plan proposal, and not because the business idea lacked fundamentals. Review your proposal carefully and seek the advice of mentors and professionals to improve or review your proposal. Remember, a significant part of your business success will depend on your ability to meet deadlines and overcome challenges.
Almost 90% of applicants that submit a well-prepared business plan on time, demonstrate matching funds and meet eligibility requirements receive some form of cash award or in-kind funding. In fact, about 80% of grant applications are rejected because the applicant failed to submit a business plan.