Search for funding opportunities
Identify your sources of funding and build a solid funding application
For more than 30 years, our specialized team has been supporting companies in their search for funding by identifying possible sources of funding for their innovative projects, and by formalizing their requests for funding from private and public financiers.
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The challenges of search for funding opportunities
Securing funding is a key step in the life of a project, especially in its early years. Numerous funding opportunities exist, especially for projects with strong technological and prospective components. However, embarking on a funding quest requires the consideration of several challenges:
It can be particularly difficult to find the right funding source among the multitude of public and private calls for projects, especially considering their diversity and versatility. In order to get started, it is therefore essential to consider the maturity of the project (clinical research, translational research, innovation, development, etc.), its topic and its geographical scope (local, regional, national, or international) as search criteria. Finally, it is also important to precisely define one’s needs (e.g., loan, financing for all or part of the project, support, equity participation, etc.) to target the most suitable assistance.
What are the most suitable funding opportunities for my project at the national level? What foundations, both national and international, are offering funding in my field? What about within Europe?
Each call for projects, as well as each funding source is unique, with clear requirements and specifications associated. However, a good knowledge of public policies, investment programs, and public and private actors in this ecosystem is necessary to grasp the specific challenges of each call for projects, thus maximizing chances of funding. Such knowledge is generally acquired through experience with various calls for projects and communications with key stakeholders responsible for funding sources.
What are the current trends in innovation funding? Is my project eligible for such a call for projects? Does the timeline outlined in the call for projects align with my schedule?
Many calls for projects, especially in the case of large-scale projects, require applications to be backed by a solid consortium of public-private actors. The federation and management of multiple actors therefore represents a challenge towards the goal of reaching partnership agreements. Such agreements should encompass organizational dimensions, intellectual property sharing, valorization, and exploitation of research and development results of innovations.
Which partners should be selected for my project? What are the most suitable governance rules for my project? Which rules should be established for the sharing of intellectual property
Writing funding applications is a complex exercise as it requires the mobilization of many different skills: scientific excellence to describe the scientific project (while being concise), project management skills to establish the plan of action (work-packages, milestones, and deliverables), rigor in financial arrangements, ability to establish projections towards the definition of economic models and evaluation of the medical-economic impact, as well as capacity to coordinate and construct the governance model. The complexity of such exercise is increased by tight deadlines, requiring sprint efforts.
Who will be responsible for writing the funding application? What expertise will be needed? How will a critical review of my work be conducted?
Our tailor-made support enables us to optimize the financing of our clients’ projects by identifying partners and channels likely to support them (banks, public aid, private funds, crowdfunding, etc.). Our global approach to finding funding starts with the identification of needs, allowing the construction of the business plan necessary to formalize the financial file.
We then support our clients in the follow-up and management of their project financing.
Finally, we go as far as integrating an open innovation approach associating external partners in order to solidify our clients’ projects in their search for funding.