It’s not always easy bringing innovations into the light of day, and so the governmental departments or the Ministry of Economic Development supply enterprises with help. Having access to such funding could cover expenses such as research and development, markets, workers’ salaries, equipment and productivity improvement.
Technically a subsidy is a sum of money that has been conditionally approved by your enterprise and which doesn’t need to be reimbursed. Otherwise, once one obtains money from the government resources it is not rare to receive further funding from the same source, if the conditions of the program have been met.
Obtaining such subsidies might be difficult with a big and strong competition. Furthermore, majority of the subsidies request a division of financial commitment: for example, a research grant could cover only up to 60% of the total initiative costs.