May 27th, 2015
Did you know that STEM fields receive three times as much funding as non-STEM fields? Understanding the government’s priorities is fundamental to securing government funding. Funding goes to companies and researchers who make the research councils understand why their work will benefit Canada.
The government’s priorities lay in the sciences, both in business and academic circles.Let’s take a look at academic research. The Natural Sciences and Engineering Research Council (NSERC) receives around one billion dollars annually, adjusted to 2010 dollars to account for inflation. The Canadian Institutes for Health Research received $940 million annually.
By contrast, the Social Sciences and Humanities Research Council receives around $350 million annually. Grant money tends to go toward STEM fields in order to produce graduates who can conduct research into fields with commercial potential.
Take a look at this article from the Globe and Mail to get a visual sense of how the federal government distributes its grant money. Pay particular attention to the graph. The priorities lay with the sciences, but funding has dropped for all three research councils by at least 6%. SSHRC’s funding dropped by 10%.
Government grants have clearly become more difficult to secure in general, which is why we exist. Grants cannot simply target council members who work in a specific niche, nor can they use field-specific jargon with the hope that enough people will understand it. Our writers will help you figure out exactly which grants to pursue, what the government intended those specific grants to facilitate, and how to tailor your application to the members sitting on the appropriate committee.
This falls into a larger plan to drive product-oriented businesses. Canada’s federal government currently prioritizes researchers who can contribute toward the development of commercially viable applications. Agricultural research and development has become a particularly lucrative area, which is why we’ve built a team that can handle grant applications geared specifically for it.
The desire to drive commerce underpins the government’s funding priorities. Understanding the goal behind funding patterns will arm you with the information that you need in order to present your business or research accordingly. We’ll help you find which approaches work best for your purposes.
We’re here to help you throughout the entire process. So, ask us if you don’t know where to start to apply for a grant that doesn’t fall into one of the federal government’s top priorities! Know how to tailor your grant application for businesses, start-ups, agricultural development, and food production operations. Some areas receive much more funding than others, but some funding exists for most applications.
It’s a competitive environment that shrinks with every passing year. Get in touch with us at INAC Services today to figure out how we can help you to bridge your idea with the funding that you need.