Non-Dilutive: Grants do not require you to give up ownership equity. Access to Resources: Funding can provide access to valuable resources and networks. Validation: Receiving grants or funding can validate your business idea and attract additional investors.
Cons:
Competition: The process is highly competitive, and not all applicants will receive funding. Time-Consuming: Preparing applications and proposals can be time-consuming. Conditions: Some grants and funding sources come with specific conditions and requirements that must be met.