Could your company in the Life Sciences health sector do with additional cash sources to develop innovative products and services? Do you consider applying for a regional, national, or European grant of up to several million euros? Then be aware that a strong impact section of your project proposal is essential to receive the grant.
During the writing process of industrial grant proposals, companies rightly focus their attention to the work programme to make sure that the project is innovative and meets all call objectives. On the contrary, call criteria for the impact section are often overlooked until close before the deadline. This often results in major last-minute adjustments to the project and suboptimal applications that are less likely to be funded. Sometimes, a successful submission of the grant application is not feasible for this reason, and the project is put on hold.
But why is the impact section of grant proposals so important? This is because funding organisations provide grants to achieve a specific impact on the health sector and the society at large. Therefore, they look very carefully if your project has the potential to contribute to their objectives. During evaluation, the impact section is often weighted more heavily than the scientific part of your project proposal. Consequently, an excellent scientific project with a poor impact section has little chances to be funded.