Entrepreneurship does not depend solely on private investment. Public funding is a key route to growth for any start-up, particularly for those developing innovative projects with high potential.
However, accessing this type of support requires knowing where to find the relevant calls for applications and what the funding bodies’ requirements are.
With this aim in mind, participants in the 7th edition of Business Factory Aero (BFAero) explored these issues in depth during the first part of the programme’s final in-person session, held on 26 February.
Key points for accessing public funds
The session was led by Iliyana Zongova, an expert in European funds and projects at NTT DATA, who provided project leaders with a practical insight into how public funding works.
During the event, entrepreneurs were able to learn more about:
- The types of initiatives that typically receive support through public funds.
- Who is eligible to apply for this type of funding.
- Where to find information on funding opportunities.
- How to prepare suitable proposals to apply for this funding.
The session enabled participants to better understand how to structure their projects and access new funding channels that can help accelerate their development.
The role of institutional support in business development
Sessions such as this highlight the importance of institutional support in driving and revitalising the business sector, particularly in strategic sectors such as the aeronautical and aerospace industries.
Through training initiatives such as this, BFAero continues to support the start-ups in its ecosystem by helping them build their capabilities and identify opportunities to drive their growth.