In recent years, we have had the opportunity to implement dozens of projects. Many of them were implemented with the help of external investors, won tenders, competitions and funds from the European Union. It was these investments that helped us expand our business and put us higher in the ranking of the best suppliers of virtual reality technologies and software. Finance is the quiet hero of any entrepreneur. This is an organization that believes in realizing your company’s vision. Without them, many projects will never see the light of day. How do we work with investment funds? What are they like? How do I present my project correctly?

Implementation of R & D projects

Research projects are characterized primarily by their complexity. The implementation of these projects is ultimately a response to sudden changes in the environment (for example, the emergence of new opportunities for collaboration, important discoveries, or overcoming existing research barriers). A feature of R & D projects is also the high degree of innovation of these investments. The results of research and development often end up being commercialized or their effects are transferred to the economy in other ways.

Innovations that arise in this way are the result of research and development activities. Their implementation not only has a very good impact on the position of the project executor, but also creates space for further investment in the state. R & D projects should lead to increased competitiveness and long-term economic growth. However, one should take into account the fact that the implementation of R & D projects is also associated with “uncertainty”. However, the work done is never in vain. The experience of project implementation is re-analyzed, which can become the basis for conducting future projects. Research projects also have a high risk of failure. After the research conducted, it may turn out that the process of solving the research problem was incorrectly evaluated, the implementation process may contain false paths that significantly extend the work during the entire project, during the completion process it may turn out that the achieved solution may be unattainable in the current state of science and knowledge, etc. Therefore, there are many uncertainties associated with the implementation of such a project. However, large investments have just as much risk. The funds received can become the company’s ticket to further growth, but they do not guarantee this in themselves. That is why it is so important to carefully analyze the project and accurately draw up a plan related to its implementation.

Znaczenie NCBR

The National Research and Development Center is a Polish executive agency that aims to create a world of innovation and build a modern present and future.

It has been supporting entrepreneurs in its activities since 2009, regularly holding competitions and strategic research and development programs related to the financing of projects within the funds allocated from the European Union and public funds.

An example of such a competition is the ‘fast way’, the purpose of which is to develop an innovative solution implemented in economic activity. However, in addition to standard contests and programs, NCBR also frequently comes out with many other initiatives for entrepreneurs. Such an example is ‘Bridge Alpha”‘

‘It consists in creating a team of venture funds that, using private and public funds, invest in innovative projects at the seed stage. Thanks to the use of world-class experts, the funds are able not only to provide capital to creators, but also to advise, relying on many years of experience in the biotech, fintech and much more industries.”

Thus, there are many opportunities to find additional funds for the implementation of your project. We have been taking advantage of the opportunities offered by investment support programs for many years, because there are really a lot of them. From the entire range of programs offered, of course, everyone will be able to find one that will fit into the implementation of the planned project. Therefore, it is good to regularly review the sites of support for entrepreneurs and look for new opportunities related to the development of the enterprise. On the NCBR website, you can find investment programs, find suitable partners to implement your idea, and use the available platform guides. You can also use filters that narrow down the criteria for the grant you are looking for to make it easier for you to find the program that is right for you. There are really a lot of filter options: type of applicant, source of funding, status of the procedure, subject area, program type, or sorting. So it’s a very intuitive way to find everything you need and make the right query.

Experience and support

At EpicVR, we try to make regular use of the opportunities offered by our investment programs. After all, they are designed specifically for entrepreneurs. However, despite the high level of interest in them, many entrepreneurs still can’t describe their vision well in the app. Therefore, many of them are doomed to failure at the start. An accurate and skillful project description is crucial. We have repeatedly won contests and successfully participated in investment programs. Therefore, we have a lot of experience in creating m.in description for research projects in the field of VR. Their contributions have positively contributed to the development of our company, enabling us to realize ambitious, far-sighted visions and goals. In our case, a high level of competence in creating m.in correct descriptions of applications have contributed to winning many contests and investment programs.

Here is a list of won contests and funded businesses that supported EpicVR:

• Intermediary Institution National Research and Development Center
• Smart Development Operational Program 2014-2020
• Priority axis support for R & D by enterprises
• Activities and R & D projects of enterprises
• Divisions, industrial research and development performed by enterprises
• Development of tools for implementing reliable and realistic interactions in a virtual environment using multisensory methods ‘ within the framework of the Bridge Alpha program
• Contest 1/1. 1. 1/2021-Fast track ‘innovative training tool to facilitate the development of multi-user mode in VR applications’

Resume

There are many investment funds, grant programs, competitions, and initiatives related to obtaining support for entrepreneurs. However, the problem still lies in the ability to use them to get a positive verification of a given request.

The huge number of people interested in this also does not help. Awareness of the need to write a winning application forces competitors to make every effort to ensure that their project is subsidized, and there can only be one winner. This is also why it is so important to present the project’s implementation-related content skilfully, because it is of great importance when choosing the project that will ultimately receive this funding. The bid of such an offer can be a powerful cash injection, which is likely to revolutionize your business and open up opportunities for further growth of your company and attract the attention of potential investors. So there is something to fight for.

A well-planned project is one thing, an analysis of investment and market risks is another. However, one still forgets how to present this product in an app, which is the key to achieving the dream goal of getting the funds to implement it. Appropriate experience may be necessary in this case. Therefore, as EpicVR, we can help you describe a VR project.

Therefore, please contact us today using the Contacts tab on our website. See you!