Grants
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Grant was born against the background of the culture of OSS (Open Source). It can be said that it is a fundraising method that was born in the context of how to monetize and scale OSS projects. How to proceed with Grant
Grant is basically a public offering system. After applying through a form, document screening is conducted, and if passed, a web interview is conducted with the fund provider, which is the usual scheme.
When using Grant for fundraising, it is generally common to set milestones between the fund provider and the recipient. Based on these milestones, a certain amount of funds will be paid. The fund provider usually sets milestones such as "developing a product using their own service".
Background of the popularity of Grants
Time-consuming until the funds are received
Effort required for notification to authorities, etc.
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Advantages of Grants
No regulations
Low explanation cost
No administrative work
Promotion
Disadvantages of Grants
High possibility of being a small amount.