Government Grants
Non-repayable funding from government for specified purposes: research, training, regional development, environmental in...
Real World
Dyson received government grants through UK Research and Innovation (UKRI) to fund early-stage robotics and battery technology research, reducing R&D costs without giving up equity.
Exam Focus
Always note grants are non-repayable — this is a key advantage; also mention competitive application and conditions as limitations.
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