The short application consists of three elements:
(i) 5 page application
(ii) 10 page pitch deck
(iii) 3 minute video
RedKnight can offer bid-development and writing support with the 5 page application and 10 page pitch deck. You will need to provide the 3 minute video. RedKnight can also arrange the submission of the short application.
We will arrange a NDA so you are able to share with us all of the relevant documentation to understand your technology (e.g. business plan, pitch deck, marketing brochure, business model canvas etc.).
We will take some time (around 1 week) to digest this information and do some of our own research.
Following this, we try to follow a 3 cycle approach:
Step 1 - We arrange a project scoping session to go through the application template and plug any gaps which exist between the information you have provided and what the application asks. We then aim to prepare a first draft within 2 weeks of this meeting. We then send this to you for review.
Step 2 - We arrange a 2nd meeting to go through your feedback and agree on what amendments are required. We then aim to prepare this "optimised version" within 2 weeks of the 2nd meeting.
Step 3 - We send you the "semi-final" version for final review. By this point the application should be looking almost finished, with some final minor tweaks and formatting to take place. Following your sign off, we then look to prepare the submission via the Participant Portal.
Depending on the amount of information you have and the level of research we need to perform ourselves, the standard timeframe from start to finish is between 4 and 6 weeks.
RedKnight operates a mixed model costing structure whereby there is a fixed fee for the bid-writing, development and submission, and a success fee if the grant is secured.
For the short application, our fixed fee for the bid-writing, development and submission is £3,600 (+ VAT where applicable). We estimate the short application and pitch deck will take 10 days to complete, hence how the daily rate has been calculated (£360) and subsequently converted into US dollars ($500). As there is no funding associated with the short application stage, there is no success fee.