The Peruvian state promotes social, innovation and research projects through competitive funds organized by different sponsoring entities such as the Ministry of Tourism, innovate, Municipality of Lima, concytech, among others.

Although, the funds differ by institution that organizes them, the following recommendations will help you:

1. Validate that your application is aligned with the contest: For example, if you have an idea that seeks to enhance the operational capacity of your shoe factory, do not apply to a fund whose objective is to reactivate tourism. Forcing an idea to fit the background is not ideal. It is best to find a different background. To do this, you can support yourself by reviewing the page of the entity (such as a ministry) most related to your sector, where you can find the fund that best suits your idea.
2. Verify that you meet the mandatory requirements: It is one of the first steps that you should review to avoid spending time on an application that will not be able to pass the initial filter. For the most part, the funds have bases, which include a checklist of documents or mandatory requirements. For example, if the fund indicates that your company must invoice more than five thousand soles per month and your company does not achieve this, it will not meet the minimum and mandatory requirements.
3. All the information is in the bases and annexes: A common theme in the funds is that they have bases, which are documents with many pages, but do not be overwhelmed. Inside you will find a lot of information as a detailed guide to make your application. In the annexes you will usually find the files to attach to your application, details of the eligible expenses and a deeper explanation that will clear up many of your doubts.
4. Attend the talks where the fund is explained: The organizers of competitive funds usually facilitate more than one talk to explain what is indicated in the contest rules with presentations to the general public where they resolve doubts that may arise It is important to attend to be able to present your doubts or listen to answers to questions shared with other attendees.
5. Consult your doubts with the organizer of the contest (sponsoring entity): On the website, in the bases and during the talks, they indicate the contact emails for doubts. Sometimes, a doubt form must be made, a format provided by the organizer of the contest. Either with or without format, do not hesitate to send your queries so that you can apply with peace of mind.
6. Pay attention to the schedule: These usually change and they notify you on their website and social networks. But yes, the date and time that the contest closes is strictly respected, so your application ends one day before the end date to avoid setbacks such as the failure of the application system.
7. Review the selection criteria: The criteria for the different stages of the contest for the election of winners are included in the bases or annexes. The juries are guided by these criteria for the approval or disapproval of the applications.
8. Read the "small letters": The bases and annexes have page references. Being clear about the bases, including the "fine print" is essential to understand each section of the application and complete it correctly.
9. Prepare the application in the system that provides you with the fund: Sometimes the systems are not intuitive and we want to complete it in our Word or by hand. However, many of the funds have validations in their systems that notify you of character limits, incomplete sections and validate if your budget does not meet the specifications of the bases. Also, many have information balloons that are very helpful for correctly filling out the form.
10. Apply!: If when reading the first two recommendations you noticed that your application is aligned with the contest and you meet the mandatory requirements. Experiment, only by postulating can you generate learning.