August 12, 2020

FAQ regarding Relentless Challenge grant

Frequently Asked Questions

Frequently Asked Questions about the Relentless Challenge grant:

1. What is the Relentless Challenge grant?

The South Carolina Department of Commerce Department of Innovation awards grant funds to projects that focus on fostering the relentless pursuit of transformational ideas specifically in area of entrepreneurship, talent development, and access to capital.

2. If the Beaufort Digital Corridor (BDC) is awarded this grant, what are their objectives?

To facilitate insightful programming around technology product development training for qualified applicants who understand how they will develop their idea, what they need to accomplish that goal, and do so in a timely manner.

3. What kind of ideas are you looking for?

The technology product development idea should be scalable, innovative, and sustainable. To be scalable, the product should create an incrementally wider audience that translates to the marketplace. To be innovative, it needs to be transformational and not already in existence. To be sustainable, once the idea is developed into a product, it should be able to support itself.

4. How will the BDC choose the entrepreneurs that will work with in this project?

Entrepreneurs will be selected based upon product concepts that have the best commercial potential in order to get the concepts closer to product realization. The BDC will work with USCB to identify those with quantifiable product ideas that could go to market.

5. If my product is chosen, what will the programming and training look like?

Training will be delivered through in-depth multi-hour sessions and experiential learning through video conferencing or safe social distancing. A specific methodology for developing software technology products that solve a quantifiable need in the marketplace will be engaged. Area industry experts will contribute to training on relevant commercial concepts.

6. What do I need to do to apply?

Fill out the Technology Product Development Training application located on the BDC website at Application for RC grant project. Please return to the BDC by August 25, 2020 for immediate consideration.

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