An entrepreneur from the Borders region has launched an AI platform designed to tackle declining success rates in grant applications. The increase in application volumes, driven by the widespread use of generative AI tools, has contributed to a drop in the quality of submissions.
The platform seeks to support applicants by enhancing the clarity and effectiveness of their proposals, addressing challenges faced by both applicants and grant providers in managing the growing number of submissions.
**Why this matters**
As generative AI becomes more accessible, more individuals and organizations are submitting grant applications, leading to increased competition and lower approval rates. Improving application quality can help ensure that funding is awarded to the most promising projects, benefiting both applicants and funding bodies.
Source: NewsData