GRAND RAPIDS, Mich. (5/16/14)--Applications are now being accepted for the CU*Answers' Innovators and Grant Program.
The program, which was launched by the Grand Rapids, Mich.-based credit union service organization in 2011, seeks to foster creative ideas in the credit union market space.
One of the major changes in 2014 is a wider field of eligibility that includes credit unions, both organizationally and their employees, and CU*Answers and cuasterisk.com partner employees.
Potential applicants are encouraged to apply if they have innovative ideas they would like to develop themselves or develop with the assistance of CU*Answers, or if they have a business startup idea for the cuasterisk.com network.
Applications will be sent to a review board who will make recommendations to the CU*Answers executive council. All applicants will be notified within 30 days of the submission of their completed application if their idea qualifies to move on to the next round.
Applicants that pass the first round will present their ideas to the council in person or via teleconference.
The amounts awarded are on a per application basis and may range from $1,000 to $10,000.
Applications are accepted anytime, but applicants are asked to consider that the budget cycle at CU*Answers is set in July. The budget may affect the timing of any funding, if approved.