Funding from an organization and delay regarding that matter

In summary: I have not gotten my grant from a university. I got it from a Switzerland based organization.Do you know if it's the same organization as nigerianprincess.ch?No.In summary, the organization claimed to provide research and development funding, but they have not transferred the promised US$ 2500. Additionally, they have warned the individual that the funding process may take longer than expected due to the European holiday season.
  • #1
T C
320
8
I am continuing a personal research about a new kind of wind power generation system by my own and have got partial success. I have found a Switzerland based organization that claimed to assist research and development by individuals like me by funding them. I have contacted them and last May, they promised me to give me a small amount of fund of US$ 2500. They promised to pay it by mid June, but I haven't got it till this date. Recently I have got an e-mail from them where they say that it's holiday time all of Europe and almost all bank officials of the banks through which they operate are on holidays' It will take two weeks more to complete the process as the funds can only be transferred after the bank officials joined their work.
The whole statement looks fudgy to me. I personally don't know whether there is any kind of holiday season in Europe by now and for which most of bank officials will go for holidays and all the transactions in banks are stopped. Just sharing my experience with other to confirm whether what they are saying is true or what I am suspecting is right. Though I am now highly sanguine that my doubt is correct.
 
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  • #2
August is the traditional vacation month for most of Europe.
 
  • #3
T C said:
I have contacted them and last May, they promised me to give me a small amount of fund of US$ 2500. They promised to pay it by mid June, but I haven't got it till this date.
It sure sounds like a scam. They will likely be asking you for some money or your bank account details at some point...
 
  • #4
berkeman said:
It sure sounds like a scam. They will likely be asking you for some money or your bank account details at some point...
They have their own website and they haven't asked for bank account details yet. I don't want to disclose the name of the organization for the time being, but can tell you personally.
 
  • #5
Europe has only three holidays - January, May and August.

I agree - it sounds scammy. Having a website does not preclude scamminess. Is it nigerianprincess.org?
 
  • #6
Vanadium 50 said:
Is it nigerianprincess.org?
No. It's a Switzerland based organization. If you wish, I can tell you the name personally as I don't want to disclose the name publicly for now.
 
  • #7
Was there an application fee?
 
  • #8
T C said:
It's a Switzerland based
Sorry. nigerianprincess.ch :wink:
 
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  • #9
russ_watters said:
Was there an application fee?
No.
 
  • #10
Banks don't shut down for transactions, except for a long weekend, perhaps. Loan officers may be gone, but the banks still have to work. It's not like the european transactional economy stops in august. Blaming the bank sounds like BS to me.
 
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  • #11
T C said:
No.
That's good. Whatever you do, do not pay them.

....also, do not give them a sneak peak at your IP.
 
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  • #12
DaveE said:
Banks don't shut down for transactions, except for a long weekend, perhaps. Loan officers may be gone, but the banks still have to work. It's not like the european transactional economy stops in august. Blaming the bank sounds like BS to me.
What they are saying that due to such holidays, funds aren't arriving at their accounts from the funders. They actually aren't blaming the banks actually.
 
  • #13
Do not disregard the warnings, but I have had funding not arrive until the 3rd quarter along with complaints about my burn rate.
 
  • #14
Frabjous said:
Do not disregard the warnings, but I have had funding not arrive until the 3rd quarter along with complaints about my burn rate.
From where you have got your funding? Is it from government or from a non-government organization?
 
  • #15
T C said:
From where you have got your funding? Is it from government or from a non-government organization?
This was referring to government funding.

I expect that you will get your funding.
 
  • #16
Frabjous said:
I expect that you will get your funding
Thanks! Whatsoever, on what subject you have got your grant?
 
  • #17
T C said:
Thanks! Whatsoever, on what subject you have got your grant?
Behavior of materials.
 
  • #18
Have you got your grant from any university?
 
  • #19
T C said:
Have you got your grant from any university?
Yes. They can also be slow if the university is getting the money from an external source.
 
  • #20
The program people and the money people are frequently separate which means that you are being told what the program people are being told by the money people, i.e., not the complete story.
 
  • #21
They told me that I will get the grant by mid June. And, recently I have got an e-mail from them that it will take two weeks more due to holiday season. Here in the group. it's now clear that August is holiday season. Kindly tell me whether funding is delayed for you too?
 

FAQ: Funding from an organization and delay regarding that matter

What are the common reasons for delays in funding from an organization?

Delays in funding can occur due to several reasons, including bureaucratic red tape, incomplete or incorrect application submissions, internal review processes, budget reallocations, and unforeseen administrative issues. It is essential to maintain open communication with the funding organization to understand the specific cause of the delay.

How can I expedite the funding process from an organization?

To expedite the funding process, ensure that all required documents are submitted accurately and promptly. Follow up regularly with the funding organization to check the status of your application. Building a good relationship with key contacts within the organization and providing any additional information they may need quickly can also help speed up the process.

What should I do if my funding is delayed?

If your funding is delayed, the first step is to contact the organization for an update and to understand the reason for the delay. You can then assess if any additional information or action is required from your end. In the meantime, consider alternative funding sources or temporary financial arrangements to bridge the gap until the funds are released.

Can I request an extension on project deadlines due to funding delays?

Yes, if funding delays impact your project timelines, you can request an extension on the deadlines. Communicate the situation clearly to the relevant stakeholders and provide evidence of the delay. Most organizations understand that funding issues can arise and are often willing to accommodate reasonable extension requests.

How do I ensure compliance with the funding organization's requirements to avoid delays?

To ensure compliance with the funding organization's requirements, thoroughly review all guidelines and instructions provided. Prepare and organize all necessary documentation in advance, and double-check for completeness and accuracy before submission. Regularly communicate with the organization to clarify any doubts or questions regarding the application process. Staying proactive and attentive to detail can significantly reduce the chances of delays.

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