An Innovation Grant is a type of funding provided to support new ideas, projects, or research that aim to create significant advancements in various fields. These grants are often awarded by government agencies, private foundations, or corporations to individuals, startups, or organizations that demonstrate potential for impactful innovation. The primary goal of an Innovation Grant is to encourage creativity and problem-solving by providing financial resources to bring innovative concepts to life. Recipients may use the funds for research, development, or implementation of their projects, ultimately contributing to progress in areas such as technology, healthcare, and education.