How to programmatically set cell value in DataGridView?

Question

I have a DataGridView. Some of the cells receive their data from a serial port: I want to shove the data into the cell, and have it update the underlying bound object.

Answer 1

The following works. I may be mistaken but adding a String value doesn't seem compatible to a DataGridView cell (I hadn't experimented or tried any hacks though).

DataGridViewName.Rows[0].Cells[0].Value = 1;