Friday, November 22, 2013

Write a Grant to Get the Funds you want

You have decided that you want someone to assist you in funding your company. To start with, it might seem like a simple idea, but as you continue with your quest of finding funders and understanding the requirements of writing a proposal for a grant, you will realize that the idea is not simple at all due to the exceedingly tough and complex competition that is going on.  Also, you are not the only one who needs a grant. Here are the steps to writing a grant proposal:

1.            Clarify your needs
Make sure that you include all that you need on your list. This is the best way to determine precisely how much you need to apply for. Remember that this is a vital segment of the process since it will be the possible funder’s basis in evaluating how you will manage your funds. The best thing to do is to become as thrifty as you can. Learn to allot priority to the greatest needs of the organization.

2.            Look for matching prospects
Pursue as many potential funders as you can and verify their guidelines. You need to customize your applications for grants that you will write if you really want to get the results. If you think that your organization and the feasible funder are a great match, you should have all the means to prove for the funding. If the amount doesn’t match, learn how to break down your needs in case it does not match up with the fund that you applied for.

3.            Gather your evidence and statistics
Your grant application will be more credible if you present the right facts and figures. Writing a grant proposal without this information is a waste of time. Funders are very meticulous about the organizations they are going to finance not only in words but in numbers as well. Providing the accurate information will absolutely help you get the funds that you need.

4.            Write your proposal professionally
The writing of a proposal should consist of 50% writing and 50% scientific research. If you are definite that you have all the data that you need to satisfy your potential funders and you are following the guidelines that they have set, then the possibility of getting the funds that you need is very high.

5.            Follow up

Finally, you can show your excitement by asking them for the next step. If your grant has been accepted to the next step, be alert for any extra instructions and make sure that you forward all the needed documents on time.

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