Blog - September 6, 2022

How To Get A Grant For Your Small Business

Also known as a proposal summary, an executive summary is essentially a brief synopsis of the entire proposal. It introduces your business, market segment, proposal, project goals — essentially, your grant request. They’ve likely received tens or even hundreds of grant applications and your letter should separate you from the crowd as much as possible. Be sure to have a strong understanding of your project including desired outcomes, estimated timelines, and other funding sources before you start writing.

Whether we’re talking about government agencies or private foundations, they all need to know if the program they invested in made a difference. List the new hires and skills, additional facilities, transport, and support services you need to deliver the project and achieve the defined measures for success. This section is key to providing information on the benefits that the grantee, community, government, or client will see for their investment. To meet this need, [your organization] proposes a [your program] that would, for the first time, address the problem of [problem]. One of the most important parts of the grant proposal structure is the problem statement.

What Makes a Bad Proposal?

However, you can find the agency’s archived funding opportunities on its website as well. Reviewing the archived listings can give you a better idea of what the NSF has funded in the past, what they may fund in the future, and whether or not any of it applies to your R&D. If the review process goes well, you may be asked to provide additional information. The way this request is handled can vary from department to department. For example, the NIH uses the Just-in-Time (JIT) process, located in its eRA Commons.

It’s important to neither overquote nor underquote yourself, because while you might secure the grant by underquoting, you may not walk away with enough funding for your project. After that section, you will need to write about your budget. It’s critical that you provide a detailed project budget that outlines how you will use the funding and what your operational costs will be. This will also serve to explain your expenses and justify the amount of money you’re seeking. Say what you need without using too much fluff, being as direct as possible without missing the important parts. And make sure to connect your project and goals with the funding agency’s own.

Project Description

If you can make a connection between their mission, funds, and your proposed project, you will have a better chance of getting approval. Then, when you’re ready to write, create a fresh document for your actual grant proposal and start pulling from your notes as needed. how to write a grant for a small business Tie your goals into the overall organizational goals of the granting institution, and it’s even better. Read through the instructions and requirements multiple times. Then, research the organization to know their goals and what they’re looking for in the applications.