Startup Funding Espresso – Applying for a Grant

Applying for a Grant

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In applying for a grant consider these factors:

Set aside time for writing the grant application.

It takes over 300 hours to properly write an SBIR grant.

Make sure you are giving it the time and attention it requires.

Understand the grant review process.

Each granting organization has its own criteria and will judge grants accordingly.

Consider a grant writer.

Most grants writers can advise and propose but ultimately, the content for the grant comes from the researcher.

Understand the grant contract.

Grants come with specific criteria for the use of funds.

Make sure you understand the expectations of the granting organization.

Understand grant matching requirements.

Many grants require matching funds to be raised.

It’s important to understand the rules around the matching process.

How much matching funding is required?

Will in-kind labor substitute for cash?

If so, then document the time spent on the project. 

Consider these points when applying for a grant.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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