Especially if you’re applying for a grant on behalf of a non-profit organization or an academic institution, you have good chances of qualifying for the grant. The key to getting approved is to write a good grant proposal because the grant provider needs to be assured that the fund will be put to good use.
Below are the steps you need to do to create a winning proposal that will get the government’s nod:
1. Look for a government program that provides grants.
Search the different government funding bodies in your area and reach out to the one that is aligned with your business goals and your industry.
2. Check the grant program data.
Read the program’s description carefully to know your eligibility for it. Take note of important details such as the required documents to submit and contact details of the government grant provider.
3. Write a clear mission statement.
Include the key objectives of your company in your mission statement for the grant proposal. Specify your targets in the next few years, your target market, how you plan to run the business—all supported by solid data.
4. Create a strategy section.
How do you plan to grow your business? Provide your timeline for it and your plans of action for any challenges you foresee. If you have conducted market research on your competitors, it will be great to add that to your proposal also.
5. Explain your plan on using the money from the grant.
Give a detailed breakdown of how the fund will be spent, including employee salaries, advertising, marketing, administrative expenses, overhead costs, etc.
6. Prove you’re eligible for the grant.
Make your application stand out by discussing in the eligibility proof section why you’re the perfect candidate for the grant.
7. Write an abstract.
A clear, concise, and well-written introduction should tell the grant evaluator what your business essentially is.
8. Format and proofread your proposal.
This final step will help you ensure that there are no errors and that the proposal looks professional.
Follow these eight steps, and you’ll convey the message to the grant reviewer that your business is well-thought-out.