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What do you do if you're an executive trying to secure funding for grant projects?

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Securing funding for grant projects is a critical task for executives. It requires a strategic approach, a deep understanding of the funding landscape, and the ability to compellingly present your project's value. You must navigate the complex world of grant administration, which involves identifying potential funding sources, understanding their requirements, and crafting detailed proposals. It's a competitive field, but with the right knowledge and skills, you can increase your chances of success. This article will guide you through the essential steps to take when seeking funding for your grant projects.

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Dr. Manish Deshmukh

Acadamic & Research Administrator, Ex. Dean Allied Health Sciences/Researcher/University Administrator/Academician
John Zakian, CEcD

Federal Grant and Long Term Disaster Recovery Subject Matter Expert Focused on Economic, Housing and Infrastructure…
Dee Butler

Head of Growth | Optimist | Visionary | Talks Grants Management | Leading Submit's partnerships, communications and…

1 Know Your Project

Before you begin the search for funding, ensure you have a comprehensive understanding of your grant project. This means having clear objectives, expected outcomes, and a detailed project plan. You need to articulate how your project aligns with the potential funder's goals and priorities. Knowing your project inside and out not only helps in identifying the most suitable funding sources but also instills confidence in funders that their investment will be well-utilized.

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Dr. Manish Deshmukh

Acadamic & Research Administrator, Ex. Dean Allied Health Sciences/Researcher/University Administrator/Academician
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In India thalassemia is a major rare disease. The country has the largest number of children with Thalassemia approximately 1 to 1.5 lakhs and almost 42 million carriers of ? (beta) thalassemia trait. About 10,000 -15,000 babies with thalassemia are born in the country every year, and this is an alarming situation despite various measures taken by the Government to control thalassemia. The objective of the project is 1. To create awareness among the population about Thalassemia among the communities having a high prevalence 2. Accurate diagnosis of thalassemia is of prime importance hence, diagnosis camping to be undertaken 3. Genetic counseling and prenatal diagnosis to be conducted in the communities having a high prevalence 2.

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John Zakian, CEcD

Federal Grant and Long Term Disaster Recovery Subject Matter Expert Focused on Economic, Housing and Infrastructure Strategic planning and Development
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Pursuing a grant based on a concept is like trying to run a hundred dash in deep sand. You are likely to g0 nowhere. You need to have a clearly defined purpose, scope, and detail for the project. Indeed, for government grants, especially federal, involving a capital project there needs to be at least 30 percent design completed by an engineer or architect. This type of detail is necessary to be able to adequately justify the amount of funds sought in a grant as meeting government standards of "necessary and reasonable." Keep in mind that government grants by statutory necessity are based on specific eligibility standards both for what can be funded and outcomes. This means you need to be able to know your project fits the parameters.

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Dee Butler

Head of Growth | Optimist | Visionary | Talks Grants Management | Leading Submit's partnerships, communications and brand awareness.
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If you're an executive seeking funding for grant projects, the key steps involve utilizing grant management software to streamline the process. This software allows you to efficiently manage grants from application to reporting, create modern forms, track deadlines, manage files, communicate with team members, and monitor the impact of grants. By using grant management software like Submit.com, executives can enhance their grant-seeking efforts, improve efficiency, and increase the chances of securing funding for their projects.

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2 Research Funders

Thorough research is imperative to find the right funding sources. Look for organizations, government agencies, or foundations that have funded similar projects in the past. Understanding what funders are looking for and their application cycles can save you time and increase your chances of success. Make sure to read their guidelines carefully and note any specific criteria or preferences they have, as this will be crucial when tailoring your proposal to each funder’s interests.

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3 Craft Proposals

Writing a compelling grant proposal is an art. It should be clear, concise, and persuasive, detailing how your project meets the funder's objectives. Ensure that your proposal includes a detailed budget, a timeline, and an explanation of the project's significance. Tailor each proposal to the specific funder — generic applications are easy to spot and often unsuccessful. Remember, the quality of your proposal reflects the quality of your project.

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4 Build Relationships

Building relationships with potential funders can greatly enhance your chances of securing a grant. Attend industry events, seminars, and other networking opportunities to make connections with funding representatives. Engage with them on social media and consider setting up meetings to discuss your project in more detail. A personal connection can make your project more memorable and can lead to valuable insights into what the funder is looking for in a successful application.

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Stephanie Lalani

Staff Accountant | Bookkeeping, Income Taxes, Financial Analysis
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Building relationships in any area of business is key. I have found that the funding community is pretty close knit. I often rely on the networking and relationships built to help find the best fit of funding sources to community needs. Sharing information about grants I find with others that can use them creates a network of many eyes looking for what is needed for my situation.

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5 Manage Submissions

Staying organized is crucial when managing multiple grant submissions. Keep track of deadlines, required materials, and follow-up dates. Use a calendar system to monitor upcoming due dates and plan your work accordingly. After submission, make sure to send a thank you note to acknowledge the funder's consideration. If your proposal is not accepted, seek feedback to improve future applications, and don’t be discouraged — persistence is key in grant administration.

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6 Evaluate and Adapt

Finally, it's important to evaluate your approaches to securing funding and adapt as necessary. If you're not seeing success with your current strategies, take a step back and assess what could be improved. This might involve seeking additional training in grant writing, revising your project plans, or looking for new funding sources. Continuous learning and flexibility are essential traits for executives looking to secure funding in the dynamic world of grant administration.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if you're an executive trying to secure funding for grant projects?

1

2

3

4

5

6

7

1 Know Your Project

2 Research Funders

3 Craft Proposals

4 Build Relationships

5 Manage Submissions

6 Evaluate and Adapt

7 Here’s what else to consider

Grant Administration

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What do you do if you're an executive trying to secure funding for grant projects?

1

2

3

4

5

6

7

1 Know Your Project

2 Research Funders

3 Craft Proposals

4 Build Relationships

5 Manage Submissions

6 Evaluate and Adapt

7 Here’s what else to consider

Grant Administration

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