Looking for funds to get an idea off the ground?

Various grants are available through State and Federal Government and independent sources. If you have an idea worth pursuing, it deserves the best chance of securing funding. There are many grants out there for all sectors of work, and your project only needs a well-polished application and discrete funding requirement to stand out.

Building a simple model for your idea

Choose a grant that’s appropriate for your project. To ensure a grant is the right fit for you, check the following:

1. What are the criteria?

1. Why is the funding body providing grants?

1. Are they offering an operational grant or (more likely) a project grant?

1. Do you need to match a percentage of funds when applying?

1. What do you need the money for?

Most grants don’t cover ongoing costs, so you must demonstrate a concrete financial need for a discrete period. Build a concise financial model to demonstrate how you plan to use the grant funding. These models can be as simple as a table or a timeline of costs.

1. Do you have a financial model, and is it clear and concise?

1. Does it provide all the relevant information for the funding criteria?

1. Is it easy to understand?

Writing your grant application

Familiarise yourself and the reader with your business goals. Outline the goal of the project and its context in your business. Identify yourself and anyone working on the project and what their roles are. Include your simple financial model showing you’ll use the grant funds fully. Identify the benefits of this project for your company and your community.

1. Federal Government

1. Western Australia

1. New South Wales

1. Victoria

1. Queensland

1. South Australia

1. Northern Territory

You’ve secured a grant. What now?

If you successfully secure funding for your idea, ensuring those funds align with your application is essential. To mitigate the risk of having your financing rescinded, we recommend implementing a grant management plan that includes all significant milestones and tracks your progress against your application.

Plastic Words

Grants are always available. We will build assets to apply for every viable option. We are a boutique strategic comms company aiming to specialise in state and federal grant applications. We seek companies with great ideas. Contact us for a free introductory half-hour conversation on grant application and management.