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2014/10/17

Make Sure You Apply For The Correct Technology Grants

By Patty Goff


Once your invention begins coming to life, you will find that life is more expensive than you may be ready for. When applying for technology grants there are a few goals and needs that need to be defined first. Explain in as much detail as possible what the project is trying to accomplish and what will be needed to complete it. One will need to be able to explain how this is going to make a difference to the world.

For those that require the grant one must read through the guidelines before inquiring. If the project fits within the requirements the grantor will then ask for a proposal to be submitted. The one that is requesting the help will need to be available to work closely with the staff so as to refine the proposal. This could take time as numerous drafts will be drawn up. Once the final proposal has been submitted the program staff will then recommend that the grant be accepted by the Board of Trustees. Unfortunately this could take some time as they normally only have quarterly meeting through the year.

It will not be very easy to find the right funders but keep looking, the more one looks the more likely one will find the right one. All of the funders have their own goals and one will need to find out what these are and if they are compatible. Each funder is different, with different needs as well as criteria.

Once a funder has been found present the plan and ask if they are able and willing to help. Different funders prefer to receive the application for grants in different ways. Some will issue a request for proposal or RFP and will expect a response within a certain time frame. This is a solicitation made by a bidding process either by a company or agency that is interested in procurement of a service, asset or commodity.

Each year grants are given by governments, private foundations and public corporations to individuals, organizations and schools for certain projects. These funds do not have to be returned as long as they are used for what they were intended for. A grant proposal needs to be filled out in order to receive financial help.

When the budget is submitted one must use the Foundations own budget and financial report template. All expenses must be defined and all categories need to have detailed subcategories as well. If the proposal is accepted annual reports will need to be submitted as well.

When a funder has been found one will need to read the guidelines that they have about phone contact just to ensure that one follows any regulations and rules that have been set out. One must remember that they have many different grants that they have given and they need to follow up on them all. A certain time may need to be set aside so that they can have all their attention on ones specific needs.

The grants are given to teachers at any level to encourage education programs within the school's curriculum. They are mainly given to those that tend to serve a large number of students that come from low income homes. This will help with combining math and science into the program.




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