Grants are one of the most significant funding sources available. Researchers, educators, and entrepreneurs who understand how to navigate the process of obtaining funding from grants can receive substantial funding to develop intellectual property and bring major projects to life. However, before qualifying for funding, applicants need to understand how to draft an effective grant application. University of Phoenix offers these suggestions to help foster success in grant writing.
Why Grant Writing Matters
Most researchers assume that funding is awarded solely based on the quality of ideas. In reality, as with all areas of business, marketing and building relationships are the ultimate keys to funding. A great idea is only the start. Concepts and plans will not receive funding unless applicants can market themselves, their teams, and their concepts in ways that appeal to potential grantors.
The vast majority of researchers know very little about marketing, so they fail to write grant applications with the right impact on sophisticated grant administrators. However, applicants can learn to write grant proposals that match what administrators are looking for.
Individuals who are able to write effective grant applications have a much higher chance of obtaining the funding they need. They also tend to have more positive interactions with grant administrators. These professional relationships can lead to referrals to exciting projects with substantial career potential and future opportunities.
Grant Writing Tips
There are many strategies that researchers can use to increase their chances of being awarded a grant, but a few guidelines apply in almost all situations.
First, applicants should only apply for grants that they qualify for. Be sure to read the complete request for proposal documentation and grant requirements. If the project does not qualify, even the best application will not be awarded funding.
Second, be sure to follow instructions carefully. Many grant submission guidelines are strict, and failing to follow every stipulation can disqualify an otherwise suitable application, even if the mistake is minor.
Finally, understand that creating a successful application requires the investment of significant effort. Never take shortcuts, and always seek to submit top-tier work with all supporting documentation.
Successfully Submitting a Grant
Researchers applying for funding can greatly increase their chances of success by considering the grantor’s objectives. Start by conducting thorough research to gain a deeper understanding of an organization’s mission, priorities, and financial backers. Others who have received funding in the past can be a great resource. Speak with colleagues who have dealt with the grantor or been awarded a grant to understand the experience from a different perspective. Additionally, keep in mind that most organizations are willing to speak directly to qualified grant applicants when discussions aim at improving the quality of a grant submission. These companies want to distribute funds; they just want to do so with the right fit for the right causes or projects that represent their interests.
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