Best Practices for Grant Writing

Raising grant funding is a key step in commercializing your technology.

Here are some best practices for grant writing to consider:

Research the goals and objectives of grants to understand what is currently of interest.

Make sure you have set up a legal entity for your business before pursuing a grant as a grant goes to a business and not a university or individual.

Setting aside sufficient time to write the grant as a proposal will take 200 to 400 hours to complete.

Communicate with the program managers to understand what they need to approve a grant.

Make clear in the summary what the project is and why it is important.

Avoid jargon and acronyms and use plain English.

Provide a complete set of materials including scientific papers, references, research strategy, and budgets.

Customize your proposal to the granting department as they each have different criteria.

Demonstrate how your proposal is unique and has solid research behind it.

Follow these guidelines in completing your proposal.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.