Lifecycle of Grant Funding

The grant funding process goes through a well-defined lifecycle.
Here’s the lifecycle process:
Planning the grants — the granting agency plans the grants to offer based on its mission, goals, and budget.
Announcing the grant — the granting agency announces the availability of the grant.
Searching for grants — the grant seeker scans the list of opportunities to pursue.
Completing an application — the grant seeker completes a grant application.
Screening for compliance — the granting agency reviews the application for compliance.
Review process — the granting agency reviews the grant application and awards grants to those who pass.
Notification of award — the granting agency notifies the recipient of the award.
Ongoing oversight — the granting agency maintains oversight of the process.
Reporting results — the grant seeker provides updates about the use of funds.
Grant closeout — when the funds are deployed the grant is closed out with a report on the results.
It’s helpful to know the grant funding process from start to finish.  

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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.