Grants are…
A financial award given to an eligible grantee where the grant amount is not expected to be repaid by the recipient, and is meant for use by charitable organizations/nonprofit entities, small business enterprises, educational institutions, or individuals.
Two broad ways to think of grants:
- Type of funding source
- Target area, sector, nature of the foundation, socio-economic need
Federal + Ontario Government = $35 billion
http://www.grants.gov.on.ca/GrantsPortal/en/OntarioGrants/GrantsHome/index.htm
Significant challenges:
- The application process is intense
- A team effort is mandatory (exemplary team management, project management, time management, and organizational skills as well as good writing)
- Grant provider needs to be clearly convinced about applicant’s need, and it’s fit within their mandate
The Grants Process:
![Screen Shot 2016-09-04 at 12.53.23 PM](https://i0.wp.com/allegorocommunications.com/wp-content/uploads/2016/09/Screen-Shot-2016-09-04-at-12.53.23-PM.png?resize=395%2C423&ssl=1)
Image Source: http://www.keepoklahomabeautiful.com/the-grant-writing-process
3 Key Components of Grant Writing:
![Screen Shot 2016-09-04 at 12.55.41 PM](https://i0.wp.com/allegorocommunications.com/wp-content/uploads/2016/09/Screen-Shot-2016-09-04-at-12.55.41-PM.png?resize=390%2C338&ssl=1)
Help me find money for my business!