GRANTS

ENTERPRISE PRESENTATION
BY:
ASHLEY.R.A.JOHNS
What is GRANDS?

A grant is an award, usually financial, given by one entity (typically a

company, foundation, or government) to an individual or a company to
facilitate a goal or incentivize performance. Grants are essentially gifts
that do not have to be paid back, under most conditions. These can
include educational loans, research money, and stock options. Some
grants have waiting periods—called lock-up or vesting periods—before
the grantee can take full ownership of the financial reward.
Some places where grants can be found!

1.Government agencies
Grants can come from the federal or state level, or a local government.
These grants have the narrowest eligibility and are usually only provided
to businesses rooted in science, technology, agriculture, energy or other
industries that will bring direct growth to the community.
2.Nonprofits
These grants primarily focus on specific underrepresented demographics, such as
women entrepreneurs, veteran proprietors and business owners of color.
3.For-profit organizations
These come from institutions like banks and have the broadest eligibility criteria.
These grants are given based on merit and application materials, like essays.
Steps to do before applying!
● Define the funding:business owners should outline the specific funding needed and identify the
precise objectives a grant will help them achieve.

● Create a detailed business plan: the next step is creating a business plan. Your plan should include
important details about your business like a company description, business structure, service offered,
financial projections and other useful information.

● Compile administrative details: important details to compile, such as the business owner's contact
information, planned use of the grant money, business license number, the business's tax ID (EIN)
number, and revenue vs. profit history/projections.

● Gather business records: business owners should assemble all the necessary business records,
and, ideally, they should be from at least the last three years.
How To Apply For A Grant?
First step in applying for a grant is to identify what type of grant your specific business is likely to receive

Certain kinds of businesses, [like] innovative startups, healthcare-related businesses, women/minority/

veteran-owned businesses, rural businesses, and 'green' businesses, in particular, are more likely to qualify
for grants than others

After you have determined what type of grants are achievable for your business, carefully read through the
grant requirements and narrow it down to a few select grants. Before writing your proposal, it is important to
consider meeting with the funding source.Sometimes, it is possible to set up a meeting with a foundation
staff person to explore your idea before writing or delivering a proposal.If you cannot get a person-to-person
meeting, then maybe try to at least get guidance over the telephone."
 How To Write A Business Grant Proposal!

Next step is to write the grant proposal.This part is critical and deserves a lot of attention and the purpose of
your proposal is to demonstrate your worth

The proposal in the grant should present a logical solution to a problem and It is always necessary to
convince the funder that you know what you are doing. Make sure to tell the story of your nonprofit in the
budget and the proposal narrative.

Judges want to give grants to businesses that will benefit the most

Once you've written and submitted your grant, the last thing to do is wait. Check the grant submission
guidelines to see their approval/rejection process, as sometimes this will provide a timeframe or a series of
next steps for you to take. Some funders provide a tracking number, so you can see the progress of your
grant proposal.
What Is Included In A Business Grant Proposal!
Cover letter: This document is the first impression the grant reviewer will have of your application. It should contain a
summary of your proposal and why you stand apart from other applicants.
Executive summary: This provides a top-level summary of the main aspects of your business and the core components of
your grant proposal.
Basic company information: Include basic information about your business, including other sources of funding and your
annual budget. You should also include information on your organization's executive officers and governing structure.
Need statement: Grant reviewers need to know why you are seeking this funding, and that you're addressing an important
need with the grant money. Your need statement should summarize the facts, figures, and data your grant reviewer needs to
make this decision.
Purpose: Whether you're looking to purchase specialized equipment, hire more staff or travel expenses related to your
business, specify how the funding will be used.
Evaluation: Let the grant reviewer know which data you plan to track to best determine the impact of their funding.
Budget: Detail how much it would cost to complete the project for which you are seeking funding. Remember, grants are
often for specific purposes and need, so this information is key. If you're expecting other sources of funding, those should be
mentioned as well.
Documentation: Your grant reviewer may want to see financial statements, tax-exempt letters if you're a not for profit
organization and other important information that could bolster your chances of receiving the grant.
ADVANTAGES

● once raised, and as long as the conditions are met, the funding should be relatively easy to maintain
● the rate of repayment, if there is one, is usually lower than a commercial loan
● certain loans do not require any repayment as long as sufficient time has passed and all the
conditions of the loan are adhered to
● it can lead to additional finance being made available from other sources, such as banks.
DISADVANTAGES
● the conditions can be onerous on a business
● the full loan amount is often not obtained so other sources of finance are usually needed
● the grant funder is in control of what the fund is to be used for
● it can be difficult to find the funding for your business and even more difficult to meet the
initial criteria of the grant funder
● in recent times this source of finance has been increasingly difficult to obtain
● it could take a long time to obtain the finance.
Real Life Example
Support for International Patent Protection in Electronics and & Information
Technology (SIP-EIT)
Ministry Of Electronics & Information Technology
SIP-EIT is a scheme to provide financial support to MSMEs and Technology Startup
units for international patent filing to encourage innovation and recognize the value
and capabilities of global IP along with capturing growth opportunities in ICTE
sector.
Project Description
● Mindstone Learning Limited (previously Bloom) is an innovative company working to
transform online learning for the better by empowering people to bridge skill gaps that
have arisen between formal education and workplaces. Using the science-of-learning,
their AI-optimised tools help users to learn faster through organisational resources and
collaboration with others. 
● Granted Consultancy assisted Mindstone Learning in their project management (with
quarterly reporting and project kick-off support) after they successfully secured funding
with the aid of an application review from our team. Mindstone’s EdTech platform will
improve skills adoption by providing a learner-centred, content-agnostic solution to
enhancing productivity.
Client Quote
● “This was Mindstone’s first successful grant application, and the Granted team provided a
fantastic service from reviewing the application to helping us through the project
management and reporting process. They were reassuring, well-informed and extremely
helpful throughout: highly recommended” – Patrick Cootes, Mindstone Co-founder. 
 Questions:
1. Who are Mind Stone Learning?
2. Who assisted Mind Stone Learning?
3. How much grant proposal successes did they have at
that time?
4. Who is MindStones co-founder?
Q&A Session!
1. What does it take to win a grant?
Many grant applications are accompanied by scoring criteria
or rubrics. Read them carefully, because they will give you
specific guidelines for creating a winning proposal.