Grants Assist Australia is a grant writing team with a centralised database containing over 1000 grants offered by the Federal, State and Local governments, philanthropic organisations and other institutions that offer a helping hand to businesses in need.
Additionally, access the most up to date information when it comes to grants, subsidies, incentives, scholarships, rebates, concessions, and more are available through Grants Assist. In the following article, Grants Assist reviews how to research and find the right business grants faster, and with more success.
Acquiring funding for any business can be a challenge. From seeking out sources to securing the funding, it can feel treading water.
First, Grants Assist Australia reviews that businesses should do their research: seek out databases, network with potential investors, and explore various sources. Second, make a selection: choose multiple sources to focus on, making sure they suit the company's goals and eligibility requirements.
Below, Grants Assist Australia Reviews how to effectively research various grant opportunities and learn how to choose the right one for every type of company.
Step 1: Identify Potential Grant Sources
Grants Assist Australia reviews that there are many different avenues a company can take to find the right funding opportunities for their business. Grants come from all types of sources, including federal grant programs, non-profits, private foundations/individuals, and corporate programs.
Federal Grants: Federal programs typically target specific business goals such as fostering economic development, promoting innovation in environmental, medical, or social fields, and creating jobs in communities.
Corporate Programs: Corporate programs are another great source of funding. These programs typically work as a partnership to small businesses working toward a common goal. Grants from these programs may include financial funding, equipment, training/mentorship, and more.
Non-Profit Programs: Funding from non-profits is commonly given to companies fighting an environmental or social concern. Many non-profit websites will have a funding section that businesses can explore to determine if they are eligible.
Private Foundations: Grants Assist Australia reviews that finding grants from private foundations is more challenging but collaborating with like-minded private organisations willing to fund businesses seeking solutions to educational, social, or environmental issues could be worth the effort.
Take Advantage of Online Databases and Resources
Grants Assist Australia reviews that researching individual grants one by one can be a time-consuming and confusing process. Usually, these grants are for individuals, small businesses, and community organisations. The
Grants Assist is a great resource for finding these opportunities.
Where to Look
Grants Assist reviews that knowing where to find business grants is only half the challenge; knowing how to find the right grant is trickier. It would be a waste of time to apply for grants that don't really fit your requirements or goals of the business. However, by following these steps, any company can find the funding most suited to their personal and business goals.
Consider Eligibility. Every endowment has very strict eligibility requirements, and a business must meet every one to even be considered. Grants Assist Australia reviews that these criteria usually include geographical location, business size or annual revenue, industry/sector, company ownership (such as Indigenous-owned or Women-owned businesses), and specific projects being funded.
Consider Deadlines. When finding the right funding, Grants Assist Australia reviews that deadlines play a big role. Missing a deadline almost always means missing out on that potential opportunity. To avoid losing out, every company should have a calendar to track submission dates and deadlines.
This is even more crucial when funding sources require significant company information to make a decision, such as business plans, project plans, financial information, and more.
Consider Funding Requirements. Of course, businesses must also know exactly what their funding requirements are before choosing grant providers to focus on. Though financial amounts are key in this area, some also offer equipment donations, training programs, and other mentorship/guidance within their program.
Before applying, Grants Assist Australia reviews that business should make sure the grant source offers the right amount of funding for your goals or project.
Work With a Consultant. Many businesses find that working with a consultant can streamline their grant-finding endeavour. Rather than manually searching for applicable grants themselves, companies can work with an individual or company that can pair them with the right opportunities and perfect their grant applications for each opportunity.
Putting It All Together
All in all, researching and finding the right business grants is not easy. It takes considerable time, planning, and effort to match with the right grant sources, and that's not including the time and effort it takes to find the grant opportunities in the first place.
By leveraging these resources, businesses can increase their chances of securing grant funding and ultimately achieve their growth and development goals. Whether it's seeking out online guides, attending workshops or webinars, or partnering with professional grant writers, there is no shortage of support for businesses looking to successfully navigate the grant writing landscape. With the right tools and guidance, businesses can take their grant writing efforts to the next level and unlock new opportunities for success.
