Accessing grants when you are not eligible

Accessing grants when you are not eligible

Do you want to know a neat little trick to accessing to grants when you are not eligible for the grant itself?

The trick here is to expand your thinking.  Don’t just think of what grants your business can apply for.  Instead, also think about how your products and services can help someone else who may be eligible for grant funding.

For example, there are many grants available to not for profits and community groups that businesses are not eligible for.  But that does not stop you from partnering with these organisations, helping them apply for the grant and paying your business from the grant funds to deliver the products or services.

For example, we have just had Small Business Month in NSW and the NSW Government had funding for collaboration partners to deliver events over the month.  I know one person who went to various business chambers and similar organisations and offered to submit the application on the basis that they were one of the presenters.  This gave them increased profile and the ability to sell their services in front of many businesses over the month.

Another example was a for profit business with a solution for addressing mental health.  They partnered with a registered charity to apply for a grant and they were paid for their time to deliver the outcome under the grant funding.  A win win for both the charity and the business.

In the tech space an example I see from time to time is that universities get access to lots of different funding.  But often they need a partner from the business world to deliver on the commercialisation aspect of their project.

So next time you are complaining that there are no grants for your business, expand your thinking to see who you could partner with and get the best grants of all, revenue for your business.

 

Wayne Wanders is an experienced Business Advisor skilled in analysing business financial performance and cash flow. Wayne may also be able to assist you in preparing your grant application.  Contact Wayne below for a free no obligation session.

 

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Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times. Wayne Wanders, A Real CFO wayne@aRealCFO.com.au
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