Making a project more fundable
This page contains information on how to make a project more fundable when submitting a grant application.
What is a good idea? A good idea is something that will have immediate appeal with the donor/grant maker as being different, lively, worthwhile, and worth funding. Good ideas are central to good fundraising, even the very best application many not make up for a poorly thought out project or for something that is simply not interesting.
We see more and more the term ‘innovative’ being used in the grant maker’s criteria; however it is difficult to define what constitutes a good/ innovative idea. Usually it is something that leaps out at you from the page and seems obvious once someone has thought of it!
It is difficult to help generate a good idea, but these bullet points might just trigger an idea:
Ingredients of a Good Idea:
- It meets a really important and urgent need
- It is fresh or interesting (or at least sounds it) and captures imagination
- It is – or sounds – startlingly obvious, even though nobody has thought of it before
- It has a catchy title
- It is or it appears innovative
- It is topical – it fits with current fashions, thinking, concerns
- It addresses issues of disadvantage, a key concern for most funders/grant makers
- It is different – it stands out from the crowd or more ordinary applications
- It has different aspects which appeal to different funding constituencies (wide appeal)
- It shows value for money or leverage (a small input with lots of output)
- It complements and supplements existing provision or involves collaboration
- It has a clear and attainable objective
- It has measurable benefits and specific outputs
- It is realistic and achievable
- It is fundable and may even achieve its own income in the long term
How to Develop Good Ideas?
- Respond to new needs as they emerge
- Two heads are better than one (bounce ideas around)
- How could your work/ project be done better? What new needs are emerging?
- Ask ‘current’, ‘previous’ and ‘potential’ users what they think
- Keep an eye on the marketplace and in touch with social trends, what are others doing?
- Write down ideas as soon as you have thought of them; then develop and refine them
- Bring in outsiders who have no preconceptions
- Develop a positive CAN DO attitude, and work on the ideas that can make a difference
- Go back to the basics and think about what you would do if you could start from scratch
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