Matthew Warner
Psytext
Introduction
There are many different types of grant opportunities available for non-profit companies, artists and entrepreneurs. Navigating through the vast amount our options may take time, but it is worth it in the end. This article is going to explain what you need to be prepared for before, you start your application.
Contents
1.What are Grants for?
2. Who is Eligible to Receive Grants?
3. What are the most common details Grant providers are looking for?
4. Types of Grant Programs
5. What is included in a Grant Application?
6. How many grants am I Eligible for?
7. Do you have to Pay Grants Back?
8. List of Grant Providers
9. References
1. What are Grants for?
A grant is a from of financial support. There are many different types of grants, and each one has its own specific set of requirements that need to be met in order to be eligible. Grant money/finances are awarded to the eligible parties that meet the necessary requirements, and submit their application before the cut off date. Grants are provided by government organizations, registered corporations and private parties. In order to eligible to receive a grant, you will need to meet the criteria that each provider asks for. This document will explain what grants are, how they work and how to go about applying for them. A grant is non-refundable, and is one of the key resources used by many different types of companies, corporations, entrepreneurs and artists. They are essential for the research and development phase of specific type of products, ensuring that artistic venues are carried out correctly, and providing new business owners with options to give back to the community.
Grant opportunities are one way to provide your company, small business or artistic idea with extra financial support. They can be any amount of money, but they usually range from $500-$50,000. If you fit the criteria, you may also be able to apply for multiple grant's, or apply for other programs on a regular basis. There are different organizations that publish information pertaining to available grants that are associated to specific groups. There are also deadlines that need to be met for many of them, and in some cases, there will be a limited amount of applications that the provider is going to be accepting, so making sure your application is received in time is important.
If you would like to begin working on having a grant, proposal letter or other form of application to help you on your way to gaining more access to financial support, then please contact us. Or read more to learn about how grants applications work.
Keep Reading...
2. Who is Eligible to Receive Grants?
Providing support for industries that are in the development stage and providing employment to others. Non-profit organizations, the agriculture sector, green technology and visible minorities are the ones who are most eligible for the current grant opportunities. The most important thing to consider when thinking about following through with the grant application, is how you are going to use the finances given to you. This not only helps with the application process, but will help with pre-planning procedures.
3. What are the most common details Grant providers are looking for?
There are many different types of grants, grant programs and opportunities' to fund your business or idea. They all have a unique set of criteria. Here are some of the types of companies, artists and organizations that are most eligible.
Incorporated business and non-profit organizations
Business and organizations that have an active store or office location.
Companies that have an Active Office, Store or Work Location
Pre- Planned Program, Activity Event or Function
Business and organizations that provide community support
Has over 3 employees or volunteers.
Indigenous People Groups and Organizations
Black Identity and People of Color
Youth (under 39)
Artists, Musicians and The Creative Sectors
Non- Profit Groups and Organizations
4. Types of Grant Programs
Business Start-up Grants
Business Start-up grants are designed for new companies to receive the required funding to begin operations. This type of grant usually requires financial information, and a list of potential and active payable/receivable account data.
Educational Grants
There are many different types of educational grants. They are provided to students, and companies that require staff training exercises. Educational grants can also be allocated towards equipment and materials.
Bursaries
This is a different type of financial support, that is awarded to parties who meet specific educational requirements. They are usually used towards elevating educational debt, and or provided to students.
Equipment Financing
There are some type of programs that specifically provide financing for equipment purchases. This is important for art programs, and businesses that will require specialized materials.
Green Initiative Programs
The green initiative programs provides financing for companies and organizations that are either working towards green initiative, environmental protection, or other types of sustainable health systems. They provide funding for one time programs, or ongoing funding for specific groups and organizations.
Arts, Music and Dance
Music art and dance programs are available for individuals, and organizations that provide lessons, or are a notable outlet for social inclusion. This allows venues to provide various types of entertainment, and integrate grant funding opportunities with artists who participate with their group.
Production
There are different types of engineering grants. Production and Engineering grants allow individuals who are working on new ideas, projects or Innovations the option to receive the financial support required to purchase necessary materials, or if necessary sustain themselves during the duration.
Health Care
Healthcare Industries are also eligible for grants, and other forms of subsidization. Educational facilities, private Institute and government agencies all are eligible for specific grants and
grant programs when they become available.
5. What is included in a Grant Application?
This depends on the type of grant you're applying for, but the majority of the information will remain similar or exactly the same. You will be required to answer a set list of questions and you will also have to keep a detailed set of documents handy for when they are asked to present them. Remember, you are also competing with other people who are interested in receiving the same finances and in many cases the resources are limited to one, or very few people. Taking time to ensure that you have well written, clear documents will give you the best shot at receiving your finances. You will have to have the following basic items:
-Business Plan
A business plan will include all of the information pertaining to your company, idea or initiative. It will highlight your vision, corporate goals, or how you are planning on giving back to the community. Your business plan needs to include your current financial outlook, with any possible differentials that may come in the future.
-Cover Letter
A straightforward cover letter that explains what your company does, talks about yourself as an entrepreneur or artist and provides insight to some of your previous accomplishments.
-Plan of Action
Your plan of action can include your day-to-day activities, or a full itinerary of a specific project that you are planning on completing. This can include photographs, charts, written testimonials, graphs and or diagrams.
-Presentation
A strong presentation can be created and used to help explain your idea, your point of view and other aspects that cannot be conveyed by conventional means. This also can be by physical presentation or demonstrations at your location, including product samples, key staff members or the owner themselves contributing to interacting with potential clients.
-Work Samples
Work samples can include examples of your completed assignments, pictures of you on the job, photographs of your classes, lessons or graduation ceremonies, or recorded copies of your other achievements and documents.
-Reference Letters
-Application
6. How many grants am I Eligble for?
The best part about applying for grant is, that there are multiple opportunities that you can apply for at the same time. In some cases, the organization or group that provides the grant will have stipulations on how many grants will be awarded during a certain time frame to one individual or group. But in other cases, you may be able to apply for multiple grants, or look for financial solutions from other resources.
7. Do you have to Pay Grants Back?
No. When you receive grant money, those finances belong to you and your organization. In many cases, you will be required to keep receipts, or hold on to information and financial transactions for future reporting. This is not only to keep track of your own records, but to report back to the organization that has provided you with the finances so they have a clear understanding of where they went. If you are looking for a grant in the future, keeping a report of where the money goes will also act as a form of proof that you are using the finances in the best way possible.
8. List of Grant Providers
Here is a list of Canadian grant providers. Some of these provide different forms of grant opportunities, and they will update their platform on a regular basis.
This website offers different types of grant opportunities. You can also search for different variations related to your industry.
This website is a government grant agency.
This is another government grant provider. Based on our efforts, you are guaranteed to receive funding from them or another institution.
This is a private funding company.
The Toronto Arts Council provides assistance to artists through various types of funding programs.
The company connects you directly to a grant provider that best suits your requirements. They offer personal, one-on-one consultation for free.
The SBCC offers grant, loan programs and networking resources. They main focus on Black, or African identifying members of the public and organizations.
This is a government organization that provides grant and funding options, career opportunities, contests and consultation.
This company provides application and writing assistance to their clients. Their website features articles and information pertaining to new industry grant opportunities.
Get Ready to Start Applying for Grants Today
Psytext.com provides support, written documentation and connections to active grant provider. We build, create and design personalized applications get to you in touch with the necessary parties who can provide you with the finances you need to get on your way.
9. References
https://www.cicnews.com/2022/06/how-immigrants-can-learn-more-about-indigenous-people-in-canada-0626377.html/amp
https://www.saanichnews.com/news/no-celebrations-indigenous-communities-leaders-share-canada-day-frustrations/