If you're confident that your project has a clear public benefit but needs grant funds to make it possible or to enhance it, it's time to tackle strategic research. Strategic research is essential for understanding your project's readiness, identifying market demand through active funders and determining the next steps for applying for grant funding.
Understanding the Strategic Research Process
Strategic grants research involves a thorough evaluation process that typically takes 30-45 days and concludes with a comprehensive three-part report and consultation. This process ensures that you are well-prepared to pursue grant opportunities effectively.
1. Project Readiness Assessment
Evaluating your readiness is crucial. Funders often require organizations to demonstrate a history of service and financial stability, typically expecting up to three years of financial records. Our research team meticulously assesses your internal data against the strict requirements of each grant application to ensure you meet these standards.
2. Market Demand Analysis
Our team conducts in-depth research to identify funders that are the best match for your project. We analyze active grant funders to understand the market demand for projects like yours, ensuring that you are targeting the right opportunities.
3. Strategic Consultation
After completing the research, we provide a detailed report and sit down with you to discuss our findings. This consultation includes tailored recommendations on how to proceed with grant applications, helping you make informed decisions about your grants strategy.
The Value of Strategic Research
The key benefit of strategic research lies in the ability to make informed decisions about your grants strategy, rather than gambling with uncertain processes. While we cannot guarantee funding outcomes (as those decisions rest with the funders), we stand by our rigorous process to evaluate, match and strategically advise our grant clients.
Conclusion
Strategic research is an invaluable tool in the grant application process, providing clarity, direction and actionable insights. If you're ready to elevate your project with grant funding, contact Engineered Tax Services today to get started with a strategic research consultation. Let us help you navigate the complexities of grant funding and maximize your chances of success.
Frequently Asked Questions (FAQs)
What is strategic research?
Strategic research is a comprehensive evaluation process that assesses your project's readiness for grant applications, identifies market demand through active grant funders and provides a strategic consultation on the next steps for applying for grant funding.
How long does the process take?
The strategic research process typically takes 30-45 days, concluding with a detailed report and consultation.
What information do I need to provide?
Please view our Document Checklist for a complete list of documents required to complete the strategic research process.
How are potential funders identified?
Our team uses a combination of specialized databases, industry knowledge and market analysis to identify potential funders that align with your project’s goals and requirements.
What happens after the strategic research report is completed?
After the report is completed, we will schedule a consultation to discuss the findings and provide recommendations on the next steps, including which grants to apply for and how to strengthen your applications.
Can you guarantee that my project will receive funding?
While we cannot guarantee funding outcomes, our strategic research process is designed to maximize your chances of success by thoroughly evaluating your readiness, matching your project with suitable funders and providing strategic advice.
What if my project isn’t ready for grant funding yet?
If our research indicates that your project isn’t ready for grant funding, we will provide recommendations on steps you can take to improve your readiness and increase your chances of securing funding in the future.
How does strategic research differ from grant writing?
Strategic research focuses on evaluating readiness, identifying potential funders and providing strategic advice, whereas grant writing involves preparing and submitting the actual grant applications. Both are important steps in the grant funding process.
