Sponsors typically provide funding to achieve very specific objectives, such as:
• To solve problems, such as a shortage in the STEM or nursing workforce.
• To discover new knowledge through research studies and demonstration programs.
• To translate knowledge to improve practice, such as patient centered outcomes research.
• To provide services to benefit a population in need, such as our Access and Success program.
Project management or ideation is a marginalized but key step to winning funds. Winning ideas often:
• Have not been done before, but build on lessons learned, supported by literature.
• Have a strong operational plan connecting goals, objectives, timelines and staffing.
• Define outcomes, measures and methods to evaluate the impact of sponsor funds.
• Demonstrate the applicant team has capacity to execute the plan.
• Share knowledge or know-how with a broader community.
• Address how the research or program will be sustained beyond sponsor funding.
• Approach the right funder whose purpose, method, funding level, etc. align with the project plan.