Frequently Asked Questions
Navigating the world of grant funding can be complex, but we’re here to make it easier.
What Is a Grant?
A grant is a wage subsidy, monetary award, government funding program, or any other type of non-dilutive funding opportunity that does not need to be repaid and does not require giving up equity. Grants provide extra cash to help your business grow!
Why Should I Hire Impact Applications?
Impact Applications secures grant funding for your business while saving you time, stress, and effort. Our Full Service Grant Management covers researching, writing, applying, and reporting, so you can focus on growing your company while we maximize your non-dilutive funding opportunities.
With our expertise and Money-Back Guarantee, we ensure the best chances of success, helping innovative businesses save time and unlock hundreds of thousands of dollars in grants.
What Are Grants Best Used For?
Grants are best used for expenses you were planning to incur anyway, such as current and new employee salaries, marketing, business trips, and R&D. Grants should supplement, not substitute, your core business model.
Is There a Limit to How Many Grants You Will Write for My Company?
No! All of our Full Service Grant Management Plans include unlimited grant applications. We work hard to apply for as many relevant grant applications as possible for you to help your company grow!
What Is Included in Your Full Service Grant Management Plans?
Full Service Grant Management encompasses the entire grant journey from start to finish and includes:
- Grant research
- Grant writing
- Email management
- Coaching and grant agency meeting preparation
- Writing and submitting unlimited relevant grant applications
- Reviewing financial statements and projections (as-needed)
- Final reporting for all approved grants
- Grant strategy, business, and innovation consulting sessions
What Other Services Do You Provide?
In addition to our Full Service Grant Management, we provide supplementary business writing for business plans, market research reports, and market entry plans.
What Is Grant Writing?
Grant writing is a specialized skill that involves crafting applications to effectively communicate the need, vision, and proposed outcomes of a project in alignment with grant agency objectives to secure funding.
Why Is Professional Grant Writing Important?
Professional grant writers have the expertise to craft compelling proposals, navigate complex application processes, and significantly enhance the likelihood of securing funds.
How Does Grant Writing Differ from Other Forms of Writing?
Grant writing is specialized, requiring a precise blend of persuasive, technical, and factual writing to secure funding, often adhering to stringent application guidelines.
How Long Does It Typically Take to Prepare a Grant Application?
Timeframes can vary from a few weeks to a few months based on grant complexity, funding amount, and client readiness.
What Information Is Typically Required in a Grant Proposal?
Our automated onboarding and questionnaire system seamlessly gathers all necessary prerequisites.
Applications generally require company details, project objectives, budget, timeline, team information, financial statements, projections, and anticipated impact.
Many grants also require a comprehensive business plan or market entry plan.
What Is the Success Rate for Grant Applications?
We have a 95% success rate for grants we have written. We ensure that your company and proposal align with the grant agency’s objectives before writing, and we submit applications months in advance to maximize success.
How Do You Identify Relevant Grants for Clients?
We utilize a combination of databases, industry insights, and a detailed understanding of client projects to frequently identify fitting grant opportunities.
How Can Businesses Remain Updated on New Grant Opportunities?
Engaging with our professional grant research team ensures you are promptly alerted to, and can capitalize on, relevant emerging grant opportunities without having to spend hours every month shifting through hundreds of potential grants.
Can I Hire Impact Applications for Already Secured Grants?
Absolutely! We assist at various stages, including final reporting and applying for additional funding.