How many of these grant terms do you know? Basic Grant Terms 501(c)(3) – The US Internal Revenue Service (IRS) tax code defines tax-exempt organizations, and IRS code 501(c)(3) defines the rules that charitable...
Category - Grants
Don Gooding
SBIR Funding [infographic]
SBIR funding is about the closest you’ll ever get to “free government money” for your business… but of course it is far from free! For a number of decades the US federal government has operated a...
Don Gooding
What are the Four Colors of Money for Entrepreneurs?
Over the life of your business you will use one or more of the following approaches – “colors” – to generate needed: 1. Bootstrapping 2. Debt 3. Grants 4. Equity We call these “four colors”...
501(c)(3)
The US Internal Revenue Service (IRS) tax code defines tax-exempt organizations, and IRS code 501(c)(3) defines the rules that charitable tax-exempt organizations must follow. See for lots of gory details! Many grants...
Applicant
If you are applying for a grant, loan or equity investment, you or your corporation are the applicant.
Application
A formal request – an application – guides you to provide the specific information needed to determine if you qualify for and are the most competitive applicant to receive funding. Applications are used for virtually...
Applied Research
Some grants are given to conduct applied research in order to solve real world problems with new technology: treat diseases, reduce energy consumption, increase industrial efficiency, and so on. Applied research is...
Award
In grant-speak, the award is the financial assistance you receive, not a trophy or a medal! It may be a no-strings-attached grant or it may be a contract. It can also be used as a verb, as in “we awarded a grant to ABC...
Basic Research
While most businesses don’t receive grants for basic research – they tend to go to universities or specialized research organizations – this is pure pursuit of knowledge for its own sake rather than to solve a problem.
