Winning technology grants requires more than filling out an application. Grants are increasingly tied to long-term strategies that demonstrate initiative in reaching the grantor’s mission.
If you want to be first in line for technology funding you must understand how to allocate and manage your funds. Grasp the following four technology expenditure areas and you’ll be ready to submit well documented and well reasoned proposals.
Hardware
Hardware is usually the primary focus in technology funding. It includes computers (workstations), printers, scanners, and fax machines. If your organization is large enough, you might have different servers, backup systems, or extensive networking equipment.
Because of typically large initial cash outlays, hardware will include 50% or more of the total project costs.
Software
Software includes the programs you need to run your hardware. Typically, software will comprise 15-20% of your total hardware budget. Be mindful of upgrade costs versus new costs. Look for lower priced opportunities if you buy software licenses in bulk.
For general office equipment like printers and scanners, software will usually be included in the hardware cost. For thoroughness, go through your hardware list and determine if software is needed. Or if an upgrade rather than an outright buy will do.
Winning technology grants requires more than filling out an application. Grants are increasingly tied to long-term strategies that demonstrate initiative in reaching the grantor’s mission.