not all funding is created equal institutional support/ local grants project partnerships...
TRANSCRIPT
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Not All Funding is Created Equal
Institutional Support/
Local GrantsProject
Partnerships
Entrepreneurial Ventures
SustainabilityProfitability
Flexibility
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Barriers to Fundraising• Lack of Sustainable Funding Ventures – “No more bake sales!”– Institutional funding depends on many variables
• Unaware of Funding Opportunities – Enactus Project Partnerships and Topic
Competitions– Business Advisory Board sponsorships, grants,
etc.• Little to No Institutional Support • Campus Dynamics– “We’re a small/large campus!”
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Seeing Sustainable Funding How can we empower other entrepreneurs if we aren’t ready to think entrepreneurially ourselves?
Do you see just another mini fridge?
Or $70 per year for your Enactus team?
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Seeing Sustainable Funding
• Be ready to compromise – stay positive and pragmatic!
• Think “Win-Win”!
• Remember: fundraising activities are seldom your flagship projects
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Project Partnerships & Topic Competition• These programs offer grants and/or prize money to help
your team implement powerful projects• Enjoy great exposure to some potential employers and
build recognition in your community• Project Partnerships launch every fall and allow you to
engage your stakeholder the rest of the year!• Topic Competitions can earn you some prize money for
next year’s endeavors
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Project Partnerships
AB InBev Better World
Uncap Opportunities for Women- Supported by The Coca-Cola Foundation
Sam’s Club Step Up for Small Business
More information coming soon!
Walmart Women’s Economic Empowerment
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Topic Competition
Care Enables Progress Topic Competition Sponsored by Johnson & Johnson Family of Consumer Companies
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Institutional Support• Most campuses are looking for ways to:– engage their local community– empower students with experiential learning– see graduates find decent jobs– and gain notoriety among the academic
community.• Tracking quality metrics can fortify your bargaining
position!• Remember: make the ask, but this is your backup
plan…
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Institutional SupportENCOURAGE THEM TO BE INVOLVED!– Be part of Business Advisory Board– Invitation to meetings – Travel to competition and leadership conferences
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Sample BudgetTo keep track of your project income and expenses check out our sample budget and Fundraising Best Practice Guides on the Enactus United States website!
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Partnering with Organizations
INTERNAL– Other campus
clubs/teams– College departments
EXTERNAL – Non-Profits & for Profit
organizations– Local businesses
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Partnering with OrganizationsGENERATE A PROPOSAL– See the Team Fundraising Best Practice Guide
for more info– Focus on the metrics, the return on
investment, and outcomes– Be persistent, timely, and realistic