Presentation on theme: "Not All Funding is Created Equal Institutional Support/ Local Grants Project Partnerships Entrepreneurial Ventures Sustainability Profitability Flexibility."— Presentation transcript:
Not All Funding is Created Equal Institutional Support/ Local Grants Project Partnerships Entrepreneurial Ventures Sustainability Profitability Flexibility
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!”
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?
Seeing Sustainable Funding Be ready to compromise – stay positive and pragmatic! Think “Win-Win”! Remember: fundraising activities are seldom your flagship projects
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
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
Topic Competition Care Enables Progress Topic Competition Sponsored by Johnson & Johnson Family of Consumer Companies
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…
Institutional Support ENCOURAGE THEM TO BE INVOLVED! –Be part of Business Advisory Board –Invitation to meetings –Travel to competition and leadership conferences
Sample Budget To keep track of your project income and expenses check out our sample budget and Fundraising Best Practice Guides on the Enactus United States website!
Partnering with Organizations INTERNAL –Other campus clubs/teams –College departments EXTERNAL –Non-Profits & for Profit organizations –Local businesses
Partnering with Organizations GENERATE 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