LXXIV ICM Opatija, Croatia FM, AA/MCC, and S&C Workshop Useful finance LXXIV ICM Opatija, Croatia FM, AA/MCC, and S&C Workshop
What is a grant? Substantial amount of money Given by (non)governmental institutions, persons, foundations or others Specified use and other criteria Application procedure Reporting procedure
Pros… Relatively easy to apply (usually) Rich resource Diverse and plentiful More stable/reliable than partner income Clear expectations Non-commercial culture
… and cons Affects multiple generations Requires meticulous and precise reporting Hard to understand requirements Difficult application (sometimes) Retroactive effect of failure No guarantee of receiving grant
The assignment Divide into 12 groups Read the grant requirements carefully You have 20 minutes to build: A project (with agenda) An application A budget And present it afterwards Tip: you will need to divide the work to be able to finish on time