not all funding is created equal institutional support/ local grants project partnerships...

Not All Funding is Created Equal

Institutional Support/

Local GrantsProject

Partnerships

Entrepreneurial Ventures

SustainabilityProfitability

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 SupportENCOURAGE THEM TO BE INVOLVED!– Be part of Business Advisory Board– Invitation to meetings – Travel to competition and leadership conferences

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!

Partnering with Organizations

INTERNAL– Other campus

clubs/teams– College departments

EXTERNAL – Non-Profits & for Profit

organizations– Local businesses

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