The Tobii Dynavox E-Funding page includes information about consulting your physician, consulting your speech-language pathologist, choosing your device, completing the funding packet, submitting the funding packet, waiting for authorization, and receiving your device. SFARI Collaborations are a new funding mechanism that will provide substantive and stable funding support to multidisciplinary teams of investigators tackling critical issues in the autism research field. Collaborations will be led by a director who oversees interdisciplinary, synergistic research efforts across multiple laboratories.
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources.[citation needed]
Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as 'soft funding' or 'crowdfunding'. Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the 'JOBS Act of 2012') (U.S.) is known as equity crowdfunding.
Funds can be allocated for either short-term or long-term purposes.
Economics[edit]
In economics funds are injected into the market as capital by lenders and taken as loans by borrowers. There are two ways in which the capital can end up at the borrower. The lender can lend the capital to a financial intermediary against interest. These financial intermediaries then reinvest the money against a higher rate. The use of financial intermediaries to finance operations is called indirect finance. A lender can also go the financial markets to directly lend to a borrower. This method is called direct finance.[2]
Purpose of Funding[edit]
Research funding[edit]
It is used for research, in fields of technology or social science. Research funding can split into commercial and non-commercial. Research and development departments of a corporation normally provide commercial research funding. Whereas, non-commercial research funding is obtained from charities, research councils, or government agencies.[3] Organisations that require such funding normally have to go through competitive selections. Only those that have the most potential would be chosen. Funding is vital in ensuring the sustainability of certain projects.
Launch a business[edit]
Entrepreneurs with a business concept would want to accumulate all the necessary resources including capital to venture into a market. Funding is part of the process, as some businesses would require large start-up sums that individuals would not have.[4] These start-up funds are essential to kick-start a business idea, without it, entrepreneurs would not have the ability to carry out their concepts in the business world.
Uses on investment[edit]
Fund management companies gather pools of money from many investors and use them to purchases securities. These funds are managed by professional investment managers, which may generate higher returns with reduced risks by asset diversification.[5] The size of these funds could be a little as a few millions or as much as multibillions. The purpose of these funding activities is mainly aiming to pursue individual or organization profits.
Methods of Funding[edit]
Government Grants[edit]
Government could allocate funds itself or through government agencies to projects that benefit the public through selection process to students or researchers and even organisations. At least two external peer-reviewers and internal research award committee review each application. The research awards committee would meet some time to discuss shortlisted applications. A further shortlist and ranking is made. Projects are funded and applicants are informed.[6]
Crowdfunding[edit]
Crowdfunding exists in mainly two types, reward-based crowdfunding and equity-based crowdfunding. In the former, small firms could pre-sell a product or service to start a business whereas in the latter, backers buys certain amount of shares of a firm in exchange of money.[7] As for reward-based crowdfunding, project creators would set a funding target and deadline. Anyone who is interested can pledge on the projects. Projects must reach its targeted amount in order for it to be carried out. Once the projects ended with enough funds, projects creators would have to make sure that they fulfil their promises by the intended timeline and delivery their products or services.[8]
Raise from investors[edit]
To raise capital, you require funds from investors who are interested in the investments. You have to present those investors with high-return projects. By displaying high-level potentials of the projects, investors would be more attracted to put their money into those projects. After certain amount of time, usually in a year’s time, rewards of the investment will be shared with investors. This makes investors happy and they may continue to invest further.[9] If returns do not meet the intended level, this could reduce the willingness of investors to invest their money into the funds. Hence, the amounts of financial incentives are highly weighted determinants to ensure the funding remains at a desirable level.
Self-Organized Funding Allocation[edit]
Self-organized funding allocation (SOFA) is a method of distributing funding for scientific research. In this system, each researcher is allocated an equal amount of funding, and is required to anonymously allocate a fraction of their funds to the research of others. Proponents of SOFA argue that it would result in similar distribution of funding as the present grant system, but with less overhead.[10] In 2016, a test pilot of SOFA began in the Netherlands.[11]
Withdrawal of funding[edit]
Withdrawal of funding, or defunding, occurs when funding previously given to an organisation ceases, especially in relation to Governmental funding.[12]
See also[edit]
| Look up funding in Wiktionary, the free dictionary. |
- Investment
References[edit]
- ^Kaschny, Martin (2018). Innovation and Transformation. Springer Verlag. ISBN978-3-319-78524-0.
- ^Mishkin, Frederic (2012). The Economics of Money, Banking and Financial Markets(Global, Tenth Edition). Pearson Education Limited. p. 68. ISBN978-0273765738.
- ^Imperial College London(2014) Types of research funding [Online] Available at: http://www3.imperial.ac.uk/researchsupport/funderinformation/typesofresearchfunding (Accessed:15 October 2014)
- ^GOV.UK(2013) Start Your Own Business [Online] Available at https://www.gov.uk/starting-up-a-business/get-funding (Accessed: 18 October 2014)
- ^U.S. Securities and Exchange Commission( 2010) Mutual Fund [Online] Available at: https://www.sec.gov/answers/mutfund.htm (Accessed: 19 October 2014)
- ^Stroke Association(2009) Research funding process [Online] Available at: http://www.stroke.org.uk/research/research-funding-process (Accessed: 21 October 2014)
- ^Clifford, C.(2014) Crowdfunding Generates More Than $60,000 an Hour (Infographic) [Online] Available at: http://www.entrepreneur.com/article/234051 (Accessed: 22 October 2014)
- ^Kickstarter, Inc.(2010) 'Seven things to know about Kickstarter' [Online] Available at: https://www.kickstarter.com/hello?ref=footer (Accessed: 23 October 2014)
- ^Raise Capital(2011) 'Business talk - How to raise capital for a hedge fund' [Online] Available at: http://www.raise-capital.com/raise-capital-for-hedge-fund.php (Accessed: 24 October 2014)
- ^Bollen, Johan (8 August 2018). 'Who would you share your funding with?'. Nature. 560 (7717): 143. doi:10.1038/d41586-018-05887-3. PMID30089925.
- ^Coelho, Andre. 'NETHERLANDS: A radical new way do fund science | BIEN'. Retrieved 2 June 2019.
- ^'The definition of defund'. www.dictionary.com. Retrieved 7 October 2018.
Finding Grant Programs
If you are just entering the realm of grants and government funding, it can feel overwhelming trying to find the right program for you or your organization. When considering grants, these programs can be broadly categorized as those awarded by the federal government and those awarded by non-federal entities. Within these two categories are a variety of funding sources and program types.
Federal Grants, Funding & Benefit Programs
To sort through the federal grant programs, the authoritative source is the Catalog of Federal Domestic Assistance (CFDA). This catalog lists all of the available funding programs to all levels of government, nonprofit organizations, for-profit businesses, and other eligible entities. Search Grants within Grants.gov allows you to search, filter, and apply for specific opportunities to receive funding from one of these programs.
Non-Federal Grant Programs
There are a large number of nonprofit organizations and for-profit businesses that also provide grants or other types of funding assistance.
Note: The information below is not exhaustive, and Grants.gov is not affiliated with, nor endorsing, any of these resources. They are provided as a convenience to prospective grant applicants.
The Foundation Center maintains a comprehensive database on U.S. and global grant-makers and their funding opportunities. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level.
Free Funding
The Funding Information Network facilitates access to grant resources and publications to under-resourced entities and populations.
State and regional directories can also be found with some research. Try using the Community Foundation Locator to find a grant-making foundation in your region. You may also use your preferred web search engine to find your state's grant or foundation directory. Local libraries may have access to subscription-based search engines or the Foundation Center Cooperating Collections, so visit your library to work with them for assistance.
Startup Funding
Learn more about federal grant programs in the 'Exploring Eligibility' blog series on the Grants.gov Community Blog .
For Personal Benefits
Are you an individual person looking for benefits, loans, or assistance from the government?
Grants.gov is probably not the site for you, but there are plenty of opportunities available:
The first place to look if you are looking for personal funding, such as funding for education, disaster relief, or health care. Use the Benefits Finder tool to identify programs for which you may be eligible.
Funding Circle
This site is helpful if you are looking for any type of personal or business loan.
You should check out this site if you are looking for education-related funding.
FedBizOpps.govThis site is the government point-of-entry for federal government contract procurement opportunities over $25,000.
USA.govThis site functions as an entryway to the U.S. Federal Government by providing information on federal agencies and programs, as well as facilitating access to the benefits and services for which you may be eligible.