Application Process/Budget

Budget/Statement of Financial Need

The budget should be a descriptive essay providing a narrative with details of how the grant funding will be used to validate the market or scale a student business that has already been launched. The grant review committee should be able to read these quickly, as their use is simply to familiarize the committee members with the idea and how the grant funds will help validate or grow the student business. The budget should contain the current status of the idea (is it already up and running or is it still in the idea-only stage), a detailed breakdown of the needed funding and any other information the applicant deems necessary to finding success in their startup or growth. The statement of financial need should include all anticipated expenses for which the business would require funding.