Grantors (and funders in general) want to get ALL of the information about your company before making a decision. While this sounds reasonable in theory, in practice it means due diligence can turn into a fact-finding mission for months and months to the point that the project you planned is no longer relevant. This is horrible for you but also a bad outcome for the funder as they missed out on an opportunity.
We interviewed D-Prize which funds idea stage startups. If you are just getting started this is a must-listen episode. D-Prize has a unique strategy and has some very specific development interventions they want to fund. For example:
Can you distribute a self-injectable contraceptive, Sayana® Press, to underserved women through a private health network?
Can you develop a team of technicians to service and repair existing oxygen concentrators to improve access to medical oxygen?
Can you direct caregivers to bring their infants to health facilities for routine immunizations that would otherwise not occur?
Can you teach “sugar daddy awareness” to 8th grade classes to reduce unwanted teen pregnancies?
Can you install and promote community chlorine dispensers to increase access to clean water?
Can you teach basic reading and mathematics skills to primary school students in a resource-limited classroom?
Can you provide smallholder farmers storage technology proven to increase their incomes?
Can you provide business coaching, capital, and social support to lift people out of ultra poverty?
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Due Diligence: A counter-intuitive way to make funders move fast
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Due Diligence: Double your success rate in half the time
Grantors (and funders in general) want to get ALL of the information about your company before making a decision. While this sounds reasonable in theory, in practice it means due diligence can turn into a fact-finding mission for months and months to the point that the project you planned is no longer relevant. This is horrible for you but also a bad outcome for the funder as they missed out on an opportunity.
See how to avoid Due Diligence delays here.
New Podcast: D-Prize
We interviewed D-Prize which funds idea stage startups. If you are just getting started this is a must-listen episode. D-Prize has a unique strategy and has some very specific development interventions they want to fund. For example:
Can you distribute a self-injectable contraceptive, Sayana® Press, to underserved women through a private health network?
Can you develop a team of technicians to service and repair existing oxygen concentrators to improve access to medical oxygen?
Can you direct caregivers to bring their infants to health facilities for routine immunizations that would otherwise not occur?
Can you teach “sugar daddy awareness” to 8th grade classes to reduce unwanted teen pregnancies?
Can you install and promote community chlorine dispensers to increase access to clean water?
Can you teach basic reading and mathematics skills to primary school students in a resource-limited classroom?
Can you provide smallholder farmers storage technology proven to increase their incomes?
Can you provide business coaching, capital, and social support to lift people out of ultra poverty?
Learn about D-Prize and listen to the podcast here.