Company Name
Confidential
Industries
Oil and Gas, Ultrasonic Technology
Country
United States
Project Objectives
To secure a $1.2 million grant for a startup’s innovative ultrasonic technology project aimed at advancing applications in the oil and gas sector, covering development, testing, and implementation phases.
Challenges Faced
The startup faced challenges in securing the required funding due to a lack of refinement in their proposal, inadequate financial projections, and a need for strategic alignment with funding requirements. They required assistance to enhance their proposal and navigate complex negotiations with funding bodies.
Solutions Implemented
- Creating a Logic Model: Refined and expanded the proposal into a comprehensive logic model, clearly outlining project goals, required resources, planned activities, and anticipated outcomes.
- Financial Projections and Cash Flow Modeling: Prepared detailed financial projections and a cash flow model to demonstrate the project’s sustainability and profitability, addressing concerns from the funding institute.
- Negotiation and Communication: Leveraged industry expertise to manage negotiations and communications with Qatar Foundation, ensuring the proposal aligned with the foundation’s funding criteria.
- Closing the Deal: Provided guidance through the final stages, supporting the client in completing necessary documentation and securing the grant.
Results/Outcomes
- Funding Secured: Successfully obtained the $1.2 million grant, enabling the startup to move forward with its ultrasonic technology project.
- Strategic Alignment: Developed a clear, actionable roadmap through the refined logic model, aligning the project with funding goals and ensuring structured implementation.
- Financial Clarity: Enhanced financial understanding for the client through detailed projections, aiding in effective planning for future growth.
- Professional Negotiation Support: Eased the client’s burden by managing complex negotiations, ensuring favorable terms.
- Long-term Relationship with Funding Institute: Established a strong relationship with Qatar Foundation, creating opportunities for future collaborations.
