Difference between revisions of "Team:UMaryland/fundraising"

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<li><a href='#management'><span>Effective Management</span></a></li>
 
<li><a href='#management'><span>Effective Management</span></a></li>
 
<li><a href='#misc'><span>Misc. Advice</span></a></li>
 
<li><a href='#misc'><span>Misc. Advice</span></a></li>
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<h2 align="center">By Kevin Fan, Fundraising Chair of UMaryland iGEM 2015</h2>
 
<h2 align="center">By Kevin Fan, Fundraising Chair of UMaryland iGEM 2015</h2>
 
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<p style = "font-size: 18px">Kevin has successfully started several non-profit companies focused on enhancing science education among younger students. From his experiences, he has had prior training in accounting, management, and leadership. He is thus uniquely qualified to address the topic of acquiring team funding, which he does so in the following piece.</p>
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<p style = "font-size: 18px">"Kevin has successfully started several non-profit companies focused on enhancing science education among younger students. From his experiences, he has had prior training in accounting, management, and leadership. He is thus uniquely qualified to address the topic of acquiring team funding, which he does so in the following piece."</p>
 
<p style = "font-size: 16px" align = "right">-- Iowis Zhu, President of UMaryland iGEM 2015</p>
 
<p style = "font-size: 16px" align = "right">-- Iowis Zhu, President of UMaryland iGEM 2015</p>
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<a name="whyfundraise"><h2><b>Why Fundraise?</b></h2></a>  
 
<a name="whyfundraise"><h2><b>Why Fundraise?</b></h2></a>  
 
<p style = "font-size: 18px">Fundraising is a critical component to successfully navigating the iGEM competition season. It is perhaps one of the most important yet underappreciated activities of any organization.  
 
<p style = "font-size: 18px">Fundraising is a critical component to successfully navigating the iGEM competition season. It is perhaps one of the most important yet underappreciated activities of any organization.  
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<p style = "font-size: 22px"><i>Budget Plan</i></p>
 
<p style = "font-size: 22px"><i>Budget Plan</i></p>
 
<p style = "font-size: 18px">Before delving into the fundraising process, there are a few documents and analyses that you need to prepare. First and foremost is a Budget Plan for all expected expenditures leading up to the competition. This will vary from team to team, but generally will include registration fees, lab expenses, and expenses related to travel, food, and lodging. Some teams may want to include a stipend for their students as well. UMaryland iGEM’s 2015 Budget Plan is linked below.</p>
 
<p style = "font-size: 18px">Before delving into the fundraising process, there are a few documents and analyses that you need to prepare. First and foremost is a Budget Plan for all expected expenditures leading up to the competition. This will vary from team to team, but generally will include registration fees, lab expenses, and expenses related to travel, food, and lodging. Some teams may want to include a stipend for their students as well. UMaryland iGEM’s 2015 Budget Plan is linked below.</p>
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<p style = "font-size: 18px">Note that many of the values in the Budget Plan, particularly the registration and lab expenses, can be highly variable and flexible.</p>
 
<p style = "font-size: 18px">Note that many of the values in the Budget Plan, particularly the registration and lab expenses, can be highly variable and flexible.</p>
 
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<p style = "font-size: 22px"><i>University Support</i></p>
 
<p style = "font-size: 22px"><i>University Support</i></p>
 
<p style = "font-size: 18px">The first place you should look to fund your school’s iGEM team is the school itself! Most schools would be happy to give a few thousand dollars to send its students to an international synthetic biology conference. UMaryland iGEM 2015 received funding from the Integrated Life Science Honors Program, the Fischell Department of Bioengineering, the College of Computer, Mathematical, and Natural Sciences, and the Clark School of Engineering. Since we have a diverse group of students consisting of business, biology, bioengineering, computer science, nutrition, public health, biochemistry, and entrepreneurship students, we were able to tap into the coffers of multiple academic departments. Convince your university to give money by talking about how an international conference can further your careers and enhance your educations, as well as bring positive media attention to the school.</p>
 
<p style = "font-size: 18px">The first place you should look to fund your school’s iGEM team is the school itself! Most schools would be happy to give a few thousand dollars to send its students to an international synthetic biology conference. UMaryland iGEM 2015 received funding from the Integrated Life Science Honors Program, the Fischell Department of Bioengineering, the College of Computer, Mathematical, and Natural Sciences, and the Clark School of Engineering. Since we have a diverse group of students consisting of business, biology, bioengineering, computer science, nutrition, public health, biochemistry, and entrepreneurship students, we were able to tap into the coffers of multiple academic departments. Convince your university to give money by talking about how an international conference can further your careers and enhance your educations, as well as bring positive media attention to the school.</p>
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<p style = "font-size: 22px"><i>Corporations</i></p>
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<p style = "font-size: 22px;text-align: center;"><i><b>Corporations</b></i></p>
 
<p style = "font-size: 18px">There are many corporations out there that would be happy to help students, but it’s really hard to get a hold of them unless you know a key contact. For UMaryland iGEM, we found a contact with MedImmune and Dupont.</p>
 
<p style = "font-size: 18px">There are many corporations out there that would be happy to help students, but it’s really hard to get a hold of them unless you know a key contact. For UMaryland iGEM, we found a contact with MedImmune and Dupont.</p>
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<p style = "font-size: 22px"><i>Grants</i></p>
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<p style = "font-size: 22px;text-align: center;"><i><b>Grants</b></i></p>
 
<p style = "font-size: 18px">Although UMaryland iGEM 2015 did not apply to any grants this year, we did apply to the Maryland Leadership and Discovery Grant in 2014, our inaugural year. Grants can take a while to process, so start them very early in the competition season. Try to have them submitted by early Spring at the latest.</p>
 
<p style = "font-size: 18px">Although UMaryland iGEM 2015 did not apply to any grants this year, we did apply to the Maryland Leadership and Discovery Grant in 2014, our inaugural year. Grants can take a while to process, so start them very early in the competition season. Try to have them submitted by early Spring at the latest.</p>
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<p style = "font-size: 22px"><i>Individual Donations</i></p>
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<p style = "font-size: 22px;text-align: center;"><i><b>Individual Donations</b></i></p>
 
<p style = "font-size: 18px">Account for a very small portion of the fundraising. It is unlikely that any individual will contribute more than a few hundred dollars. I was able to give a presentation at the Gaithersburg Rotary Club about a topic we were researching that was of interest to them, and they featured us in their newsletter. I’m not sure if anybody donated because of that, but individual donations en masse can add up to a significant sum.</p>
 
<p style = "font-size: 18px">Account for a very small portion of the fundraising. It is unlikely that any individual will contribute more than a few hundred dollars. I was able to give a presentation at the Gaithersburg Rotary Club about a topic we were researching that was of interest to them, and they featured us in their newsletter. I’m not sure if anybody donated because of that, but individual donations en masse can add up to a significant sum.</p>
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<p style = "font-size: 22px"><i>Product/Service Lines</i></p>
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<p style = "font-size: 22px;text-align: center;"><i><b>Product/Service Lines</b></i></p>
 
<p style = "font-size: 18px">I’ve heard of other iGEM teams selling products or services to make money. UMaryland has never done that before, but the summer science camp is a very lucrative business that we may look into in the future.</p>
 
<p style = "font-size: 18px">I’ve heard of other iGEM teams selling products or services to make money. UMaryland has never done that before, but the summer science camp is a very lucrative business that we may look into in the future.</p>
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<a name="grind"><h2><b>The Grind: Using the Shotgun Approach</b></h2></a>
 
<a name="grind"><h2><b>The Grind: Using the Shotgun Approach</b></h2></a>

Revision as of 03:05, 14 September 2015