Clear concept
Aims & objectives. What is the project trying to achieve?
Project plan
What the project entails with a timetable of events.
Scope
How much of the profession will benefit? This will range from affecting a minority, to the entire profession. Projects potentially benefiting the entire profession are viewed more favourably.
Impact
What will the impact be on the profession? Projects with a high impact will be viewed more favourably.
Success
Project output evaluation. How will the project’s outputs and successful outcomes be measured? Projects which are likely to have successful outcomes or with a proven track record will be viewed more favourably, those with highly uncertain outcomes less so.
Financial planning
A financial business plan. Detailed costings and projections based on realistic information.
Importance & necessity
Why is the project important? Applicants are to demonstrate the need for funding.
Resourcefulness
What complimentary resources have been secured, be they financial, equipment, personnel, premises, or other. Projects proposed by organisations must demonstrate why they cannot fund the project. Projects where complementary resources have been secured – particularly external funding – will be viewed more favourably.
Funding requested
Applications for high value awards will need to be of exceptional quality to be considered. Please bear in mind that partial awards may be made on occasions.
Future planning
Is funding sought of a perpetual nature? If so, then the application will be viewed less favourably. The Fund is for “seed” funding – to get projects going – not to provide ongoing support.
Acknowledgement
You will need to explain in detail how any contribution from the Fund will be acknowledged and promoted.
Relevant past experience
Applicants demonstrating relevant past experience will be viewed more favourably, particularly if similar to the proposed project.
Central Optical Fund
Supporting projects that benefit Optometry
