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The following SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity. More about the SMART 100.
SmartyGrants
This innovation initially came to life when…
Over $23 billion is given out annually in grants funding in Australia by government, philanthropy, corporates and NGOs, and there is no standardised solution, application process or management and acquittal process. $23 billion and not one standard operating system. SmartyGrants was started from the ground up after a series of “Grants Rage” sessions by grant applicants on the tragic state of technology, systems, process and learnings exchange. It’s taken two years of research, development, and listening to what tore at the hearts of people: why there was not a simple way to apply for grants.
WHAT & HOW
The purpose of this innovation is to…
It’s a Software as a Service solution — you don’t have to spend five million dollars building your own rocket ship (two government departments have). It can sit on any grantmaker’s website (3,000 in Australia alone) with one hosted solution.
It does this by…
It does this by creating significant efficiencies, innovations, and the best practices while reducing costs. Simultaneously, the benefits are extended to grantseekers through greater accountability for the distribution of public funds and greater ease in applying online. It’s one standard for all.
PURPOSE & BENEFITS
This innovation improves on what came before because…
Grantmakers spend millions designing systems by technology “experts” without understanding how to apply for a grant, how to manage one or how to acquit a grant. We at SmartyGrants listened to the rage of grant applicants fed up with the current practice of disastrous processes and systems and we acted.
Its various benefits to the customer/end-user include…
Cost, standards, efficiencies — even the Auditor Generals are chomping at the bit. One government agency’s budget to build their grants system was $950,000. The top-end SmartyGrants cost is $25,000 a year.
COMPETITIVE LANDSCAPE
In the past, this problem was solved by…
Its predecessors/competitors include…
TARGET MARKET
It is made for…
Australia — 500 local governments who give out grants. 700 government agencies who give out grants. And another 1,800 philanthropists, corporates and NGOs.
DISTRIBUTION STRATEGY
It is available for sale through…
Now selling at www.smartygrants.com.au and through our sales team.
Our marketing strategy is to…
Through our Our Community business we track every grantmaker in Australia as we have a newsletter that produces that information — we knew the clients even before they realised they had a problem.
SUPPORTING IMAGES
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