Business & Administration
Evaluation and Approval Criteria
Opportunity
Fund Proposals
There are two processes
the Account Managers must coordinate pertaining to Opportunity Funds.
- A number of Opportunity Funds were approved during FY2003. These previously funded grants will end on August 31, 2003 (except where unexpended funds may be used to complete the grant initiative). These grants must be requested as a new Futures Fund consistent with the criteria set forth in the Evaluation and Approval page, if the program/project initiative is to continue into FY 2004.
- Any individual can initiate an Opportunity Fund proposal. It is suggested that an individual wanting to submit a proposal consider doing it in two steps:
·
Complete a Opportunity
Fund Concept Paper.
The form for this Concept Paper is attached. The Concept Paper must be submitted to the responsible
Account Manager for comments/endorsement and then forwarded to the
appropriate Vice President. An
individual can disregard this first step and proceed with the step below,
if they so desire. However,
doing so may present the risk of devoting considerable time and effort to
a concept that does not have institutional support.
·
If the concept is approved by the Vice President, an
Opportunity Fund proposal would be developed. Please
note that a Opportunity Fund proposal must have a cost of $25,000 or more
per year. Opportunity
Funds are most critical to the success of the University. An extremely
important component of the Opportunity Fund proposal is the development of
a three-year Business
Plan. The Business Plan
provides a sound basis for the University to invest and provide the seed
money needed to pursue the creation and expansion of growth programs as
well as fostering high performance learning environments.
The proposal must also be submitted to the responsible Account
Manager for comments/endorsement and then forwarded to the appropriate
Vice President for consideration.
Opportunity Fund Concept Paper Format
Business Plan Format (link to template)
