To date, the biggest stumbling block to our projects’ forward progress has been acquiring the needed funds to purchase equipment and run the organization. In Colorado, we initially sought to raise over $30,000 in grant money to conduct Phase I. We were able to receive limited financial successes through grants from Wells Fargo and Target. While we applied for numerous local, regional, and national grants, our financial goals of $30,000 were far from realized.
Locating the organization to the East Coast will have a definite impact on how we might acquire grants, equipment, and operational funds. Grant money was hard to come by, and we learned from the experience. The Board of Directors has approved a new strategy that will allow us to conduct our Phase I Proof of Concept project on a ‘shoestring’ budget. I am purchasing the audio production gear necessary to will allow us to complete our proof of concept using personal funds, and loaning the equipment out to Global Z. The purchase of this gear is about 90% complete. Once all of the necessary gear has been secured, we can move forward with making the necessary connections that will allow us to get Phase I underway.
Through these successes, we hope to attract the funding necessary that will allow us to operate in the black for future years to come. 2017-2018 will undoubtedly be exciting years for Global Z!