Introduction

This lesson explores how to create a needs statement. Your statement of need is designed to highlight the problem your project addresses. An effectively crafted needs statement captures the grantor's attention by underlining the urgency and significance of your project.

In the video, we'll guide you through the process of creating a needs statement that precisely communicates the challenges faced by a sample Black-owned health tech startup.

Understanding the Needs Statement

A strong needs statement for a health tech startup should:

✅ Define the Problem: Clearly articulate the specific challenges your startup is addressing in the sector.

✅ Demonstrate Significance: Illustrate the importance of these challenges and their wider impact.

✅ Provide Evidence: Support your claims with relevant data and research.

✅ Highlight Your Organization's Role: Detail how your startup is uniquely equipped to address these challenges.

Conclusion

Incorporating these elements into your needs statement not only outlines the challenges your startup faces but also emphasizes the necessity for grantor support. This strategy presents your project as a compelling opportunity for grantors, highlighting its potential impact and your startup's distinctive capacity to effect change in your industry and community.