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tability.ioWhat are Funding OKRs?
The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We've tailored a list of OKRs examples for Funding to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Funding OKRs examples
You will find in the next section many different Funding Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
OKRs to increase unrestricted funding to bolster organization sustainability
ObjectiveIncrease unrestricted funding to bolster organization sustainability
KRRaise 25% more unrestricted funds compared to previous quarter
Identify potential new donors for unrestricted funds- Enhance engagement with current donors
- Implement more effective fundraising strategies
- KRSecure three new unrestricted funding sources to diversify revenue by Q2
- Develop proposals for each target funder
- Identify potential new funders in untapped areas
- Submit proposals and follow up
- KRConduct 5 fundraising events focused on unrestricted funding with 100+ attendees each
- Develop and implement a robust marketing strategy to attract attendees
- Identify and secure venues which can accommodate 100+ attendees
- Determine potential themes for 5 distinctive fundraising events
OKRs to secure $1 million for the pre-seed funding round
- ObjectiveSecure $1 million for the pre-seed funding round
- KRIdentify and reach out to 50 potential investors by end of phase 1
- Initiate contact with each investor through personalized emails
- Research and locate contact information for identified investors
- Identify 50 potential investors using business directories or networking
- KRAchieve commitment for investment from minimum 50% met investors by final phase
- Negotiate and finalize investment commitments from participating investors
- Create a compelling presentation for potential investors
- Schedule and conduct regular meetings with interested investors
- KRSecure meetings with at least 25% of identified investors by phase 2
- Create a persuasive investment proposal
- Schedule and arrange meetings with identified investors
- Identify and research potential investors for pitching
OKRs to establish funding source for essential staffing positions
- ObjectiveEstablish funding source for essential staffing positions
- KRIncrease current budget allocation by 10% through cost-saving initiatives or adjustments
- Implement selected cost-saving strategies and budget adjustments
- Identify potential cost-saving initiatives within the organization
- Analyze current budget allocation for possible adjustments
- KRIdentify 3 potential funding sources by investigating industry benchmarks and competitors
- Research industry benchmarks for potential funding sources
- Analyze competitors' funding strategies and sources
- Compile a list of three potential funding sources
- KRSecure 1 new source of funding confirmed by signed contracts or agreements
- Get contract or agreement signed
- Identify prospective sources of funding
- Initiate contact and negotiate terms
OKRs to secure Seed funding
- ObjectiveBe on track for Seed funding
- KRReach $200k ARR
- KRShow a 3x year-on-year revenue growth
OKRs to raise 1 Million US Dollars as seed funding
- ObjectiveRaise 1 Million US Dollars as seed funding
- KRIdentify and pitch to 50 potential investors in targeted industries
- Create a comprehensive list of 50 potential investors in targeted industries
- Research each investor's interests, prioritizing those aligned with our company
- Develop and customize pitches tailored to each potential investor
- KRSecure commitments from 10 investors at an average of $100,000 each
- Schedule individual meetings to present pitch
- Identify 20 potential investors for initial outreach
- Prepare a persuasive investment pitch
- KRExecute fundraising events/campaigns generating $200,000 in total
- Organize high-donor events and peer-to-peer fundraising campaigns
- Implement donor stewardship plan to encourage repeat contributions
- Develop a comprehensive fundraising strategy targeting a $200,000 goal
OKRs to broaden funding base for non-profit organization
- ObjectiveBroaden funding base for non-profit organization
- KRSubmit 15 grant applications to charitable foundations to secure funding
- Draft and refine compelling grant applications
- Submit applications to targeted foundations
- Research foundations offering grants aligned with our cause
- KRIncrease monthly online donations by 20% through enhanced social media campaigns
- Develop new, engaging social media content to attract donors
- Analyze donation patterns to optimize posting times
- Promote online giving through targeted social media ads
- KRSecure funding from 5 new corporate sponsors by increasing outreach efforts
- Research potential corporate sponsors within relevant industry fields
- Schedule meetings to present funding pitches
- Draft tailored outreach proposals for each target sponsor
OKRs to determine sustainable funding requirements for existing programs
- ObjectiveDetermine sustainable funding requirements for existing programs
- KRPresent findings and implement changes for optimal sustainability by week 12
- KRChoose and analyze 3 programs to evaluate their funding sustainability by week 4
- Assess the sustainability of their funding by week 4
- Select three programs for evaluation
- Conduct an analysis of their funding sources
- KRDevelop a comprehensive funding structure for each of the selected programs by week 8
- Identify budget requirements for selected programs
- Research potential funding sources
- Draft comprehensive funding plan by week 8
OKRs to secure funding from three new investors
- ObjectiveIncrease investor funding
- KRSecure funding from at least three new investors
- KRCreate a compelling investment pitch
- KREstablish new relationships with potential investors
- KRSchedule and conduct meetings with interested investors
OKRs to strengthen collaboration and maximize the impact of public and private partnerships
- ObjectiveStrengthen collaboration and maximize the impact of public and private partnerships
- KRIncrease the number of public and private partnership agreements by 20%
- Initiate targeted outreach and networking efforts to engage potential public and private partners
- Develop a compelling proposal highlighting the benefits of collaboration to potential partners
- Streamline negotiation and agreement processes to ensure efficient and timely partnership agreements
- Research potential public and private partners aligned with our mission and values
- KRFoster trust and deepen relationships with partners through regular communication and engagement
- Schedule bi-weekly check-ins with partners to share updates and gather feedback
- Plan and host quarterly virtual events or webinars to facilitate networking and collaboration
- Offer regular performance reviews and acknowledgments to show partners their value and importance
- Share relevant industry news and resources with partners to foster knowledge exchange
- KRMeasure and enhance the effectiveness of partnerships by conducting quarterly evaluations and feedback sessions
- Analyze evaluation data and identify areas for improvement to enhance partnership effectiveness
- Implement action plans based on feedback and evaluation results to optimize partnerships
- Schedule and conduct quarterly feedback sessions with partners to gather their insights
- Develop a comprehensive evaluation framework to measure partnership effectiveness accurately
- KRSecure additional funding opportunities by leveraging existing partnerships and identifying new potential collaborators
- Review existing partnerships and identify any untapped funding opportunities
- Develop a strategic plan to leverage existing partnerships for securing additional funding
- Conduct research to identify potential new collaborators with relevant funding resources
- Build relationships with potential collaborators through networking events and communication channels
OKRs to secure Series A funding
- ObjectiveBe on track for Series A funding
- KRShow a 3x year-on-year revenue growth
- KRReach $1.5M ARR
How to write your own Funding OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
Funding OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to track your Funding OKRs
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Funding OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to increase client engagement through targeted sales promotion emails
- OKRs to align business operations towards 2030 strategic outcomes
- OKRs to enhance UI design principles and streamline asset creation process
- OKRs to improve communication by ensuring quarterly check-in with performance manager
- OKRs to establish indisputable proof of need
- OKRs to optimize server capacity planning