Externally-funded

Externally-funded refers to activities, projects, organizations, or initiatives that receive financial support from sources outside of their own core operations or internal revenue streams. This funding typically comes from governmental grants, philanthropic foundations, private donors, venture capitalists, or international organizations. It often indicates a dependency on external financial resources to operate, expand, or achieve specific objectives. The term implies a reliance on external entities for financial sustainability and the potential for influence based on the conditions or stipulations attached to the funding received. It is often used in contexts relating to research, non-profit organizations, and public services.

Externally-funded meaning with examples

• The new research project at the university is entirely externally-funded by a grant from the National Science Foundation. This allows the researchers to focus on their work without worrying about immediate financial pressures and to expand the scope of their project to include new areas of investigation. However, the terms of the funding impose certain reporting requirements.
• The non-profit organization provides critical services to the community, but its operations are entirely externally-funded. The organization actively pursues grants from various foundations to ensure the continuation of its programs, especially those supporting low-income families, and its capacity to hire adequate staff to run these services.
• The museum's special exhibition on ancient artifacts was made possible through an externally-funded donation from a private benefactor. This donation allowed the museum to acquire and display rare artifacts which would have been impossible without the substantial funding, allowing for a special exhibit beyond its means.
• The local government is launching an initiative to revitalize the downtown area, with a significant portion of the budget being externally-funded through state and federal programs. This funding allows them to address infrastructure challenges like parking and new development, which the municipality alone could not address.
• The startup company managed to secure a substantial amount of externally-funded capital from venture capitalists. This allowed them to accelerate their product development, marketing efforts, and expansion plans, giving them the resources to enter a highly competitive market and rapidly build the business.