FRL – Funding Readiness Level Use money wisely – and learn how to get it “I need a million – for what exactly? ...umm.”

FRL – Funding Readiness Level

Use money wisely – and learn how to get it

“I need a million – for what exactly? ...umm.”

What is the FRL?

The Funding Readiness Level shows how well prepared you are for external financing – from rough budget ideas (Level 1) to investor-ready pitches (Level 9).

FRL Stages at a Glance

FRL 1–2 Vague idea, no financial plan or numbers

FRL 3–4 Basic pitch deck, rough budget sketched

FRL 5–6 Grant applications, test pitches, clear funding needs

FRL 7–9 Investor-ready, metrics in place, business case validated

Key Elements

• Use of funds
• Milestone planning
• Capital needs / valuation
• Pitch deck, one-pager, elevator pitch

Do you know how much you need – and why?

→ Indicate your current FRL in the application – and describe what steps you plan to improve it.