3 customisable OKR examples for Funding Coordinator
What are Funding Coordinator 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 Coordinator 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.
Building your own Funding Coordinator OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable Funding Coordinator OKRs examples
You will find in the next section many different Funding Coordinator 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!
1. OKRs to secure $1 million for the pre-seed funding round
Secure $1 million for the pre-seed funding round
Identify 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
- Achieve 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
- Secure 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
2. OKRs to strengthen collaboration and maximize the impact of public and private partnerships
- Strengthen collaboration and maximize the impact of public and private partnerships
- Increase 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
- Foster 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
- Measure 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
- Secure 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
3. OKRs to successfully launch a spaceship destined for Mars
- Successfully launch a spaceship destined for Mars
- Conduct at least three successful test launches to validate spaceship readiness
- Develop a detailed launch testing protocol for the spaceship
- Document and analyze test results after each launch
- Execute the first successful spaceship test launch
- Secure necessary funding for spaceship development and mission expenses
- Research and identify potential investors or sponsors for funding
- Set up presentation meetings with potential sponsors
- Prepare an impactful spaceship development proposal
- Complete spaceship design and commence construction by obtaining all required permissions
- Initiate spaceship construction process
- Secure necessary construction permissions
- Finalize and approve spaceship design plans
Funding Coordinator OKR best practices to boost success
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
Tability's check-ins will save you hours and increase transparencyTip #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 turn your Funding Coordinator OKRs in a strategy map
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.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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 Coordinator OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to ensure timely submission of Financial Statements (FS)
- OKRs to secure guest posts for enhanced brand visibility and thought leadership
- OKRs to streamline implementation process for customers
- OKRs to minimize application downtime to improve performance
- OKRs to acquire advanced Data Science skills
- OKRs to increase the count of SQLs
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.