Technology price tags have come down drastically in the last decade. But the challenge still lies in finding adequate money to successfully implement initial technology capital investments and ongoing maintenance activities.

The good news is that funding organizations are more likely to sponsor robust technology proposals. Grant organizations understand that technology touches every aspect of our modern lives.

The bad news is that throwing together a hardware and software list— based on wants — and calling it a proposal is no longer a viable option. Grants, especially technology grants, are based more on strategic objectives. You must have goals and an evaluation process that helps you measure your progress.

To increase your technology funding odds, heed the following five tips.

Technology is an Ongoing Cost

No technology proposal should be written as a one-time investment cost. As consumers, we understand that we'll have to replace our computers, phones, and cars at some point. It's the same in business.

Technology should be a standard budget item. Show funding sources that you can think long-term by including ongoing technology costs in your overhead account.