You can think of a project on Instrumentl as similar to a “saved search.” There are two types of projects on Instrumentl: a Matches & Tracking project and a Tracking Only project.
A Matches & Tracking project will provide you with both a tracker and funding opportunity matches. You'd select this type of project if you are seeking out new funding opportunities.
A Tracking Only project will just provide you with a grant tracker. You'd select this type of project if you are just looking to track grants and not seek out new funding opportunities.
For nonprofit organizations with distinct program areas, it can be helpful to map a project on Instrumentl to the different programs areas at your organization. On the other hand, if you have 1 main program area at your organization, or your program areas are pretty similar, than having just 1 project on Instrumentl can be sufficient.
For academic researchers, a “project” on Instrumentl could correspond to an actual research project you may be working on. However, if you don’t have a specific project in mind or would like to search a general topic area then you can also put in information that is as broad as you would like.