Drafted a concept paper? It addresses your skills
and competencies, identifies the problem, sketches an attainable set
of outcomes at a reasonable cost, and establishes a reasonable timeline
for accomplishing the scope of work.
Preliminarily identified potential sponsors, based
on congruence ("fit") of sponsor's mission or philosophy with your
intended project?
Shared the draft concept paper with a knowledgeable
peer or faculty mentor, to obtain an objective critique?