10 Start-up Grants for Small Businesses You Need to Know About
Starting a small business can be daunting, especially when you consider all the expenses that come with it. If you’re a new entrepreneur, you may not have a huge budget to get your business started, which is why access to start-up grants can be critical. In this article, we’ll cover ten start-up grants that every small business owner should know about.
1. The Small Business Administration (SBA) – This is a great resource for small business owners. The SBA offers a variety of grants for new businesses, including the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These grant programs are specifically designed to promote technological innovation and small business growth.
2. National Association for the Self-Employed (NASE) – NASE offers a growth grant program specifically for small businesses. This grant program helps entrepreneurs with everything from marketing and advertising to new product development and employee training.
3. The Amber Grant – This grant program is specifically designed for women entrepreneurs. The Amber Grant offers $1,000 in funding to one woman entrepreneur every month. At the end of the year, one of the monthly winners receives an additional $9,000.
4. Venture Capital Grants – Venture capital firms may offer grants to small businesses that align with their investment interests. The grants may provide financial support, as well as guidance and mentorship from seasoned investors.
5. The FedEx Small Business Grant – FedEx offers a grant program for small businesses with less than 100 employees. The funding for this grant program ranges from $15,000 to $50,000.
6. Department of Agriculture (USDA) – The USDA offers grant programs for small businesses located in rural areas. The grants are designed to help these businesses create jobs and stimulate local economic growth.
7. The Rural Business Development Grant (RBDG) – This grant program is targeted towards entrepreneurs in rural areas. The RBDG provides funding to small businesses that help to improve the economy of the local community.
8. Idea Cafe Grants – Idea Cafe offers a variety of grant programs for small businesses. These grant programs provide financial support and mentorship to help entrepreneurs succeed.
9. National Institutes of Health (NIH) – The NIH offers grant programs for small businesses that are involved in biomedical research and development. These grants can help to fund new drug discovery and medical technologies.
10. National Science Foundation (NSF) – The NSF offers grant programs for small businesses that are engaged in scientific and technological research and development. These grants can help to fund innovative new technologies that have the potential to transform the marketplace.
In conclusion, starting a small business can be challenging, but accessing grants can provide the much-needed funding to get the business off the ground. The grants mentioned above are just a few of the many available to entrepreneurs looking to start a new business. By taking advantage of these grants, small business owners can get the resources they need to succeed.
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