Unlock Your Business Potential: The 10 Best Grants to Apply for in 2024
Starting and growing a small business often requires more than just a great idea and hard work—it requires capital. While loans and investments are popular options, grants offer a fantastic opportunity to receive funding without the need to repay. Here are the top 10 grants that small business owners should consider applying for in 2024 to help take their business to the next level.
1. Small Business Innovation Research (SBIR) Program
The SBIR Program provides funding for small businesses engaged in federal research and development. This competitive program encourages businesses to explore their technological potential and supports innovation.
Key Benefits:
- Non-dilutive funding
- Opportunities for commercialization
2. National Association for the Self-Employed (NASE) Growth Grants
The NASE offers grants up to $4,000 to help small businesses grow. Members of NASE can apply for these grants to finance marketing, advertising, and other business needs.
Key Benefits:
- Simple application process
- Membership benefits
3. FedEx Small Business Grant Contest
The FedEx Small Business Grant Contest awards grants to small businesses to help them with shipping and logistics needs. Winners can receive up to $50,000 in cash and FedEx services.
Key Benefits:
- Significant cash prizes
- Free FedEx services
4. Amber Grant for Women
The Amber Grant awards $10,000 every month to a woman-owned business. At the end of the year, one of the 12 monthly winners will receive an additional $25,000.
Key Benefits:
- - Specifically for women entrepreneurs
- Easy application
5. Comcast RISE Investment Fund
Comcast RISE supports small businesses owned by people of color and women. The program offers marketing consultations, media placements, and technology upgrades, as well as cash grants.
Key Benefits:
- Focus on diversity and inclusion
- Multiple support services
Application Deadline: Various deadlines throughout the year
6. Etsy Uplift Initiative
Etsy offers grants to creative entrepreneurs who use the platform. The Etsy Uplift Initiative provides funding to help artisans and makers scale their businesses.
Key Benefits:
- Supports creative businesses
- Assistance with business scaling
Application Deadline: Annually, dates vary
7. Visa Everywhere Initiative
The Visa Everywhere Initiative provides grants to tech startups and small businesses with innovative payment solutions. The program offers global exposure and up to $100,000 in funding.
Key Benefits:
- Significant funding opportunities
- Global exposure
Application Deadline: Annually, dates vary
8. Nav's "Legitify Your Small Business" Grant
Nav offers grants to small businesses to help them become more established through marketing, accounting, and other business services. Winners can receive up to $10,000.
Key Benefits:
- Supports business proof of concept
- Multiple business services
Application Deadline: Quarterly
9. Tory Burch Foundation Fellows Program
The Tory Burch Foundation offers grants to women entrepreneurs, providing access to education, mentoring, and networking opportunities. Fellows receive $5,000 and a trip to the Tory Burch offices.
Key Benefits:
- Focus on women entrepreneurs
- Mentorship and networking
Application Deadline: Opens in September
10. Grants.gov
Grants.gov is the go-to source for finding federal grants. It offers a comprehensive database of grant opportunities from various federal agencies.
Key Benefits:
- Access to numerous grant opportunities
- Comprehensive database
Application Deadline: Various deadlines throughout the year
How to Increase Your Chances of Winning a Grant
1. Research Thoroughly: Understand the requirements and objectives of each grant.
2. Tailor Your Application: Customize your application to align with the grant’s goals.
3. Highlight Your Unique Selling Points: Clearly articulate what makes your business stand out.
4. Proofread: Ensure your application is free of errors and clearly written.
5. Seek Professional Help: Consider hiring a grant writer to improve your chances of success.
Applying for grants can be a game-changer for your small business, providing the necessary funds to innovate, grow, and thrive. By taking advantage of these 10 grants in 2024, you can unlock new opportunities and propel your business to new heights. Start your application process today and secure the funding your business deserves.
Click here to get THE GRANT PACK from The Small Business Planner! The Grant Pack is the step-by-step guide to apply for and win small business grants!
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