Women and minority entrepreneurs often face additional challenges in starting and running their own businesses. Access to finance is often a major barrier to entry. But there are grant opportunities that aim to close these gaps.
The latest small business grants for women and minority entrepreneurs
Here are the latest small business grant opportunities for women and minority entrepreneurs.
Power Forward Small Business Grant
The Power Forward Small Business Grant program supports black-owned small businesses throughout New England. Vistaprint, the Boston Celtics Shamrock Foundation and partner NAACP to fund and manage the awards program. Eligible black companies with 1 to 25 employees can apply for grants of $ 25,000. This is a multi-round program, so prizes are awarded continuously.
Coalition to support black companies
The Coalition to Back Black Businesses is a community organization that works with various partners to fund grants and resources for small businesses. The coalition plans to distribute more than $ 14 million in grants and other resources over the next four years. Eligible companies can apply for grants of $ 5,000. And the winners also have access to mentoring and training, as well as the opportunity to apply for additional funding the following year. The annual program accepts applications each fall.
The Kitty Fund is a small business grant program specifically for mothers, named after the mother of the first CEO of Kim Folsom, Catherine “Kitty” Abrams Tadlock Webster. The program is open to parent-owned companies with two or more employees. This is an annual program. In 2022, the program will provide $ 500 grants to 50 companies.
Capital One Business Grant Program
Capital One and the Business Opportunity Association are partnering to launch the Capital One Business grant program. The program supports black-owned companies with $ 10,000 grants, along with free resources in the Capital One Business Hub. The program was officially launched this spring and will provide ongoing funding.
Climbing Challenge of the National Black MBA Association
The National Black MBA Association Scale-Up Pitch Challenge connects eligible startups with venture capitalists and investors. And the program also awards cash prizes to three finalists, with a grand prize of $ 50,000. This is an annual program. The 2022 contest has not yet started.
Asian women giving grants to the circle
The Asian Women Giving Circle is a network that raises and funds companies and projects led by Asian Women in New York City. To be eligible, projects must be related to art and culture or social awareness. Eligible companies can apply for $ 15,000 per project. The 2022 application cycle has already passed, but the program is repeated when additional funding is available.
Grants from the First Nations Development Institute
The First Nations Development Institute offers grants to Native American projects and organizations across the country. Since the program’s inception in 1993, the organization has provided $ 2,611 worth of $ 51.6 million. In addition to funding, grant recipients can access technical resources to support their development efforts.
Foundation Scholarships for a Fair Society.
The Foundation for a Fair Society offers a wide range of grants throughout the year. The organization supports businesses and initiatives in various regions, including the Southeastern United States and New York City. The goal is to create a fairer society by supporting ideas led by LGBTQI women and girls. Check the website frequently for current opportunities.
Sage Invest in Progress Grant
Sage’s Invest in Progress Fellowship supports black women entrepreneurs during their first five years in the business. This year, Sage partnered with the BOSS Impact Fund to create a three-year, $ 1.5 million grant fund. Organizations awarded 35 grants in 2022. And the fund offers annual opportunities.
Annual BIPOC grant for small businesses
Annuity Freedom created its BIPOC Small Business Grant program in response to the impact of the pandemic on BIPOC-owned businesses. They offer multiple grant opportunities, including marketing grants and micro-grants, which are awarded on an ongoing basis.
Black Founder Startup Scholarship
The SoGal Foundation and its partners run The Black Founder Startup Grant on an ongoing basis. The organization offers $ 10,000 grants to black and multiracial women and non-binary entrepreneurs. To qualify, founders must have a legally registered company and plan to seek investor financing.
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