Grants for Women: What Every Female Entrepreneur Needs to Know
What Exactly is a Business Grant?
Grants are non-repayable funds that are disbursed by government departments, foundations, trusts, non-profit organizations, educational institutions, or sometimes even individuals. Typically, a grant proposal and an application must be filled out to qualify for a grant. And, the funds given as a grant can be used to grow the business, pay salaries, and all the needs associated with expanding growth, and covering current costs.
Why Do Women Need Specific Business Grants for Women?
With so many businesses now being started by women, many wonder why there are still programs to support female entrepreneurs. The answer lies in the fact that, although there are many successful businesses being launched by women, there still is gender discrimination, gender underestimation, and gender harassment. Combined, these issues affect many women, and collectively they are still considered disadvantaged and a minority group.
Grants for women, especially business grants for women, help to level the playing field by providing financial assistance that enables them to compete in today’s marketplace. The concept is not unlike that of affirmative action which has helped other minority groups.
Millions of dollars each year are dispersed to women as investments in their entrepreneurship, intellect, creativity, and talent. The organizations that offer small business grants for women are firmly in support of the idea that women are important contributors to the economy and can enrich the culture and society on a local, national, and even international level. Because grants for women have played such a pivotal role in so many women’s lives, there are more and more grant opportunities each year from a very wide variety of organizations, corporations, and government agencies.
Types of Grants for Women
Private Grants - This type of grant is typically funded by an individual or family who has a vested interest in promoting certain activities through their generosity. In some cases, there is a foundation set up to oversee the disbursement of grants and awards with an overseeing board of directors. Some of the most notable of these individuals who have set up private grant programs include Warren Buffet, Bill Gates, and Oprah Winfrey.
Corporate Grants - Companies also often have grant programs that are designed to help business owners. These grants are a form of public relations for the companies that give them away. Recognizable companies including Kelloggs, Microsoft, Ford, Cisco, General Electric, Boeing, and many other Fortune 500 corporations offer grants. As well, there are plenty of smaller companies that do, as well.
Professional Grants - Non-profits and universities provide grants to many individuals who are usually connected somehow to the organization. These can be particularly useful for women who have close affiliations with their alma mater or to a particular cause that they support. Two of the organizations that offer professional grants are the Susan G. Komen Breast Cancer Foundation, and the American Association of University Women (AAUW).
Where Do I Look to Find Grants for Women?
So you’ve decided that a grant may be a great way to help fund your new enterprise, and you’re not sure where to start your search. We take care of that for you. We find the grants, make sure they are a great match for you, and present you with a detailed assessment of the matches to your business. We have been doing this for 7 years, have professional staff, and have researched grants available. And we do a discrete search for you. We are very affordable with women start ups working with us regularly.