Grants are sums of money given to help further the goals of small businesses or individuals. They can be awarded by government entities or private businesses. Unlike a loan, grants do not need to be repaid.
Starting and growing a small business is a challenging yet rewarding endeavor, especially for women entrepreneurs. Access to funding can be a significant hurdle, but thankfully, there are several grants specifically designed to support women-owned businesses. In this post, we’ll explore the top women small business grants available in May 2024, providing you with the details you need to apply and increase your chances of securing essential funding.
The Amber Startup Grant, managed by WomensNet, targets businesses in the "idea phase" or those with minimal sales (less than $10,000). This grant is perfect for women entrepreneurs who are just starting and need initial funding to kickstart their ventures. Each month, one recipient wins a $10,000 grant, with the chance to compete for a $25,000 year-end grant.
The Amber Business and Nonprofit Grant also provided by WomensNet, supports a wide range of businesses, including nonprofits. Each month, one winner receives a $10,000 grant, and all monthly winners are eligible for a $25,000 year-end grant.
The Women Founders Network (WFN) hosts an annual Fast Pitch Competition for women entrepreneurs. This competition is divided into two tracks: Tech/Tech-enabled and Consumer/CPG/Other Non-Tech. Winners can receive up to $25,000 in cash grants, with a total of $55,000 awarded.
EmpowHer Grants support women who need early-stage business capital and advisory networks. Eligible businesses must address a social issue and have been operational for no more than three years. Grants up to $25,000 are available, and funds are provided as reimbursements for business expenses.
Securing a grant can be a game-changer for your small business. By applying for these top women-owned small business grants available in May 2024, you can access much-needed funding to grow and develop your enterprise. Remember to carefully review the eligibility requirements and application guidelines, and put forth a strong, compelling application. Good luck!
Looking for more grant opportunities? Grab Grants is your go-to resource for finding and applying for grants tailored to your business needs. With a comprehensive database and helpful guides, you can explore numerous funding options to support your entrepreneurial journey.
Browse Grab Grants to discover more grants and take the next step towards achieving your business goals!