Time has shown that women are seriously bred for entrepreneurship, especially in 2021. Receiving small business grants is essential to women entrepreneurs seeking to receive funds for their ideas. Many Government agencies are stepping forward to provide all women a greater opportunity to start a business. That’s not all, more private organizations and other non-profit agencies are spending more money on women pursuing their business ventures. The grants shown in this article apply to all kinds of businesswomen, so don’t feel frightened!
One thing to note is the high competition for these grants, women would have to act fast to receiving funding. Luckily, the grants listed are still accepting applications and are from the this year (2021). There are a couple of Government grants available including State and Local Grants. The remaining grants are from Federal Programs.
Government Grants For Women
The Government offers plenty of resources to women pursing business, including the Ascent platform. While many women are looking for funding before starting their business, Ascent helps women entrepreneurs learn the necessary skills to receive and maintain funding. This free learning platform proves to be a strong resource for any aspiring female entrepreneur. Some of the features of Ascent is exercises, expert chat, infrographics, real success stories, videos, and sel-assessments.
SBA’s Business Development Program
The U.S. Small Business Administration is now offering the 8(a) business development program. The benefits of this program include support for disadvantaged businesses, competition, opportunities, collaborations, and lots of training.
8(a) Program Qualifications
To qualify for the 8(a) business development program, you must abide the following checklist.
- Must be a small business
- Not have previously participated in the 8(a) program
- Be at least 51 percent owned and controlled by U.S. citizens who are socially and economically disadvantaged.
- Have a personal net worth of $750K or less, adjusted gross income of $350K or less, and $6 million or less in assets.
- Demonstrate good character and potential to perform on contracts.
State and Local Grants On Grants.gov
Grants.gov is one of the most popular databases for grants available for small businesses. While these funding opportunities are open to both male and female, many women are finding great support here. Female entrepreneurs are finding the Grants.gov mobile app very handy when looking for funds.
One of the many properties that offer many programs is the Catalog of Federal Domestic Assistance (CDFA). On the site, you will also be able to see which federal agencies award grants. The benefits of using Grants.gov include simple grant application processes, easier searches, and a secure way of leaving.
Small Business Grants for Women
Many private organizations offer specific opportunities for Women entrepreneurs. Typically, the private and some nonprofit programs offer more funds to more women. Below is a list of current 2021 small business grants for women. Apply to as many available grants as possible to increase your chances of receiving funds.
1. Dream Big Awards
The Dream Big Awards is an event that celebrates the best American small businesses. The awards are hosted by the U.S. Chamber of Commerce and one of the categories is the Women-Owned Business Achievement Award. The winner will receive a $25,000 cash prize, along with notoriety and resources.
The Business Achievement Awards include more than just women businesses, try your hand at any of these other business awards that also payout to women entrepreneurs. The other business achievement awards include Emerging Business Award, Green/Sustainable Business Award, Minority-Owned Business Award, LGBTQ-Owned Business Award, Veteran-Owned Business Award, Young Entrepreneur Award, and Community Support Award.
Apply For Dream Big Awards
To apply for any of these awards you must visit the website here. The following are the applicant qualifications for the best women owned award.
2. New Voices Fund
The New Voices Foundation is a resource utilized by many women entrepreneurs. The goal of New Voices is to provide capital and business tools to women of color seeking funds. The organization has over $100 million in funding to support loads of female business owners. To date, New Voices Foundation has invested more than 1.4 million in women entrepreneurs.
Recently, the foundation gave away $100,000 9 times to the best business pitches at a competition. This competition was the EssenceFest, in which you can learn how to enter the next contest. New Voices also attend more events to provide mentorship and more to aspiring female entrepreneurs. New Voices Fund has monthly opportunities so make sure you subscribe to their newsletter for the latest information on grants for women!
3. Amber Grant
The Amber Grant Foundation was made in 1998 in memory of a young women who died at 19 years old. The company behind this grant program is WomensNet, and they are giving away funds every month. They also have other grant opportunities for women entrepreneurs.
On their business grant website, they feature the monthly winners and bring more resources and traffic to their businesses. Right now, there is a $25,000 grant for women business owners who fit the certain requirements.
Apply For Amber Grant
Applying to this women entrepreneur grant is quick and simple. It will consist of explaining your dream to the staff instead of filling out a long application. This proves motivating for young aspiring women entrepreneurs.
4. Cartier Women’s Initiative Award
Cartier has been a known leader in the space of empowering women, and their awards they offer speak for themselves. From the Regional Awards that showcases 21 women who are entrepreneurs. The business grant extends to other parts of the world like Europe and Africa. The total pool prize amounts to $130,000 in grant funds.
On top of their yearly awards, they are now featuring the Science & Technology Pioneer Award in 2021. This award will be given to 3 women entrepreneurs who are innovating the technological and scientific space. The total amount of the business grants will equate to $160,000.
Apply For Cartier Grant
The Cartier Women’s Initiative is a partnership between a business school and the luxury brand. You can visit their website to apply for either the Regional Awards or the Science & Technology Pioneer Award. They are currently in high demand so act fast when applying for this women’s business grant.
5. 37 Angels
37 Angels is a top resource for women entrepreneurs looking for start up funds. This is because 37 Angels focuses on closing the gender gap in the business world. They also provide opportunities like pitching to a network of investors. This website is known to give results and updates to your application within 4 weeks.
The variety of business grants for women featured on this website proves it to be a popular place for aspiring entrepreneurs. Some current funding grants for women in July 2021 are 500 Women, Astia, Angel Academy, Built By Girls Ventures, Chloe Capital, Global Invest Her & lots more!
Apply For 37 Angels
To apply for the grants available through 37 angels, simply visit their website. They have a dedicated women’s business grant page so it’s quick to access and apply. They also offer different kinds of support for women entrepreneurs seeking guidance and more.
6. The Red Backpack Fund
On GlobalGiving, there is a fund called ‘The Red Backpack Fund’ that is rising in popularity among business women. This business grant for female entrepreneurs is backed by the famous Sara Blakely. Her foundation focuses on empowering women through their entrepreneurship journey.
The women business fund has already donated $5 million to supporting female business owners. The one thing that attracts many female entrepreneurs is the amount of grants they give out, a whopping 1,080 grants of $5,000 to each business owner.
Apply For The Red Backpack Fund
To apply for The Red Backpack Fund, you must be a majority women-owned business. Click on the button below to apply to this business grant for women.
7. IFundWomen Entrepreneur of the Year 2021
IFundWomen is a popular grant program platform where the institution gives out different sets of funds that are debt-free. The fund attracted many large companies like Adidas, American Express, Diageo, and more. Their most popular women’s business grant is the IFundWomen Entrepreneur of the Year 2021.
You may learn, apply, and pitch to big investors, with prizes including a $100,000 equity investment. Loads of scholarships will also be distributed and other money grants for starting businesses. The beauty about this grant is that it includes a team full of resources.
Apply For IFundWomen Grant
You must fit a certain criteria to receive some of the funding’s offered by IFundWomen. Click on the button to visit their official fund page!
These were the recommended 7 business grants for women available in July 2021. Hopefully, these will assist you in finding more funds for your business venture. Best of luck and reach out to LedByWomen when you need assistance in finding funds for women entrepreneurs.