Women and racial minorities have faced many obstacles in the business world over the years.
And many still face inequality today. However, there are several ongoing and one-time grant programs that aim to support these entrepreneurs along their journey.
Here are several opportunities that can benefit today’s minority women and entrepreneurs.
The Amber Grant
The Amber Grant is an ongoing program that supports women-owned businesses through grants. WomensNet administers the program, which provides at least $30,000 per month, as well as annual funding programs. To apply, female entrepreneurs need only submit their basic information online for a chance to participate in all of the organization’s programs. Scholarship recipients are announced on the 23rd of each month.
Hello Alice Grants
Hello Alice is a small business funding resource that runs a variety of grant programs with partner companies. Various opportunities run each season, each with their own rules and eligibility criteria. However, many of them focus specifically on women, minorities or other underserved groups. The company also has an ongoing partnership with the NAACP and other community organizations to support Black and minority-owned businesses.
IFundWomen Universal Grants Application Database
IFundWomen is a charitable organization that supports businesses owned by women and people of color. The organization partners with several businesses and nonprofits throughout the year for various programs. In addition to their specific programs, the organization offers a universal grant application. This database stores your information so you can quickly and easily submit applications to all programs relevant to your business. You can even receive alerts when new opportunities are posted.
Quick Break for Small Business
LegalZoom partners with the NBA, WNBA, and NBA G League to offer the Fast Break for Small Business grant program. The initiative provides $3 million annually in grants and other support services to eligible businesses, with a particular focus on minority and underrepresented entrepreneurs. Each business can apply for grants of up to $10,000, as well as start-up assistance from LegalZoom. The 2022 funding round has closed, but the next round is scheduled for the 2022-23 NBA season.
Verizon Small Business Recovery Grants
Verizon is working with National ACE to offer Verizon Small Business Digital Ready Grants through LISC. National ACE is an organization that supports AAPI-owned businesses through grants and other support resources. Eligible companies have until November 30 to apply for this program. You must complete two qualifying courses through National ACE to qualify. The organization also periodically offers other grant programs for AAPI-owned businesses.
Ureeka PowerUp Grants
Ureeka’s PowerUp program offers grants to LatinX-owned small businesses in California, Texas, and New York. Eligible businesses can apply for grants of $5,000, as well as coaching support and other resources. The last round of funding has recently closed. But check the website or sign up to receive updates to learn about future opportunities.
Cartier Women’s Initiative Award
Cartier’s Women’s Initiative Award program is an annual program that supports women entrepreneurs. Launched in 2006, the program offers monetary rewards to women-owned and women-led businesses around the world, with amounts up to $100,000. In 2023, the company is adding more regional awards in Francophone Sub-Saharan Africa and Oceania, as well as a Diversity, Equity and Inclusion award to promote entrepreneurship in underserved communities. It will be open to people of all genders.
Tory Burch Scholarship Program
The Tory Burch Foundation offers a scholarship program to support early-stage startups founded by women. In addition to the $5,000 grant awarded to scholars, the program includes mentoring and access to various educational resources. The 2023 program is currently accepting applications until November 3; the next round officially begins in the summer of 2023.
Ladies who start the grant program
Ladies Who Launch supports women and non-binary business owners with grants and educational resources. Participants receive $10,000 grants, WBENC certification, access to a community of fellow entrepreneurs, and a six-month educational program. The next round is expected to open applications in January 2023.
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