• Co-Business Services LLC

Federal Business Grants In 2020: Get State Funding For Your Startup

Last Monday, we presented five business grants from the private sector that business owners like you should take advantage of to achieve your dreams. Here’s the article in case you missed it.

Small business funding are not limited to the private sector. If you have already exhausted the list we provided, worry not. You can also find grants from the federal government, and we have collated the top business grants where every business owner like you should apply.

1. Houston City Small Business Economic Relief Program

The program is for small businesses that are most in financial need and exhibit a moderate to high likelihood of surviving the pandemic's adverse impacts. The City also encourages local chambers of commerce to apply.

2. Small Business Innovation Research Program

The SBIR grant program is for entrepreneurs focused on technological innovations that have the potential for commercialization. Focus areas from 2017 include clean and safe water, homeland security, land revitalization, green construction, and advancement of health care. 

3. National Institute of Food and Agriculture

The NIFA is a federal agency within the USDA with a focus on leadership and funding programs. They offer grants throughout the year, which come with support and guidance. The NIFA supports research, education, and extension activities through three primary funding mechanisms: competitive grants, capacity grants, and non-competitive grants.

4. National Institute of Health (NIH) Grants

The NIH is the largest public funder of biomedical research in the world, investing more than $32 billion a year to enhance life, and reduce illness and disability. They offer business grants to small businesses developing and researching biomedical technology.

5. Small Business Technology Transfer Program

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are highly competitive programs that encourage domestic small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization. Through a competitive awards-based program, SBIR and STTR enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated, and the United States gains entrepreneurial spirit as it meets its specific research and development needs.

6. Women Veteran Entrepreneurship Training Program (WVETP)

This funding opportunity is from the U.S. Small Business Association, the only cabinet-level federal agency fully dedicated to small businesses and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses. This federal funding program is for current Veteran Federal Procurement Entrepreneur Training Program (VFPETP) recipient organizations only and offers an initial period of 12 months with an option of 2 option years of 12 months each.

There are numerous ways to secure business funding, from foundations to organizations of all sorts, the sky's the limit. Write down what you're looking for, don't settle, and soon you'll be resting easy knowing your business has the funding it needs.

Write to us and let us know if this article helped you. We are more than happy to assist you secure funding for your startup. Let us help you make your dreams a reality.

7 views0 comments

Recent Posts

See All