Searching and applying for grants, pitch competitions and accelerators can be overwhelming if you do not develop a funding strategy and remain organized. Here are some key steps to follow when you are researching funding opportunities:
- Identify grants within your geographic region. It is not uncommon for various funding opportunities to be available at the local or state levels.
- Identify grant-awarding organizations that share the same values as your business. More than anything, you need your funding source to be aligned with your business’s mission and core values. By matching values, you are ensuring that your brand is not being compromised.
- Does the organization have a track record of supporting similar projects? If so, it could help your business get the assistance necessary.
- Develop a calendar of due dates. With so many opportunities, you will need to create a schedule as applications can be lengthy.
In this week’s edition of Finurah Funding Friday, we are featuring several grants that rely on unconventional application processes yet come with hefty awards.
Freelancing Females Grant
Women-owned businesses, freelancers and solopreneurs should apply for the Freelancing Females Grant program. Funded through a partnership with Women’s Net, eligible business owners can receive a $2,000 grant. Applicants must submit a short video on TikTok or IG Reels between June 2 and June 17. More information can be found here. Apply by June 17.
Famous Amos Ingredients for Success Entrepreneurs Initiative
Cookie brand Famous Amos is partnering with the National Black Chamber of Commerce to launch the second cycle of the Famous Amos Ingredients for Success Entrepreneurs Initiative. The program offers mentoring opportunities, business development resources and grants to entrepreneurs. All businesses will have the opportunity to participate in a pitch competition with three winners receiving $50,000 each. More information is available here. Apply by June 26.
Are you a woman entrepreneur looking for additional funding? Every month, Women’s Net sponsors the Amber Grants, honoring women entrepreneurs who are passionate about their businesses. Recipients will be awarded $10,000 each to support their business growth. In addition, the organization is offering a marketing grant, a business category grant and two $25,000 year-end grants. More information can be found here. Apply by June 30.
Kapitus Building Resilient Businesses Grant
Interested in sharing your passion and business story? The Kapitus Building Resilient Businesses Initiative was established to support entrepreneurs by providing funding and business development assistance. All you have to do is share a two-minute video about your business. The first-place winner will receive $100,000; second place, $50,000 and third place, $20,000. Businesses operating in Vermont and Colorado are not eligible to apply. For more information, visit here. Apply by June 30.