Government Grants and Subsidies as a Source of Funding. Top 5 Grants for Startups

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Nowadays, there are many ways to raise the capital needed to develop your own startup, and depending on the specifics of your idea and the market you want to reach with it, budding entrepreneurs can join various organizations that support innovative businesses. One of these sources of funding is government grants and subsidies. Learn more about the main grants and what conditions your business must meet to receive them.

Government grants and subsidies – index:
Where to get free money?
Top 5 scholarships for startups
Summary
Where to get free money?
Grants or non-repayable financial aid that startups receive are one of the most sought-after sources of funding for budding entrepreneurs. Often referred to as free money, the funds offered through such programs allow australia whatsapp number database to gain a foothold in the market. Today, there are many types of grants that are offered by various types of public and private organizations. However, not every business can expect to enjoy the benefits of this type of support.

Startups wishing to receive assistance in the form of a grant must first prove the validity of their idea and meet a number of requirements. The list of conditions is drawn up based on the specifics of the industry and the nature of the startup itself. Thus, it becomes the task of the budding entrepreneur to present the potential of the new venture in the best possible light and convince the decision-making body of the uniqueness of the idea.

It is worth noting that in many cases, only certain types of businesses are eligible for support in the form of grants. More often than not, this group may include businesses that stand out as highly innovative, which also have a positive impact on the local community or the community as a whole, such as various ecological, scientific or technological projects.

Grant program providers focus on working with startups that they believe will make the most of the money they receive. That’s why it’s so important for startups to showcase their strengths and emphasize their high potential for rapid growth once they receive the necessary funding.

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Top 5 scholarships for startups
Visa Everywhere Initiative
Every year, Visa organizes an international competition for startups specializing in payment processing and various digital services. The global dimension of the event significantly increases the competition among applicants, but the high prize of $50,000 for the winning startup effectively motivates new businesses to give their best.

WomensNet Amber Bag
WomensNet supports and promotes women aspiring to establish their presence in the business world. Each year, WomensNet awards grants to startups run by female entrepreneurs. Each month, the organization awards a $10,000 grant to a different company, and at the end of the year, one of them has the chance to win a $25,000 Amber Grant.

Patagonia Corporate Scholarship Program
The company allocates 1% of its annual sales to support the development of environmentally friendly projects. The awards, which range from $5,000 to $20,000, are given to businesses that work to protect the local environment. At the same time, you can apply for the program through an appropriate invitation, which Patagonia generates after seeing the potential.

FedEx Small Business Grant Contest
FedEx offers grants to small businesses that have been in business for a while. Held annually, the competition gives one startup a chance to win a $50,000 grant. Additionally, the top 100 finalists also gain access to various resources along with free training.

Essentials Scholarship Program
The program is primarily designed for startups looking to improve education in local communities. In addition to regular funding, entrepreneurs who apply can expect to receive grants that allow them to test ideas, coaching, or training.

Summary
Startups seeking funding should also consider the wide range of programs offered by the state, the European Union and private entities, which are specifically designed to meet the basic needs of businesses in the early stages of development. Among other ways to acquire funds to start an innovative business, grants stand out because they are non-repayable. This is why the prospect of receiving free money is becoming so attractive to a growing number of startups.