5 Small Business Grants for Women Entrepreneurs to Apply For
01 Aug 2024
5 Small Business Grants for Women Entrepreneurs to Apply For
If you're a woman entrepreneur seeking funding, grants offer a valuable opportunity as they don't require repayment. These grants, unlike loans or investments, provide free financial support with the goal of fostering businesses that align with the grant-giver's values. While the number of grants specifically for women has decreased, several notable programs remain dedicated to supporting female entrepreneurs.
The Amber Grant, established by WomensNet in memory of a young entrepreneur, awards $1,000 monthly to one woman-owned business and a $10,000 grant annually. The Cartier Women's Initiative Awards are available to women globally, offering personalized coaching, workshops, networking, and substantial prize money: $100,000 for seven laureates and $30,000 for 14 finalists. GrantsForWomen.org provides a comprehensive database of grants for women, including opportunities for for-profit businesses despite its focus on nonprofits. The Tory Burch Fellows program offers a $5,000 education grant, networking, and support from the Tory Burch Foundation to 50 selected women each year. Lastly, the Open Meadows Foundation supports women-led nonprofits with grants aimed at promoting gender, racial, and economic justice. While primarily for nonprofits, it’s worth exploring for those who meet the criteria.