Empowering Women Entrepreneurs: A Guide to Business Grants for Women
In the United States alone, there are over 14 million women-owned businesses, making a significant impact on the economy. Despite this, women entrepreneurs often face unique challenges in securing funding and resources compared to their male counterparts. Business grants specifically targeting women can help bridge this gap, providing the financial support and resources necessary to drive growth and innovation.
Below, we’ve compiled a list of notable grants and resources available to women entrepreneurs, along with links to explore further. These grants are designed to make funding more accessible and reduce disparities, empowering women to elevate their businesses.
Notable Grants for Women Entrepreneurs
- Amber Grant
The Amber Grant provides $10,000 monthly to a selected woman entrepreneur, with an annual $25,000 grant awarded to one of the previous winners. The application process is simple, requiring applicants to share their business story and explain how they intend to use the funds.- Application Link: Amber Grant
- IFundWomen Grant
IFundWomen offers a universal application that connects women entrepreneurs with various grant opportunities from partnering brands and organizations. To date, the organization has awarded over $170 million in grants, helping women founders access the capital they need to grow their businesses.- Explore Grants: IFundWomen
- HerRise MicroGrant
For women entrepreneurs of color, the HerRise MicroGrant awards $1,000 monthly for business-related expenses. This grant specifically supports businesses with less than $1 million in revenue, aiming to help founders with operational costs and expansion needs.- More Info: HerRise MicroGrant
- Tory Burch Foundation Fellowship
Each year, the Tory Burch Foundation awards grants ranging from $10,000 to $20,000 to women of color entrepreneurs. Along with financial support, recipients gain access to valuable educational resources, helping them develop essential skills in finance, marketing, and business strategy.- Apply Here: Tory Burch Foundation Fellowship
- Women Founders Network Fast Pitch Competition
Designed for tech-focused businesses, this competition offers $55,000 in cash grants and over $100,000 in professional services to select women founders. Finalists also benefit from high-visibility pitch events and connections to potential investors.- Application Info: Women Founders Network
- NASE Growth Grant
For members of the National Association for the Self-Employed (NASE), the Growth Grant offers up to $4,000 to help with business expansion and operational costs. This is a fantastic opportunity for self-employed women seeking financial support to take their businesses to the next level.- Membership and Grant Info: NASE Growth Grant
Additional Resources for Women Entrepreneurs
Apart from the grants listed above, women entrepreneurs can find additional funding opportunities through these resources:
- Grants.gov: A federal platform featuring grants for a wide range of business needs, including research and development, workforce training, and small business innovation.
- Explore Federal Grants: Grants.gov
- Women’s Business Centers (WBCs): Sponsored by the Small Business Administration (SBA), WBCs offer business training, counseling, and access to capital to help women launch and scale their businesses. Find your nearest center to learn more about grant opportunities and other forms of support.
- Locate a WBC: SBA Women’s Business Centers
- SCORE Mentoring: SCORE offers free, expert mentorship and resources for entrepreneurs, helping with grant applications, business planning, and funding strategies. With a nationwide network of volunteer mentors, SCORE provides ongoing guidance to help business owners succeed.
- Find a Mentor: SCORE
Stay Informed and Take Action
The landscape of grants and funding opportunities for women entrepreneurs is constantly evolving. New programs and initiatives are introduced throughout the year, so staying informed about the latest opportunities is crucial. Consider setting up alerts for relevant grants, following organizations like IFundWomen on social media, and regularly visiting sites like Grants.gov.
Your Next Step: Apply Today!
These grants reflect a growing recognition of the importance of supporting women entrepreneurs. If you’re a woman in business, there are resources available that can help you overcome financial obstacles, expand your operations, and realize your vision. Don’t let the funding gap hold you back. Start by exploring these opportunities and taking that first step toward building the future you’ve envisioned.
Remember, you have the power to make a difference, not only for yourself but for the economy and community. The journey begins with one application—your dream deserves this chance.
