Grants for Alternative Startup Funding in 2023

What is available? What is involved in getting funded?

There are many federal grants available to small businesses in the United States, although they can be difficult to obtain.
What are the best practices when it comes to accessing this funding?
What is required of you once you are awarded a grant?
Generally, federal grants are awarded to businesses that are involved in research and development, scientific and technological innovation, or certain other areas of economic growth. Some of the most common federal grants available to small businesses include:

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants: These grants are intended to help small businesses develop new technologies and bring them to market. The amount of funding available can vary depending on the agency offering the grant, but typically ranges from $50,000 to $1 million.
Small Business Administration (SBA) grants: The SBA offers a variety of grants to small businesses, including grants for research and development, grants for exporting, and grants for minority-owned businesses. The amount of funding available can range from a few thousand dollars to several hundred thousand dollars.
Grants are highly competitive, and the application process can be complex and time-consuming. Additionally, most federal grants require businesses to provide matching funds or in-kind contributions, meaning that they will need to contribute their own resources to the project as well.

Dan Lilly, Small Business Innovation SBIR Advisor, will provide an overview of the grant program, including information on the program’s purpose, eligibility and sources of funding and ideas of what is necessary to succeed. Attend this interactive virtual program to learn more about the ins and outs of Government Grant funding.