Fund Your Dream
Self-Financing • Loans • Targeted Funding • Opportunities • Venture Capital • Grants
Think Outside the Box
Grants Almost no federal grant money is available to launch for-profit small businesses. However, some businesses engaged in scientific research and development (R&D) may qualify for federal grants under the Small Business Innovation Research and the Small Business Technology Transfer programs if their projects meet federal R&D objectives and have high potential for commercialization. To learn more, visit www.SBIR.gov. SBA has authority to make grants to non-profit and educational organizations in many of its counseling and training programs, but does not make grants to small businesses. Announcements of the counseling and training grants appear on www.grants.gov.
Some business grants may be available through state and local programs, nonprofit organizations or other groups. These grants do not necessarily represent “free” money; many require the recipient to match funds or combine the grant with other forms of financing such as a commercial loan. For information about grants available in Florida, visit www.floritdagranwatch.com.
Crowdfunding Crowdfunding is a way for private companies to solicit investors on the web and opens the door for anyone to become shareholders. As a result, the privilege of investing in startups, which was once available only to accredited investors, is now open to all.
SEC rules lay out the specifics of crowdfunding, including the paperwork required and limits on how much money an issuer can raise. By all means, investigate this potential funding source, but look to specialists at your local Florida SBDC office and elsewhere for guidance before committing to it.
Beware of Grant Scams
ALL government grants involve an application process, but never an application fee. And no legitimate federal agency will ever call to request a processing fee for a grant you’ve already been awarded or to pay for a list of grant-making institutions. The only official access point for all federal grant-making agencies is www.grants.gov. Anything else is a scam.