Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Top 9 grants for startups

Find out how to fund your startup without paying interest on a loan.

Competition for business grants is fierce, but if you have a company dedicated to improving the lives of others and are committed to research, you may qualify for a grant from the US government, your local state or other organizations. Grants are hard to win and many require you to use the funds for a specific purpose. But with so many grants out there, with a bit of searching, you can find your business the free money it needs.

Getting a startup grant during COVID-19

Many of the big startup grant programs are still up and running. But startups established before March 2020 that are struggling due to COVID-19 might benefit more from local assistance program. Visit our page on coronavirus grants for businesses to learn more about your options.

Small Business Innovation Research (SBIR)

If you’re running a startup focused on research and development, you may be able to snag a grant from the SBIR. Overseen by the US Small Business Administration Office of Technology, this program focuses on small businesses that want to work directly with the federal government to create innovative technology.

To apply, submit a proposal complete with of a business plan, executive summary, estimated costs and a technical proposal. You can browse open solicitations on the SBIR site.

Small Business Technology Transfer (STTR)

Similar to the SBIR, the STTR is another federally-funded program that helps small businesses collaborate with nonprofit research institutions, universities or a Federal R&D center. Although highly competitive, a tech-focused startup looking to do good for the community could benefit from a STTR grant.

The solicitation and proposal process has many of the same requirements as the SBIR program. This is because both are run by the Small Business Administration (SBA) and work with many of the same federal agencies.

National Association for the Self-Employed (NASE)

The National Association for the Self-Employed has $4,000 offers its NASE growth grants to its members. Unlike many grants which outline a specific purpose, you can use your grant to cover anything your business needs to become more successful. However, you must be a member of NASE to apply. Your application should include an explanation of need and how your business will use the grant, demonstrate how the grant will improve your business and have supporting documents like a resume or business plan.


FedEx runs a yearly contest that awards 10 small businesses with a grant and business services. First place wins $25,000 in grant money plus $7,500 in FedEx print and business services. Second place wins $15,000 and $5,000 in print and business services. Third place has eight winners who are awarded $7,500 and $1,000 in print and business services.

You’ll need to provide short answers to a series of questions. For the 2018 competition, these included an elevator pitch that sets your business apart and an explanation of how your business would utilize the grant. After a voting period, top-ranking businesses go through a second round of applications.

Street Shares Foundation

Veteran-owned small businesses can benefit from a grant from Street Shares Foundation. Every month, three grants are awarded to businesses. Amounts are $15,000 for first place, $6,000 for second place and $4,000 for third place.

Applicants must be at least 21 years old and a veteran or active-duty member of the US Armed Forces. You must submit a two-minute video that describes the business, product and how your business will benefit from the grant.

Womens Net

Womens Net has been offering its Amber Grant to women-owned businesses since 1998. Each month, a business wins a small $1,000 grant and becomes eligible for a much larger $10,000 grant. The winner of the contest is determined by an online vote. At the end of the year, one of the monthly winners wins the grand prize.

The application is simple — provide your name, email, what your business does and how the grant would benefit your business. However, unlike many other grant options which are free to apply to, the Amber Grant has an application fee of $15.


Visa’s Everywhere Initiative is set to challenge startups to meet the needs of Visa and its partners. The 2018 challenge included questions that revolved around strengthening partnerships with merchants and customers, exploring how to create better access to digital payment systems and utilizing technology to tackle financial management and commerce.

This grant program functions more like the SBIR or STTR programs run by the federal government. Winning startups work with Visa to develop new technology and ways of conducting business.

Minority Business Development Agency (MBDA)

The Minority Business Development Agency (MBDA), part of the US Department of Commerce, has grants available for businesses owned by ethnic minorities. The award amount varies, but if your business qualifies, you could snag a grant to help expand your organization.

The process is much longer than other grant applications. It takes at least six months, but may be longer. Grant amounts vary, and your business must be registered with the MBDA to qualify.

Idea Cafe

Every year, a $1,000 grant is given to small business by Idea Cafe. While small, a handful of finalists will receive both the prize and $1,500 in advertising, on top of the free publicity received by competing for votes. This certainly won’t be your quickest way to grant money, nor your most lucrative. But if your business needs a small bit of money and a lot of talk, applying for an Idea Cafe grant may be a smart move.

Compare business loan options

While many lenders aren't open to startups you can compare top lenders that offer startup loans if your business doesn't qualify for a grant.




$5 million

Seek Business Capital




SBG Funding



$5 million

Guidant Financial




Sunwise Capital



$2 million

US Business Funding

Not stated


$2 million

My Solo 401k Financial


Fee based










Bottom line

Free money is out there for your business. While applying for grants can take valuable time, receiving a grant can make a difference in the day-to-day operations of your business — especially if you win a larger one or get access to free advertising.

If you’re unsure where to start or are wondering if your business is eligible, our overview of business grants could help. Or check out our article on expert advice for financing a startup.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

6 Responses

    Default Gravatar
    ChasityApril 22, 2019

    I want to start my own business and open bingo parlor up and need help getting started. Which is the best way to try and get some help for a grant to get it up n running?

      Avatarfinder Customer Care
      nikkiangcoApril 23, 2019Staff

      Hi Chasity,

      Thanks for getting in touch with Finder.

      While we are unable to give your specific recommendations on which grant may be right for your business, you can check out grants for startups above, from organizations that offer it or from other business grants that may offer financing options you don’t have to pay back.

      Generally, small business grants are not easy to find and qualify so you may have to do some more research on each of the organizations listed on our page to see whether or not your business may be eligible.

      Hope this helps and good luck on your venture!


    Default Gravatar
    TimothyJanuary 1, 2019

    Need a grant to startup my Go-cart and Sandrail company, to better my life and my family’s. Thank you!

      Avatarfinder Customer Care
      JoshuaJanuary 2, 2019Staff

      Hi Timothy,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Upon checking, I could see that you’re on the right page. Please review this page and check out the list of grants that we have gathered here. You can directly get in touch with your chosen grant provider by visiting their website or office. Alternatively, you may also want to explore personal loans for startup businesses.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    HaydudeSeptember 20, 2018

    I have a new Aire Cleansing Technology that erradicates up to 99.99% Ozone damaging gases and contaminants at the source. I am in need of a Grant to assist in filling for patent submission

      Avatarfinder Customer Care
      johnbasanesSeptember 21, 2018Staff

      Hi Haydude,

      Thank you for leaving a question.

      With regards to your grant request, you may need to approach any of the organizations stated below. It is highly advisable to create a grant request letter which you could submit to the organization for them to review your proposal. Hope this helps!

      Small Business Innovation Research (SBIR)
      Small Business Technology Transfer (STTR)
      FedEx Small Business Grant Contest
      Street Shares Foundation
      Amber Grant
      Visa Everywhere Initiative
      MBDA Grants
      Idea Cafe Grants


Go to site