5 Best Woman-Owned Business Grants
5 Best Woman-Owned Business Grants to Boost Your Dream Venture
Starting or scaling a business often requires significant funding, and as a woman entrepreneur, accessing the right resources can make all the difference. Fortunately, several grants are specifically designed to empower women-owned businesses. Unlike loans, grants don’t need to be repaid, making them a golden opportunity for women entrepreneurs looking to grow their ventures without financial strain.
Here’s a rundown of five of the best grants for women-owned businesses:
1. Amber Grant for Women
The Amber Grant has been a beacon for women entrepreneurs since its inception in 1998. Each month, one woman-owned business receives $10,000, with an additional $25,000 awarded annually to one of the 12 monthly winners.
Who Can Apply?
Women who own or plan to start small businesses in the U.S. or Canada.
Why It’s Great:
The application process is straightforward, focusing on the story behind your business idea. It’s perfect for entrepreneurs with big dreams but limited time to navigate lengthy applications.
Website: Amber Grant
2. Cartier Women’s Initiative Awards
This prestigious international grant offers substantial financial support and global recognition. Winners receive $100,000 in grant funding, and second and third-place recipients earn $60,000 and $30,000, respectively.
Who Can Apply?
Women entrepreneurs worldwide leading impactful and innovative businesses.
Why It’s Great:
Beyond funding, recipients gain access to mentorship, networking, and media exposure—valuable assets for scaling globally.
Website: Cartier Women’s Initiative
3. Tory Burch Foundation Fellows Program
The Tory Burch Foundation Fellows Program provides a $5,000 grant, a year-long fellowship, and access to workshops and mentoring for women entrepreneurs.
Who Can Apply?
Women leading early-stage businesses in the U.S.
Why It’s Great:
The program is tailored to support growth and leadership development, helping women strengthen their business acumen while building a supportive network.
Website: Tory Burch Foundation
4. IFundWomen Universal Grant
IFundWomen is dedicated to supporting women entrepreneurs through various grants and a crowdfunding platform. The Universal Grant Program matches applicants with grants tailored to their specific industry and stage.
Who Can Apply?
Women entrepreneurs in any industry globally.
Why It’s Great:
This grant isn’t one-size-fits-all; it’s matched to your unique business needs, maximizing the chances of success.
Website: IFundWomen
5. Small Business Innovation Research (SBIR) Program
Though not exclusively for women, the SBIR program is an excellent resource for women in science, technology, and innovation. It provides funding to help small businesses research and develop cutting-edge products and technologies.
Who Can Apply?
U.S.-based small businesses, particularly those in STEM fields.
Why It’s Great:
With funding ranging from $50,000 to over $1 million, this grant offers unparalleled support for tech-focused entrepreneurs.
Website: SBIR
