Many black female entrepreneurs face a limited access to venture capital and grants to help grow their businesses. This is troubling news as data shows that businesses with outside investing have a higher success rate than those without. Understanding this issue, we at Supplierty News have found a list of small business grants focused on providing black women entrepreneurs with the capital they need for business startup and expansion.
Cartier Women’s Initiative Award ($100,000 and $30,000)
The Cartier Women’s Initiative Award is an annual award for women-led (CEO, Gen manager or director), for-profit businesses at the early phase or 1 to 3 years in existence.
From 21 finalists, seven women entrepreneurs are awarded the first place grant of $100,000 each and personalized, one-on-one business mentoring.
The remaining 14 finalists get the second place award of $30,000 prize money and one year mentoring to support the business.
All 21 finalists get a scholarship to attend the INSEAD Social Entrepreneurship Executive Education Programme.
The eligible applicants must be 18 years of age or of legal age in her country at the end of the application period. Applications for the 2020 awards will be accepted in June 2019. A good command of English is required
The Halstead Grant ($7,500 cash award and $1,000 in merchandise)
The Halstead Grant is awarded to women entrepreneurs in the jewelry industry. The grant includes $7,500 for startup capital and $1,000 of jewelry supplies.
To be eligible, the business should be less than 3 years old. As part of the application process, applicants are required to answer questions regarding their business strategies and goals. The application deadline is August 1, 2019.
GIRLBOSS Foundation Grant
The GIRLBOSS Foundation Grant is worth $15,000 and is awarded twice a year to individual owners of for-profit businesses in design, music, fashion and the arts.
Eligible applicants must be United States citizens who are at least 18 years of old by the end of application submission. Organizations, companies or business entities are not eligible for the grant. Acceptance of applications is currently open.
The Amber Grant was established in honor of a 19-year-old lady named Amber who passed away without fulfilling her dream to be an entrepreneur. This grant of $1,000 is awarded to women entrepreneurs in any industry monthly. The 12 monthly winners get a chance to win a $10,000 grant for their business at the end of 2019.
To be eligible, applicants must be U.S. or Canadian citizens, 18 years of age by the end of applications submission on February 28, 2019 and pay a $15 application fee.
Open Meadows Foundation
The Open Meadows Foundation awards the $2,000 grant twice a year to women-backed organizations that focus on non-profit programs to benefit women and girls, have limited access to funding and operates at a budget below $75,000. Eligible applicants are small and startup organizations with tax-exempt status under 501C3 of the Internal Revenue Code (IRC). The deadline for grant proposals is 12:00 midnight EST on Feb. 15 and Aug. 15 for the spring and fall cycles respectively.