Are there any government grants for startups?
Member
sheldon
I am tight on cash but have an amazing idea for a startup. I would need to take out a loan but I am not in the best place financially. Are there any government grants that can help me out with something like this?
Yes! Actually, there are several. In terms of the best ones, check out this: https://www.finder.com/startup-grants
There are 9 options there that you can apply for this year. See what your options are!
I remember reading about Visa’s Everywhere Initiative but I didn't think it was a legit thing. That is cool you can get a boost from them through their banks. Worth looking into!
I was not aware of any. While there are some that fall under that category on that site in the link above, they are not true government grants. They are mainly offered by banks and companies.
alvis: I was not aware of any. While there are some that fall under that category on that site in the link above, they are not true government grants. They are mainly offered by banks and companies.
@alvis I would say some even fall under the competition style as well which is fine but true grants are grants. I don't know of any off the top of my head.
Is it possible to get a government grant for a startup?
I would have thought you'd need to show some profits otherwise the risk would be far too high.
kimberly: Is it possible to get a government grant for a startup?I would have thought you'd need to show some profits otherwise the risk would be far too high.
@kimberly That is what I was thinking. I think these kinds of grants, the ones mentioned above, deal more with government budget cuts and deals for businesses to give out tax free investments.
demarco: Yes! Actually, there are several. In terms of the best ones, check out this: https://www.finder.com/startup-grantsThere are 9 options there that you can apply for this year. See what your options are!
@demarco These are great options but I wouldn't consider them government related. Like mentioned, these are likely funded by companies through government benefits.
https://www.nav.com/resource/small-business-grants/
That is a list of grants for helping small businesses who have been struggling because of the virus. I am not able to find anything directly from the government but I think this is what you meant anyways.