Jul 29, 2024
What Is a Grant?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
A grant is funding to a startup to further the business but does not take equity nor must be paid back.
The government provides grants to startups to help commercialize the technology and foster economic growth.
Federal grants are given to startups to promote specific technology goals.
There are state and local grants to foster business development.
Research and development grants come in either an SBIR Small Business Innovation Research (SBIR) or STTR Small Business Technology Transfer Program (STTR).
These grants are structured in three phases:
Phase 1 -- feasibility study to determine commercial potential.
Phase 2 -- commercialization of the technology.
Phase 3 -- taking the product to market.
The SBIR and STTR are given by each department of the government, including:
Department of Agriculture
Department of Defense
Department of Energy
Department of Transportation
Environmental Protection Agency
Department of Homeland Security
National Aeronautics and Space Administration
National Institute of Health
National Science Foundation
National Institute of Standards and Technology
You can find specific information about grants from the US government at grants.gov.
Thank you for joining us for the Startup Funding
Espresso where we help startups and investors connect for
funding.
Let’s go startup something today.
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