Business start-ups are failing due to lack of finance.
According to a survey of accountants conducted by Bloomsbury Professional, a leading tax and accounting information business, one of the main reasons why business start-ups fail is a lack of funds.
Despite government initiatives to increase lending and investment for small businesses, such as the Enterprise Finance Guarantee Scheme and StartUp Loans, the survey found that many new businesses are still unable to obtain the necessary funding.
So, if you’ve ever found yourself hoping for some extra cash, here’s an answer for you: “Small Business Grants”.
Small business grants are an excellent way to start your business, help it grow, or keep it afloat during difficult times – all without having to worry about repaying the money in the future.
Keeping in mind that grants come from a variety of sources, they are very highly competitive. It can take time to research and apply for the right grant. If you are not up to date on grant funding information, you will automatically miss out on grant deadlines that would have boosted your business hustle had you submitted your applications on time.
Grants.gov centralizes information from more than 1,000 government grant programs. It’s designed to help states and organizations find and apply for grants. Other than federal grant programs, we have other resources and platforms that provide information on additional grant funding programs that might be suitable for your business. The critical thing is to ensure that you are getting first-hand sources of information from the official funding company’s website.
Addy and Mark is dedicated to highlighting some of the most promising grant funding programs so that you can access the information and apply for some of these grants.
In today’s article, we’d like to highlight The USDA SBIR/STTR programs, (Small Business Innovation Research and Small Business Technology Transfer Programs). Are you a small business owner with a technological innovation idea? Then these kinds of programs might work out for you.
The USDA SBIR/STTR programs have awarded over 2000 research and development projects since 1983, allowing hundreds of small businesses to explore their technological potential and providing an incentive to profit from the commercialization of innovative ideas.
The USDA SBIR/STTR programs are designed to turn scientific discoveries into products and services with commercial and/or societal value. In contrast to fundamental research, the USDA SBIR/STTR programs assist small businesses in developing innovative, disruptive technologies and in bringing research advances to market. The STTR program’s goal is to promote technology transfer through formal collaborative R&D between small businesses and nonprofit research institutions. Please visit the USDA SBIR/STTR website for more information. These grant programs are still on and available until the 25th of October 2022.
Don’t forget to sign up for an Addy & Mark Business Registration Plan and get a chance to access this and many other highlighted grant programs, among other benefits!
Author: Albina Sifuma, Editor: Idee Strong, SEO: Jesus Navarro.
Disclaimer: This resource is for information purposes only. The company is not directly related to The Dope Million in any way. Always check your resources’ original website for updated information