Can You Get a Federal Grant for Your Business?

















For the most part, federal grants are given to organizations and non-profit
organizations to achieve specific societal and social aims.

This doesn't preclude them being used for business, but the best way to get federal
grant money in this fashion is to apply for the grant in partnership with a non-profit, so
that the non-profit can hire your company to do the work needed.

Exceptions to this are the Small Business Innovation Research (SBIR) programs, which
are designed to foster research from small companies into solving problems various
federal agencies want solved.

SBIR grants are research grants, for the most part. You have to demonstrate that you
have the capabilities to meet the problem. SBIR grants come in three phases – phase 1
grants tend to be small, around $100,000, and are there for people to make proposals to
win larger grant development processes.

From the SBIR program's perspective, it's better to spend for 20 phase 1 grants and sort
through the applicants for the phase 2grants, to finally award two or three phase 3
grants to, to take the concept on to implementation.

Most Small Business Innovation Research (SBIR) grants are given in technical fields,
such as military training and simulation, medical research, and ecological remediation.

Educational Grants

Other grants that can be had are educational grants, grants given to people of assorted
ethnic groups and grants given to women starting small businesses. There are several
grant giving agencies listed on the Internet, and, as always, a little library time can pay
off for you.

Project Grants

Project grants are a category of grant given for the completion of a specific project. This
is good for covering project development costs, but not the overhead of running a
business – still, if you're looking to supplement the income stream of your business,
project grants are a good way to go about it.

Federal money for other functions related to business can be searched for at
Government Benefits .

As you read up on individual grant programs, keep an eye peeled for restrictions on
what you can use the funds for. You will have to provide an accounting of how the
money was spent, and on what.

Make sure you take advantage of all of the grant programs the federal government
offers. If these grant sources aren't used, they will disappear.

The first place to look for federal grants is the government, which provides the largest
number of grants to businesses and other organizations.

An excellent and comprehensive place to begin your search for a federal grant is the
Catalog of Federal Domestic Assistance, or CFDA. This catalog offers 15 different types
of federal domestic assistance, including formula grants and project grants.

The
governments catalogue of Federal domestic assistance is a good free source of
how to apply.

The Application for Federal Assistance , standard form 424, is what you will usually
use, although certain agencies may have other forms you will need to fill out as well.
The CFDA also gives help with writing the grant itself, and explains all the parts of a
grant proposal.

You should also check out
Grants.gov . This website lists all types of federal grants
that the government offers. It offers a search engine that you can use to find grant
opportunities, and you can also download an application for writing a grant proposal
here as well.

In addition to the government, another place to look for grants is foundations and non-
profit organizations. There are a couple of great websites that offer a lot of information
about grants available through foundations and non-profits.

One is
The Foundation Center. One especially unique and useful feature ofthis site is a
listing, both in a book form and online version, of Foundation Grants to Individuals.
This lists, all in one place, grants for individuals rather than non-profit organizations.
There is a small subscription rate for the online service, and the book is available for
purchase.

This is only a brief overview of the Federal Grant system and how it can help you

About the Author: L. Edward helps people to start a business, get grant money, build, market
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