The Secret to Acquiring Business Grants

by: Michael Saunders

Since 2002, the federal government has been developing and implementing Grants.gov as a collaborative cross-government program focused on streamlining grants management for the Federal grant community.

Grants.gov is the one-stop-shop Website to apply for more than $400 billion in Federal grants.

Managed by the U.S. Department of Health and Human Services (HHS), Grants.gov is one of the 24 E-Government initiatives operating under the governance of the Office of Management and the Budget (OMB). The Website centralizes grant information and electronic submission for more than 1,000 grant programs across the Federal government.

Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right.

Business grants refer to a particular amount of money that is being granted by the government to a particular business. Some people may have thought of it as a “free financial support” from the government, but they are not. That is because there is an equivalent effort, time, and sweat entailed when requesting for grants.

Moreover, not all businesses can avail of business grants. Even if the government provides business grants to support businesses, certain qualifications are required prior to the approval of the business grants.

Primarily, your business should be a not-for-profit organization or it should include an expansion of a new knowledge or technology. If your business does not fall under these categories, you are not qualified for a business grant.

However, there are some instances that the government may award business grants if your business can prove that it can develop a new technology for economic advancement or if you can meet the requirements. You need to accomplish all the prerequisites at an agreed period to get the business grant. If in case you failed to meet the deadline, your request for a business grant will not be approved.

Secondly, your business should have a business plan. If you think you can qualify for business grants, you should consider having a business plan as well.

Getting the first stage of the application is just the start of your journey. You need to create a business plan in order to guarantee the government that you really intend to develop your business and help the economy. In this way, you can show them that your business aims to develop a knowledge that will boost the country’s economy.

What most unsuccessful businesses failed to realize is that business plans are extremely important when establishing a business. Statistical reports show that more than 85% of unsuccessful businesses do not have business plans.

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Did you know?

Applying at Grants.gov can reduce your costs and the time required to find government grant opportunities and process your application. The site provides access to multiple grantors and reduces paperwork.

By downloading a grant application package, you can view it offline, giving you the flexibility to complete the application when and where you want.

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The Secret to Acquiring Business Grants
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About The Author

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Government Grants for Women Owned Businesses and also edits HandsNet - A Human Services News Website.




Additional Government Grants Resources


Basic Cancer Research in Cancer Health Disparities Grant Program
The National Institutes of Health has partnered with the National Cancer Institute(NCI) in an effort to establish the Basic Cancer Research in Cancer Health Disparities Grant Program wherein both agencies seek to solicit applications from eligible investigators and researchers who are interested in conducting basic, mechanistic research concentrating on the biologic/genetic causes of cancer health disparities.


Health Resources and Services Administration: Teaching Health Center Graduate Medical Education (THCGME) Program
The THCGME program provides payments to cover the cost of brand-new residency and dentistry programs in various community-based and ambulatory primary health care settings, such as health centers.


National Institute of Food and Agriculture: Community Food Projects Competitive Grants Program
NIFA has recently constituted the Community Food Projects Competitive Grants Program (CFPCGP) wherein they plan to administer grants amounting to $5,000,000 to be utilized in funding the project.


HRSA: Reducing Loss to Follow-up after Failure to Pass Newborn Hearing Screening
Reducing to Loss of Follow-up after Failure to Pass Newborn Hearing Screening program enables eligible health care institutions to solicit funds by establishing project proposals that would greatly improve the number of infants receiving appropriate and timely follow-ups through the utilization of patient-centered interventions.


Planning Grants for Hubs of Interdisciplinary Research and Training in Global Environmental and Occupational Health Project
The National Institutes of Health has collaborated with the Centers for Disease Control and Prevention (CDC) to establish the Planning Grants for Hubs of Interdisciplinary Research and Training in Global Environmental and Occupational Health Project.


2012 Tuberous Sclerosis Complex Clinical Trial Award Program
In line with this mission, the United States Department of Defense has recently established the 2012 Tuberous Sclerosis Complex Clinical Trial Award Program in an attempt to financially support the studies regarding the promotion innovative research focused on decreasing the clinical impact of tuberous sclerosis complex (TSC).


National Institutes of Health: Expanding the Encyclopedia of DNA Elements in Human and Model Organisms
The National Institutes of Health, in cooperation with the National Human Genome Research Institute, has established a funding opportunity to support the Expanding the Encyclopedia of DNA Elements in Human and Model Organisms project.






The  Ministry of Social and Family Development in Singapore will launch a mentoring program for social enterprises this December.









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Edited by: Michael Saunders

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