Girlboss Foundation Money Grants – Women-owned businesses find it challenging to qualify for conventional loans and funding opportunities. As per studies, female entrepreneurs face gender disparity when it comes to securing funding compared to male business owners. The Biz2Credits research states that the average loan size for female entrepreneurs is 31% less, unlike male counterparts. Fortunately, there are tons of small business grants available to female entrepreneurs funded by the government and private foundations.
One such grant is the Girlboss Foundation Grant which has become a beacon of hope for aspiring women with innovative business ideas. The foundation has empowered a lot of women to turn their entrepreneurial dreams into reality and created an everlasting impact in the business world. This guide will throw light on Girlboss Foundation money grants and the alternative business grants for women entrepreneurs.
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Highlights of this Post
What Is the Girlboss Foundation?
The Girlboss Foundation is a non-profit organization that provides resources and advice to aspiring entrepreneurs today. The foundation was founded in 2013 by founder Sophia Amoruso, who is also the CEO of Nasty Gal. Through the Girlboss Foundation, Sophia provides guidance and support to women who are starting their own businesses.
The Girlboss is a media company that deals with blogs, podcasts and offers other online content specially for female entrepreneurs. Apart from that they also provide a marketplace offering various opportunities for the women to excel in all kinds of industries.
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The organization also conducts yearly Girlboss Rally events that boost confidence of other girl bosses who are dreaming big. The Girlboss Rally is one of the best places where you can find like-minded women who have enormous business knowledge and experience. The foundation offers business grants to these women so that they are able to establish their business.
How Girlboss Foundation Has Helped Women?
The Girlboss Foundation has offered more than $15,000 biannual grants to the small businesses that need funding from 2014 to 2019. Apart from that they have also given away $130,000 grants in five years. A lot of business development has been created using the grant money and a lot of women have already benefited.
But Covid-19 has hit the Girlboss Foundation very hard and the company was sold. But it cannot be denied that Sophia has already helped a lot of female entrepreneurs so they are able to establish their business and meet their objectives.
From the year 2014 to 2019, the Girlboss Foundation has offered more than $130,000 to women entrepreneurs so that they can take the vital steps to flourish their business. They have provided funds to the women who are in different fields like art industries, fashion, design and music. The grant holder received around $15,000 in project funding and got featured on the Girlboss.com website.
What Were The Eligibility Requirements To Apply For The Girlboss Foundation Grant?
Girlboss Foundation offered the Girlboss Foundation Grant specially to the women entrepreneurs who are looking to excel their business in the fields of music, art, fashion, music and design. However, there were some specific eligibility requirements that applicants had to fulfill to qualify for the grant.
- Must be a citizen of the United States or a legal permanent resident
- Applicants must be at least 18 years old at the time of application
- Applicants must demonstrate financial need, business acumen, foresight, innovation and creativity in the specific field.
- Must show a realistic and comprehensive business budget, and action plan for the next 12 months.
- A detailed project proposal and a clear plan for how you want to utilize the grant.
The Girlboss Foundation grant was available to women business owners who worked in different fields such as music, art, fashion and design. The best thing about these grants is that they were not required to be repaid.
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Application Procedure For The Girlboss Foundation Grant
The Girlboss Foundation grant provided the much-needed financial support to women entrepreneurs. The foundation has given grants to women entrepreneurs who are at the forefront of making innovative moves in the fields of design, fashion, art and music. The application procedure of the grant is mentioned below.
- The first and foremost step to apply for this grant is to visit the official Girl Boss Foundation website to learn up-to-date and accurate information. The site will provide you comprehensive details on the eligibility requirements, application process etc.
- Applicants had to read the eligibility criteria and guidelines carefully to make sure their business project met all the requirements of the program.
- The next step required applicants to prepare their materials to fulfill the application procedure such as project proposal, business plan and other relevant documents.
- Applicants were required to complete the application procedure as per the instructions given by the Girlboss Foundation. They had to submit their application on time.
Once applicants were approved as a winner they got assistance up to $15,000 in project funding including an opportunity to get featured on Girlboss.com, the newsletter and social media platform.
There is no current information about how to apply for the Girl Boss Foundation Grant. You can sign up for the Girlboss network and newsletter to get access to the latest information.
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How Does The Girl Boss Foundation Grant Stands Out?
There are many reasons why the Girl Boss Foundation stands out from others. The foundation goes beyond to provide financial assistance to eligible female entrepreneurs. They provide networking benefits and mentoring opportunities to the recipients of the grant program and create a community of support and hope for women entrepreneurs.
The foundation plays a critical role in addressing the gender disparities existing in the business world and comes to the support of deserving women entrepreneurs. Through its grants and other services, the foundation has contributed to the growth and empowerment of female-led businesses.
The Girl Boss Foundation grant supports a wide array of business projects from women-led creative initiatives to innovative startup companies. From 2014 to 2019 the foundation provided yearly grants of $15,000 twice to eligible small businesses who needed funding.
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What Are The Other Top Female Business Grants To Consider?
Following is the list of best alternative programs for the Girl Boss Foundation grant that will help women entrepreneurs take their businesses to greater heights.
Grants.gov is a website that provides an online database of the grants that are offered by the government in various areas. However, remember that these grants are not only limited to women but anyone can apply for it.
Instead of providing direct financial support, this website helps in solving problems. The US federal government provides prizes for people who can solve active challenges.
These challenges are somewhat similar to funding rounds like America’s Seed Fund Startup Expo Competition. Signing up with Challenge.gov is an opportunity to get awarded for your hard work and innovation.
The Small Business Development Centers are funded by the U.S Small Business Administration. It is one of the best places to start your business especially when you are at an early stage.
However, you should remember that U.S Small Business Administration (SBA) does not provide any kind of grants to start up a new company but can help you with development grants and grant research.
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The Small Business Innovation Research And Small Business Technology Transfer Programs are overseen by the Small Business Administration. The programs offer grants to small businesses that contribute to federal research.
To qualify for the grants you need to make sure your business is a for-profit company with less than 500 employees. You can select from 12 federal departments including the U.S. Department of Agriculture statement of Defense, Department of Health and Human Services etc.
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WomansNet.com created the Amber grant in honor of a young woman Amber who passed away before fulfilling her entrepreneurial dreams. Amber Grant awards financial support of up to $4000 to 12 women-owned companies and businesses every month.
Among the 12 winners, a lucky business entrepreneur gets an additional support of $25,000. To apply for the grant you need to explain your business, pay an application fee of $15 and describe your business plans. The foundation looks for women with a passionate and compelling story.
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The Idea Café Grant is open to both women and men-owned businesses and provides assistance of up to $1000 for every recipient.
Even though it is easy to apply for the grant it is highly competitive to secure the grant award. If you’re confident that you have an innovative business idea that provides creative solutions to solve everyday problems you have a high chance of winning this grant.
The FedEx Small Business Grant is similar to the Idea Café Grant and is not exclusive to female-led businesses and both men and women-owned businesses are eligible to get awards from this grant.
The program chooses 10 winners and one lucky winner gets an opportunity to earn $25,000. The winners also access FedEx office print and copy services free of cost.
The eligibility criteria require businesses to be in operation for a minimum of six months and have more than 99 employees. Your company must not be a nonprofit, direct seller or franchise to apply for this grant.
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A grant award of $2000 is provided by the Open Meadows Foundation. The organization provides funding opportunities to women-owned small businesses having a budget of less than $75,000 annually.
Businesses with limited financial resources have a greater chance to win this financial award. You can apply for the Open Meadows Foundation Grant by filling out an online application and mailing it to the foundation along with other criteria.
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Another grant program that rewards both women and men-owned companies is the Visa Everywhere initiative. The grant is designed for fintech and startup companies and helps in solving the payment and commerce challenges.
The program awards assistance between $10,000 to $50,000 to the grant winner. You can apply for the program by visiting the official website and answering a few pertinent questions.
They also provide Woman’s Global Edition where two eligible women-owned companies get a grant of $100,000 for answering social impact and fintech challenges.
The Cartier Women’s Initiative Award is another award that supports the women entrepreneurs that are in the starting phase of any business.
However, the grant only provides awards to the profit companies that are between 1 to 3 years and must be run by women.
Top 21 finalists are selected depending on their projects from across seven regions. The winning prize money that is offered to the seven best recipients amounting to $100,000. However, the runner up will be getting around $30,000.
The Tory Burch Foundation runs different types of programs including networking opportunities, education and fellowship programs. The award offers a one year education program that helps the women to upskill their virtual worship and learn other business skills.
The recipients also have access to the online community of the Tory Burch Offices and view how to make a business successful. The best thing about the Tory Burch Foundation is that the eligible applicants are offered a $5,000 grant to complete their business education.
The National Association for The Self-Employed is another well-known grant competition. The winner was able to receive around $4000 from them to improve their business. To know more about this grant you need to visit here. However, you need to be a member to receive the benefits.
When you are looking for local grants then it is best for you to visit the local women’s business center. These business centers can help you with local grants to set up your small business and also help you in offering various marketing opportunities.
To get more detailed information it is recommended for you to talk to the local Chamber of Commerce to know about the grants and networking events that are happening in a specific region
Eileen Fisher
The Eileen Fisher Scholarship is another program that helps the women who run businesses. There are two grants that are currently in hold: Activating Leadership Grant and Women-Owned Business Grant. To apply for the Eileen FIsher women-owned business you need to visit their official website and get all the required details.
Excellent funding opportunities for women-owned businesses in the jewelry industry are provided through The Halstead Grant. This grant covers a new female jewelry designer running a company for a minimum of three years.
Eligible winners get a grant of $7500 including Halstead jewelry supplies worth $1000 and publicity within the jewelry industry. To qualify for this grant you need to answer a few questions about your business strategies and goals.
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37 Angels represent a group of female investors who help women-owned businesses to succeed. 37 Angels Grant comes along with an accelerator program and helps female-led businesses to grow and succeed.
Unlike other business grants, you need not formally apply for this grant. Instead, join the 37 Angels network and engage in their educational opportunities to find ways how you can grow your business. Eligible businesses receive working capital from 37 Angel grants and grow their business.
Are you looking for a woman-friendly funding opportunity? Then Grantsforwomen.org is the best place to look for grant funding. It is a database of your entrepreneurial dreams as this resource offers up-to-date and accurate information about available grants for women entrepreneurs.
You can find different types of grant opportunities here such as private, corporate and federal grants. Even though the grant options listed on the site are not geared towards women-led businesses only they address a wide array of interests and industries that are worth checking.
A lot of competition is hosted by the Women Founders Network each year to assist women business owners in sharpening their pitches to venture capital investors or Angel investors.
The competition provides cash assistance of up to $55,000 and networking opportunities to eligible female entrepreneurs. Around 10 lucky winners get an opportunity to get mentorship, one-on-one coaching, and other services through this competition.
The eligibility criteria require the founder, CEO or co-founder to be a woman or the company must be majority-owned by a female. Your business should be based in the United States and must fulfill other criteria.
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Conclusion
The Girlboss Foundation has been very effective in assisting female entrepreneurs. The foundation was the first initiative that influenced female entrepreneurs. The foundation is a testament to the power of female entrepreneurs’ dreams and their unwavering commitment to succeed. The objective of the foundation was to help women entrepreneurs to grow their businesses. However, COVID-19 hit the foundation very hard and the business was sold. Nonetheless you can apply for the other alternative small business grants for women that have been mentioned above in our guide and grow your business successfully.
You can also learn about Government Grants and Loans for Small business at our Get Government Grants’ blog section today. Our guide will help you in your difficult times and provide you the right support and guidance.
Frequently Asked Question
What Is The Main Aim Of The Girl Boss Foundation?
The main aim of Girl boss Foundation is to help out the business women who are at the starting phase and looking to grow their business. The best thing about the Girl boss Foundation is that they support all types of business including fashion, art, design etc.
How Has The Girl Boss Foundation Helped Women Entrepreneurs?
The Girl boss Foundation Helped eligible women entrepreneurs with grant funding up to $15,000. Apart from that the winners received tickets to Girl boss Rally, newsletter and other promoting tools. The grant was provided to applicants twice a year from 2014 to 2019.
Tags: amber grantgirlboss foundation grant applicationgirlboss foundation grant winnersgrants for womenifundwomen grantSmall Business Grants For Women
