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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