Latest Small Business Scholarships for Women and Minority Business Owners

Women and ethnic minorities have faced many barriers in the business world over the years.

And many still face prejudice today. However, there are several running and one time grant programs which aims to support these entrepreneurs during their travels.

Here are several opportunities that may benefit today’s women and minority entrepreneurs.

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Amber Scholarship

The Amber Grant is Ongoing program that supports women-owned businesses through grant funding. WomensNet operates the program, which provides at least $30,000 per month, along with annual funding programs. To apply, women entrepreneurs simply submit their basic information online for a chance in all of the organization’s programs. Grant recipients are announced on the 23rd of every month.

Hello Alice Grants

Hello Alice is a financing resource for small businesses that runs Variety of grant programs with partner companies. Several opportunities run each season, and each has its own rules and eligibility criteria. However, many of them focus specifically on women, minorities, or other disadvantaged groups. The company also has an ongoing partnership with the NAACP and other community organizations to support black and minority-owned businesses.

IFundWomen العالمية Global Scholarship Application Database

IFundWomen is a charitable organization supports Companies owned by women and people of color. The organization collaborates with many companies and non-profit organizations throughout the year for various programs. In addition to their specific programmes, the organization offers a global application for the scholarship. This database stores your information so that you can quickly and easily send requests to all programs relevant to your business. You can even get alerts when new opportunities are released.

Small Business Quick Break

LegalZoom partners With the NBA, WNBA, and NBA G League to offer the Fast Break Small Business Scholarship Program. The initiative provides $3 million in grants and other support services to eligible businesses each year, with a particular focus on minority and underrepresented entrepreneurs. Each company can apply for grants of up to $10,000, plus help with business formation from LegalZoom. The 2022 funding round is closed, but the next round is due to take place in the 2022-23 NBA season.

Verizon Small Business Recovery Grants

Verizon is working with the National ACE for Show Verizon Small Business Digital Ready grants through LISC. National ACE is an organization that supports AAPI-owned businesses through grants and other support resources. Eligible companies have until November 30 to apply for this program. You must take two qualifying courses through National ACE to qualify. The organization also periodically offers other grant programs for companies owned by AAPI.

Ureeka PowerUp Scholarships

Ureeka’s PowerUp Provides Grants for small LatinX-owned businesses across California, Texas and New York. Eligible companies can apply for grants worth $5,000, along with training support and other resources. The last round of funding recently closed. But check out the website or sign up for updates to learn about future opportunities.

Cartier Women’s Initiative Award

The Cartier Women’s Initiative Award Program is an annual program supports Entrepreneurs. Launched in 2006, the program offers cash prizes to female-owned and female-run businesses around the world, in amounts of up to $100,000. In 2023, the company is adding more regional awards in Francophone countries in Sub-Saharan Africa and Oceania, along with the Diversity, Equality and Inclusion Award for promoting entrepreneurship in underserved communities. The latter will be open to people of all races.

Tory Burch Fellows Program

Tory Burch Foundation Offers Fellowship program to support early stage startups founded by women. In addition to the $5,000 grant awarded to fellows, the program includes mentorship and access to various educational resources. The 2023 Program is currently accepting applications through November 3rd; The next round officially begins in the summer of 2023.

The women who launch the scholarship program

Ladies who take off supports Women and non-binary business owners with grants and educational resources. Participants receive $10,000 in grants, a WBENC certification, access to a community of other entrepreneurs, and a six-month educational program. The next round of applications is set to open in January 2023.

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