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Often when starting a new business, people are in search of start up capital. Many believe that one potential source of funding are grants. However, the reality is that there are few grants available to start a business.
The Small Business Administration awards small business innovative grants, which are industry-specific and come from organizations like the National Institutes of Health, the Department of Education, the National Science Foundation and the Department of Agriculture.
These types of grants are very specific to existing small businesses that have a new technology or innovation that have large production needs.
Most grants are earmarked for organizations that provide support and mentoring to entrepreneurs, like the Small Business Administration. This being said, you may find some organizations that have a limited amount of grant opportunities available.
To find out who and what they fund visit www.grants.gov. Future and past grant awards are listed as may be the criteria and grant guidelines for specific organizations offering grants.
