Is Your Business Eligible for a Government Grant? It just might be. Here's how to win one at a local, state or federal level.
By Michelle Goodman •
Opinions expressed by Entrepreneur contributors are their own.
Nonprofits aren't the only businesses eligible for government grants. Since 2010, for-profit company Canopy Apps has received $2 million in National Institutes of Health (NIH) grants to develop translation technology for medical professionals working with patients who don't speak English.
Jerrit Tan, CEO of New York City-based Canopy, believes more entrepreneurs should take advantage of the billions of dollars in business grants offered by government agencies, which can buy a startup valuable R&D time and boost credibility.
"You're literally turning stacks of paper into money for your business," Tan says, referring to grant applications. "And the government usually does not take equity."