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."
The rest of this article is locked.
Join Entrepreneur+ today for access.
Already have an account? Sign In