EnrichHER, a platform that connects women and founders of color to capital, launched the EnrichHER Small Business Grant for $5,000. It is designed to boost various operations needs from purchasing new equipment to implementing a marketing campaign. The grant is now accepting applications from U.S.-based businesses owned by women and entrepreneurs of color.
Interested business owners can apply online at enrichher.com. The deadline is April 23. On May 14, EnrichHER will choose and announce a grant recipient.
“This is the 5th round of our business grant program and we couldn’t be more proud to offer another opportunity for women and founders of color to access funds that can help them reach their next milestone,” says Dr. Roshawnna Novellus, founder and CEO of EnrichHER. The company has funded over 160 companies with more than $14M dollars since launching in 2017. “Women own 40 percent of businesses in the U.S. but receive only 4 percent of business loans. Our mission is to change that. The EnrichHER grant program brings us closer to our goal of empowering women-led, Black-owned and POC-owned businesses through capital, coaching and community.”
Grant applicants will receive information on financing options as well as educational resources and webinars for business growth. They’ll also be able to access the EnrichHER newsletter. This provides subscribers with over $50,000 in grant opportunities, pitch competitions and more each week.
EnrichHER is a financial technology platform that matches revenue-generating companies led by women and founders of color to individual and institutional sources of funding. Since 2017, EnrichHER has deployed upwards of $4 million through its platform and matched business-owners to $13 million in working capital through its Accelerator. By providing capital, coaching and connections, it fuels the fastest-growing demographic of business owners. The network has engaged with over 23,000 advocates through its digital community and in-person activations.