We understand that finding funding is often one of the biggest hurdles for startups and expanding companies. Arrowhead Center has been actively exploring alternative funding options, and has identified several sources of funding for early-stage technologies, startups and expanding businesses, which are discussed in more detail below. While this is not a comprehensive list of all of the funding options available, it provides some options to consider beyond loans.
Draper Richards Kaplan Foundation
The Draper Richards Kaplan Foundation partners with entrepreneurs to build strong and capable organizations. We believe that multi-year, unrestricted grant funding is essential for an organization to plan properly, hire well, and focus on its mission. If a leader can build a strong organization from the beginning, the organization has a much better chance at scaled and sustainable impact. To that end, The Draper Richards Kaplan Foundation provides $300,000 in startup funding, paid over 3 years, to organizations that show extraordinary promise.
Deadline: Applications accepted continuously
Eileen Fisher Women-Owned Business Grant Program
The Eileen Fisher Women-Owned Business Grant Program was launched in 2004 and awards five grants annually. The program is open to 100% women owned businesses, and awards $125,000 to no more than ten recipients (the minimum grant amount is $12,500). Applicants must have innovative businesses with three years of financials and must offer products that “enhance the environment and/or the well-being of your community.”
Deadline: Check back in Spring 2015
Open Meadows Foundation
The Open Meadows Foundation seeks to promote gender/racial/economic justice. Applicants must be women and/or girls who “reflect the diversity of the community served by the project in both leadership and organization, promote building community power, and have limited financial access or have encountered obstacles in their search for funding.” Grants are made up to $2,000.00.
Deadline: February 15th and August 15th