Grants and Venture Capital Funding Guide for Entrepreneurs of Color

Entrepreneurs of color are a powerful force for positive change. They drive economic development forward, especially in overlooked or underinvested communities. They create jobs, and they build wealth.

Yet, for all they do as a primary economic engine across the country, entrepreneurs of color often struggle. Many times, their businesses are less likely to have cash reserves or access to credit.

Funding to black startup founders in the U.S. has always been disproportionately low, while the availability of funding opportunities to Latinx entrepreneurs is even more sparse. Since the recent economic downturn, entrepreneurs of color are seeing an even steeper decrease in funding.

As a result, many funders are responding to this inequality by creating grant programs. These grants specifically support entrepreneurs who might not fit the demographic mold favored by most venture capitalists.

Currently, black founders receive roughly 3% of VC funding. So far in 2022, $100 million has been invested in Black-founded U.S. startups at the seed stage, $591 million at the early stage, and around $876 million at the later stage to 100 startups.

Every day, funders are entering the market place and entrepreneurs of color are beginning to see more funding opportunities available for their businesses.

You can find up-to-date funding opportunities on grant listing directories, such as Below, we’re sharing the latest grants currently accepting applications from entrepreneurs of color and other underserved minorities.

10 Grant Funding Opportunities for Entrepreneurs of Color

  1. Black and Latino entrepreneurs and CEOs are invited to participate in a business development program.
  2. In-kind support is available to underserved business owners to foster economic development
  3. Applications are now open to Black business owners for In-kind grants and the opportunity to participate in a business accelerator program.
  4. Grants are now available to BIPOC-owned small businesses for capacity-building initiatives.  
  5. Up to $10,000 and in-kind support is available to Black women entrepreneurs to support equal opportunities in business.
  6. Invitations are open to Black female business owners to apply for grants and in-kind services to foster growth in their businesses. 
  7. Grants of $2,500 are offered to entrepreneurs to support recovery after a natural disaster. 
  8. Entrepreneurs can apply for grants of $2,500 and in-kind services, to start or expand their business. 
  9. Students can apply for a grant of $2,500 and in-kind consultation services, to pursue entrepreneurial aspirations.
  10. Micro-grants of up to $500 and in-kind support, are open to women entrepreneurs to enhance business or organizational development.
Looking for more funding opportunities?

You can find more grants for the BIPOC (Black, Indigenous, People of Color) community at GrantWatch. However, it’s important to remember not to limit your options. There are also many grants available to entrepreneursstartupswomensmall businesses, and more! For more information, you can also visit the GrantWatch FAQ page.

Upgrade to a MemberPlus+ subscription to view the full grant details, including the eligibility criteria and application information. For more information, you can also visit the GrantWatch FAQ page. 

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