Grants for Your Inventions and Prototypes

While it’s true that grant funding is available for inventions and prototypes, the question is whether there are grants that are a match for you.

Typically, investors will ask to see a prototype of your invention before product development. A prototype provides the necessary details about how your invention will function, along with the design aesthetics, marketability, and scalability. In short, your prototype gives an overview of how the customer will interact with your invention.

Most aspiring inventors seek angel investors or venture capitalists (VCs) to fund their inventions at the prototype development stage. However, that is unlikely to happen in most cases. Finding investors at the pre-prototype stage is very rare, which leads to the common quandary: How should aspiring inventors deal with the funding needs of building the prototype? 

Where Can You Find More Funding?

Grants are available for select inventions, depending largely on the applicant’s location and industry. In addition, funders are generally interested in inventions and startups that will improve lives and have a social or environmental impact. New grants are constantly released, but grant cycles are highly competitive. Below, are five grants for inventors that are currently available on GrantWatch.com.

5 Grants for Inventors

1. Grants to Alberta Inuit, Métis, and Non-Status Indian entrepreneurs for expanding a small business or funding a startup. 
2. Grants for innovators to save lives, reduce poverty, strengthen democracies, respond to climate change, or improve the lives of people.
3. New York start-up companies could qualify for seed grants starting at $25,000 and receive in-kind mentoring and business development consulting services. 
4. Eligible Alabama innovators can apply for grant awards to recognize impactful contributions to the local tech industry. 
5. Grants and investments to Kentucky businesses to develop renewable energy and alternative fuel services and products. 

Looking for more grants? With close to 8,000 grants currently available, GrantWatch.com is the leading grant listing directory. Discover verified funding opportunities for startups, entrepreneurs, and researchers.

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