what's your take on startup grants?

Question

Fam! share your perspectives on taking startup grants. if you've applied for any, how did it go, and if you've got any grants, how did it help you.

Accepted Answer

Grants can be a great way to get seed funding without diluting equity, but the application process and reporting requirements can be a hassle. I'd recommend exploring accelerators and incubators too - the good ones provide funding, mentorship, and connections to help you grow faster. Shout if you want any recs!

Chandan Jadhav · Answer

@karl_mechkin that sounds great! grants do come with their strict rules, but the benefits outweigh everything and gives you a huge boost.

Karl Mechkin · Answer

We've got a grant from the incubation program for social impact entrepreneurs (Social Tides). It allowed us to formally incorporate and team up with a developer to make an MVP of our web application.

One of the main benefits of grants is that they don't dilute your ownership, but at the same time, they can have quite strict requirements for eligibility and reporting.

Chandan Jadhav · Answer

@brandonleemitchell wow! thanks for those insights, really provided me with a better perspective over the topic.

what's your take on startup grants?

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