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Military Entrepreneur Challenge

Grants to USA Veterans and Military Spouses to Launch
or Expand a Nonprofit or Business During COVID-19

Agency Type:

Foundation / Corporation

Funding Source:

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StreetShares Foundation and Samuel Adams Brewing

Deadline Date:

05/29/21 Midnight ET

Description:

Request a Grant Writer

Grants of up to $15,000 to USA veterans and military spouses to start or grow nonprofit organizations or small businesses during the Coronavirus (COVID-19) pandemic. Funding is intended to support low-income entrepreneurs who are developing innovative businesses with social impact during the crisis.

The StreetShares Foundation is committed to creating access to capital opportunities for military veteran and military spouses entrepreneurs who have been impacted by the economic downturn prompted by the pandemic crisis. 

Applications will be evaluated on the following:

  1. Social impact on the military community
  2. Personal story and business idea/potential
  3. What customer need are is being filled (product/market fit)
  4. The applicant's team and company history
  5. How the applicant plans to use the award and the potential impact

The non-profit or business entity will also be evaluated on its positive social, community, educational, military-transition, veterans’ employment, health & wellness, or veterans’ mental health/spiritual impact on the American military and veteran community in addition to or in conjunction with the business or nonprofit functions.

GrantWatch ID#:

GrantWatch ID#: 192100

Number of Grants:

Three - 1st place, 2nd place, 3rd place

Estimated Size of Grant:

1st Place: $15,000
2nd Place: $6,000
3rd Place: $4,000

Additional Eligibility Criteria:

Eligibility:
- Applicant must be a veteran, reserve or transitioning active duty member of any of the United States Armed Forces, a spouse of a military member or the child or immediate family member of a Military Member who died on active duty (i.e., a "Gold Star" family member)
- Applicant must be a U.S. person and at least 21 years old.
- Applicants must own at least 51% of the business entity described in the application. Business entities, as defined in these rules, include sole proprietorships, legally incorporated LLCs, S-Corps or C-Corps (or formal partnerships) created under the laws of any U.S. jurisdiction. If the Entrant is applying in conjunction with a nonprofit organization, the Entrant must be the organization's senior executive director or equivalent in order to be eligible for the grant.
- The grant funding awarded is approved for veterans and military spouses who are low-income or otherwise lack financial means and have a goal to start or grow an early-stage business or nonprofit venture.

Pre-Application Information:

Application deadline: May 29, 2021 at midnight ET.

- Qualified applicants will submit an application for the Military Entrepreneur Challenge by filming a simple pitch video and filling out the form on the application page. Applications without a video will not be evaluated. To be eligible, the Entrant’s video must be submitted through the Foundation website.
- The StreetShares Foundation will select 8-15 finalists
- Finalists are featured on the Foundation website for public vote
- The three entrepreneurs with the highest vote count are required to pitch their business at the StreetShares Foundation virtual Entrepreneurship Coaching event on June 17, 2021
- Entrants must register to attend the StreetShares Foundation’s Virtual Entrepreneurship Coaching event on June 17, 2021.

StreetShares Foundation’s Virtual Entrepreneurship Coaching event registration: https://streetsharesfoundation.org/events

Terms and Conditions: https://streetsharesfoundation.org/terms-and-conditions

Request to download the featured e-book: https://streetsharesfoundation.org/educational-content

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Application form can be found at the URL for Full Text below.

For questions regarding eligibility, please email foundation@streetshares.com

Online contact form: https://streetsharesfoundation.org/contact-us

Street Shares Foundation
1900 Campus Commons Dr., Suite 200
Reston, VA 20191

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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