Looking for extra cash to fund your side hustle or education? You might be surprised to learn that grants and scholarships are available for aspiring entrepreneurs and students with side gigs.
These opportunities can provide much-needed financial support to help you kickstart or grow your venture.
These lesser-known grants and scholarships are tailored for side hustlers and student entrepreneurs.
They could potentially secure you thousands of dollars in funding. Whether you’re running an online business, freelancing, or developing an innovative product, exploring these options could give your side hustle the boost it needs.
Let’s dive into some exciting opportunities you may not have considered before.
1) Amber Grant for Women Entrepreneurs
Are you a woman with a business dream? The Amber Grant might be your ticket to success.
Founded in 1998, this grant honors the memory of Amber Wigdahl, a young entrepreneur who passed away before realizing her business aspirations.
Every month, WomensNet awards at least $30,000 in Amber Grant money to women-owned businesses.
The best part? Applying is a breeze – you just need to share your passion and vision.
Don’t worry about sounding too corporate.
The judges are looking for heartfelt applications that showcase your entrepreneurial spirit.
Whether you’re starting a new venture or expanding an existing one, you’re eligible to apply.
Here’s the exciting part: monthly winners receive $10,000, and they’re automatically entered to win one of three annual $25,000 grants.
That’s a potential $35,000 boost for your business!
The application deadline rolls around every month, so you’ve got plenty of chances to throw your hat in the ring.
Winning an Amber Grant can also provide valuable exposure for your business, so it’s not just about the money.
2) FedEx Small Business Grant Contest
Looking for a financial boost for your small business? The FedEx Small Business Grant Contest might be your ticket to success.
This annual competition offers a chance to win substantial funding and support for your entrepreneurial dreams.
Since its inception, FedEx has given away $1.9 million to help small businesses thrive.
The contest typically awards grants to multiple winners each year, with a collective prize pool often exceeding $250,000.
To enter, you’ll need a FedEx account.
The application process usually involves sharing your business story and explaining how you’d use the grant money to grow your enterprise.
Winners receive more than just cash.
FedEx often provides additional perks like print and business services to help elevate your company’s profile.
The competition attracts thousands of applicants annually, so make sure your pitch stands out.
Consider creating a compelling video to showcase your business’s unique value proposition.
Keep an eye on the FedEx website for updates on entry details and timing for the next contest.
It’s an opportunity you won’t want to miss!
3) National Association for the Self-Employed (NASE) Growth Grants
Are you a self-employed entrepreneur looking for financial support? The National Association for the Self-Employed (NASE) offers Growth Grants of up to $4,000 for small business owners.
These grants can help you expand your operations, purchase new equipment, or invest in marketing.
Since 2006, NASE has awarded nearly $1,000,000 to its members through this program.
To be eligible, you need to be an NASE member.
Once you’ve joined, you can apply for a Growth Grant by logging into your account and following the application instructions.
The selection process is competitive, and grants are awarded at NASE’s discretion.
They may choose to award a higher or lower amount than requested, or make no awards at all.
NASE also offers Dependent Scholarships worth up to $3,000 for members’ children.
This can be a great way to support your family’s educational goals while you grow your business.
4) Tory Burch Foundation Fellows Program
Are you a woman entrepreneur looking to take your business to the next level? The Tory Burch Foundation Fellows Program might be just what you need.
This yearlong program selects 50 women entrepreneurs annually to participate in a transformative experience.
As a Fellow, you’ll receive a $5,000 education grant and access to no-interest loans.
This financial support can be a game-changer for your business growth.
But it’s not just about the money.
You’ll also gain access to a premier network of founders, instructors, and advisors.
This networking opportunity can open doors and provide invaluable insights for your entrepreneurial journey.
The program includes a year of digital education, helping you sharpen your business skills from the comfort of your home or office.
You’ll also have the chance to participate in the Fellows Lab, a mentorship event with industry leaders.
One of the highlights is a trip to New York City for a 3-day workshop.
Here, you’ll engage in intensive learning and networking sessions with like-minded entrepreneurs.
Applications for the 2025 Fellows Program open on September 24, 2024.
Mark your calendar and prepare to take your business to new heights with this incredible opportunity.
5) Halcyon Incubator Fellowships
Looking for a unique opportunity to jumpstart your social enterprise? The Halcyon Incubator Fellowships might be just what you need.
These fellowships are designed to support early-stage social entrepreneurs like you in turning your bold ideas into viable businesses.
As a Halcyon fellow, you’ll receive intensive support and mentorship to help grow your impact-driven venture.
The program offers a 14-week residency in Washington, DC, where you’ll live and work alongside other innovative thinkers.
The fellowship is completely free, with no fee or equity stake required.
You’ll also get training in business fundamentals, investment readiness, and leadership skills.
To be eligible, you must be at least 21 years old and fluent in English.
You should either already live in the U.S. or be able to obtain a visa for the residency period.
If you’re passionate about creating positive social change through entrepreneurship, don’t miss out on this opportunity.
The Halcyon Incubator Fellowship could provide the boost your side hustle needs to make a lasting impact.
6) Visa Everywhere Initiative
Looking for a chance to showcase your startup and potentially win funding? The Visa Everywhere Initiative might be just what you need.
This global competition challenges fintech startups to tackle pressing issues in the payments industry.
Since its launch in 2015, the program has attracted nearly 15,000 applicants from over 100 countries.
It’s not just about the competition – participants have collectively raised more than $48 billion in funding.
To be considered, you’ll need a relevant idea, a product in the market, proof of traction, and external funding.
The initiative looks for startups with solutions that align with Visa’s business and clients.
Winning could give your startup a significant boost.
You’ll gain exposure on a global platform and the opportunity to demonstrate your groundbreaking solutions to industry leaders.
This isn’t just a U.S. program, so startups from all over the world can participate.
If you’re ready to take your fintech startup to the next level, this could be your chance.
7) Jack Kent Cooke Foundation Scholarship
Looking for a substantial scholarship to fuel your academic dreams? The Jack Kent Cooke Foundation Scholarship might be your golden ticket.
This prestigious scholarship program is designed for high-achieving high school seniors with financial need.
It’s not just a one-time deal – recipients can receive up to $55,000 per year to cover their college expenses.
You’ll need to bring your A-game to qualify.
The foundation looks for students with a minimum unweighted GPA of 3.75.
But don’t let that intimidate you – they’re interested in more than just grades.
Financial need is a key factor too.
The foundation considers applicants with family annual gross incomes up to $95,000.
They’re committed to helping talented students who might otherwise struggle to afford college.
Planning to apply? Mark your calendar.
The application window typically runs from August to November.
Make sure you’re ready to enroll in a four-year college the following fall.
This scholarship isn’t just about money, either.
You’ll also receive college planning support, setting you up for success in your academic journey.
8) PepsiCo Foundation Community Impact Grants
Looking for a grant to support your community-focused side hustle? The PepsiCo Foundation offers Community Impact Grants that might be just what you need.
These grants aim to create sustainable solutions for critical socioeconomic issues.
If your side hustle aligns with their focus areas, you could be eligible for funding.
The PepsiCo Foundation awards grants to various organizations across the United States and Canada.
Grant amounts can vary, with some reaching up to $25,000.
Your project could qualify if it addresses food security, water security, or economic opportunity.
The foundation looks for innovative approaches that can make a lasting impact in communities.
To apply, you’ll need to demonstrate how your side hustle can create positive change.
Think about how your work aligns with the PepsiCo Foundation’s goals and be ready to showcase your project’s potential.
Keep in mind that competition for these grants can be fierce.
Make sure your application stands out by clearly explaining your project’s objectives and expected outcomes.
Understanding Side Hustle Grants
Side hustle grants can provide valuable financial support for your entrepreneurial endeavors.
These funds can help you turn your passion project into a thriving business without the burden of repayment.
What Are Side Hustle Grants?
Side hustle grants are financial awards given to individuals to support their part-time business ventures.
Unlike loans, these grants don’t need to be repaid.
They’re designed to help you kickstart or expand your side hustle.
Grants can range from a few hundred dollars to tens of thousands.
Some popular options include the FedEx Small Business Grant, which offers up to $50,000 for small businesses.
You can use these funds for various purposes:
- Purchasing equipment
- Marketing and advertising
- Hiring help
- Developing products or services
Remember, each grant has its own specific rules about how you can use the money.
Always read the fine print before applying.
Eligibility Criteria
To qualify for side hustle grants, you’ll need to meet certain criteria.
These can vary widely depending on the grant provider.
Common eligibility requirements include:
- Having a registered business
- Operating in a specific industry or sector
- Being located in a particular geographic area
- Meeting certain revenue thresholds
Some grants target specific groups, such as women, minorities, or veterans.
Others focus on innovative ideas or businesses with growth potential.
You’ll often need to provide:
- A detailed business plan
- Financial statements
- Proof of your business’s legal status
Be prepared to explain how you’ll use the grant money and how it will impact your business.
Many grantors want to see that their funds will make a significant difference in your side hustle’s success.
Scholarships for Entrepreneurs
Entrepreneurial students have unique opportunities to fund their education and business ventures.
These scholarships can provide financial support and recognition for your innovative ideas and entrepreneurial spirit.
Types of Entrepreneur Scholarships
Entrepreneurship scholarships come in various forms to suit different needs and goals.
Some focus on specific industries or technologies, while others are open to any business idea.
Merit-based scholarships reward academic excellence and entrepreneurial potential.
They often require high GPAs and demonstrations of leadership skills.
Innovation-focused awards look for groundbreaking ideas or solutions to real-world problems.
These might involve submitting a business plan or prototype.
Diversity-oriented scholarships aim to support underrepresented groups in entrepreneurship.
They may target specific demographics or backgrounds.
Some scholarships offer mentorship or networking opportunities along with financial aid.
These can be invaluable for young entrepreneurs building connections in their industry.
Application Process Tips
When applying for entrepreneurship scholarships, start by thoroughly researching eligibility criteria and deadlines.
Each scholarship has unique requirements, so pay close attention to details.
Craft a compelling personal statement highlighting your entrepreneurial journey and future goals.
Be specific about how the scholarship will impact your business plans.
Prepare a solid business plan or pitch if required.
This should clearly outline your idea, market analysis, and financial projections.
Gather strong letters of recommendation from mentors, teachers, or business contacts who can vouch for your entrepreneurial potential.
Showcase any previous business experience or relevant projects.
Even small ventures or side hustles can demonstrate your initiative and skills.
Don’t forget to proofread all application materials carefully.
A polished, error-free submission can set you apart from other applicants.
Frequently Asked Questions
Securing funding for side hustles and uncovering unique scholarship opportunities can be challenging.
Let’s explore some creative strategies and lesser-known options to help you maximize your chances of success.
How can students find high-paying side hustles that fit their busy schedules?
Look for flexible gigs that align with your skills.
Tutoring, freelance writing, or virtual assistance often pay well and allow you to set your own hours.
Consider starting an online business that you can manage between classes.
What are the quirkiest scholarships available for application in 2024?
Some unusual options include scholarships for left-handed students, duck calling champions, and Klingon language speakers.
Research niche interests and hobbies to find scholarships that match your unique traits.
Where can high school students look for legitimate side hustles?
Check local businesses for part-time positions.
Babysitting, lawn care, and pet sitting are classic options.
You can also explore online platforms for teen-friendly gigs like content creation or social media management.
Are there any scholarships out there that don’t require an essay and are they trustworthy?
Yes, some scholarships rely on short answers or other criteria instead of essays.
The U.S. News Scholarship Finder can help you locate these opportunities.
While they can be legitimate, always verify the scholarship provider’s credibility.
What strategies can students use to uncover the most overlooked scholarships?
Focus on local and industry-specific scholarships.
Check with your school’s financial aid office, community organizations, and professional associations in your field of study.
These often have less competition.
What’s the easiest way for a college student to land a scholarship with minimal effort?
No scholarship is truly effortless, but some require less work than others.
Look for no-essay scholarships or those with simple applications.
Set aside 20 minutes daily to search and apply consistently.