In the dynamic world of entrepreneurship, finding funding is often a crucial hurdle for startups. Oklahoma offers a variety of grants aimed at helping budding entrepreneurs secure the resources they need to bring their ideas to life. Understanding these grant opportunities can provide startups with essential funding to grow their business.
Many resources are available to support innovation and economic growth, including the Oklahoma Small Business Grants and various programs from the Oklahoma Department of Commerce. Each of these grants has different requirements and benefits, making it important for startups to explore their options.
The Oklahoma Catalyst Programs offer essential support to startups focused on science and technology. By leveraging the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, these initiatives help innovators launch and grow their businesses. Located at the University of Oklahoma, the programs benefit from a strong foundation in research and development.
Startups looking to improve their competitiveness in securing SBIR/STTR funding can benefit from the training offered by Oklahoma Catalyst Programs. Recognized experts like Tom Wavering provide guidance to maximize the chances of winning grants. Since their inception in 2017, they have supported over 100 startups, showcasing their substantial impact on the local startup ecosystem.
Additionally, the Tibbetts Award-winning Oklahoma Catalyst serves as the federal and state support organization for these programs. This recognition underlines the program's commitment to exemplary service and its impact on improving Oklahoma's performance in these grant initiatives.
For startups aiming to solve significant challenges with technology, the Oklahoma Catalyst Programs act as a crucial resource. Founders and entrepreneurs can find more detailed information on the programs available at the Oklahoma Department of Commerce. These resources can help startups navigate the path to securing essential grant funding.
The i2E Venture Assessment Program is a valuable resource for startups in Oklahoma. This program is designed to help entrepreneurs evaluate their business ideas and understand market demand. By doing so, startups can refine their concepts before fully developing products. This minimizes the risk of investing time and resources into ideas that might not succeed.
The program is especially beneficial for rural and Native American startups, providing tailored support to these communities. With a three-week curriculum, participants gain insights into the product-market fit and financial viability of their innovations. This approach helps startups make informed decisions about their future strategies.
Operating under i2E, Inc., the program has seen expansion with support from the U.S. Economic Development Administration. This expansion allows i2E to reach a broader audience, making their services accessible to more entrepreneurs throughout the state.
Additionally, i2E collaborates with several partners, including tribal nations such as the Cherokee and Choctaw. These partnerships enhance the program's reach and effectiveness, providing a strong support system for participating startups. Entrepreneurs seeking to grow their businesses can benefit from the resources and networks available through i2E's initiatives.
In summary, the i2E Venture Assessment Program offers Oklahoma startups a structured path to assess and develop their business ideas. Through market validation and targeted support, entrepreneurs can build stronger foundations for success.
The OCAST Seed Fund is an initiative focused on providing early-stage funding to startups in Oklahoma. It is managed by the Oklahoma Center for the Advancement of Science and Technology, which is dedicated to boosting the state's economic development through technology. This fund aims to support innovation and is a crucial part of Oklahoma's startup ecosystem.
Startups seeking financial support can benefit significantly from the fund, as it provides both seed and startup equity funding. This can be especially valuable for startups with concrete business plans looking to rapidly scale their operations. The fund acts as a catalyst, enabling companies to progress from the concept stage to fully developed products and services.
OCAST works in tandem with other programs, offering a comprehensive support system that includes networking and mentorship opportunities. These additional resources help entrepreneurs gain insights and connections vital to their growth strategies. Moreover, the partnership with private investors ensures that the funds are distributed effectively, maximizing impact.
To explore more about how this fund can help your startup grow, visit the OCAST Seed Capital Fund page. Additionally, you might consider investigating the Oklahoma Seed Capital Fund and Accelerate Oklahoma Fund for further opportunities in Oklahoma's funding landscape.
The Cherokee Nation Economic Development Trust Authority (CNEDTA) plays a vital role in boosting economic opportunities for Native Americans. CNEDTA offers grants to support small business growth and entrepreneurship within the Cherokee Nation. These grants are designed to help startups and existing businesses gain a foothold in the competitive market.
One of the key features of CNEDTA is its focus on providing financial resources to Native American businesses in northeast Oklahoma. This opens up opportunities for startups to access capital needed for expansion and innovation. Grants from CNEDTA aim to nurture the economic landscape by promoting new ventures and supporting existing ones.
The Small Business Assistance Center within CNEDTA provides essential resources for startups. They offer business coaching and development programs to help entrepreneurs navigate challenges. By leveraging these grants, startups can enhance their operations and increase their chances of success in a competitive market.
Beyond financial support, the authority promotes community development and works to empower Native American entrepreneurs with training and guidance. For those interested in exploring these opportunities, further details can be found on the Cherokee Nation Commerce Services website. This initiative lines up with the larger goal of stimulating economic growth within the community while preserving cultural heritage.
The Rise of the Rest Seed Fund targets startups in regions outside major startup hubs, providing opportunities in places that are often overlooked. This initiative is led by Steve Case and the team from Revolution. They focus on boosting local economies by investing in promising startups across America.
With a $300 million fund, they provide essential capital to early-stage companies. The Rise of the Rest initiative includes a bus tour where the delegation visits various U.S. cities, meeting with entrepreneurs and stakeholders. This approach not only offers financial support but also connects startups with valuable resources and networks.
Oklahoma startups should take note that this fund supports startup pitch competitions in cities such as Oklahoma City and Tulsa. Winners of these competitions can receive up to $100,000 in investment, helping them grow and scale their businesses.
With over 150 investments in more than 70 cities, this fund stands out as a significant player in the startup ecosystem. The focus on traditionally underserved areas helps nurture diverse ideas and innovations. By supporting local talent, they drive growth and development right where it matters.
For more details on Revolution's Rise of the Rest Seed Fund, visit their page to learn about their goals and how they can support your startup journey. Engaging with such initiatives can open doors to new possibilities and collaborations in the startup landscape.
The Tulsa Remote Program provides a unique grant opportunity for remote workers looking to move to Tulsa, Oklahoma. This program offers $10,000 to individuals who agree to relocate to Tulsa and remain in the city for at least one year.
To qualify, applicants must be at least 18 years old and have a full-time remote job outside of Oklahoma. Additionally, participants must be authorized to work in the United States and be able to relocate to Tulsa within a year after approval.
Besides the monetary incentive, the program provides access to various community support resources. Participants can connect with local mentors and attend free events, helping them integrate into the business community.
These grants open up opportunities for startups to consider expanding their operations in Tulsa. By attracting talented remote professionals, companies can tap into fresh perspectives and ideas.
For more details on the Tulsa Remote Program, visit their official website. More information about similar grant opportunities can also be found in this section listing Oklahoma Small Business Grants.
Utilizing these resources, startups can find new avenues for growth and innovation, harnessing the potential that a relocation might bring.
Thunder Launchpad Incubator is an initiative in Oklahoma that focuses on helping startups grow and succeed. Created through a partnership with StitchCrew, this program supports entrepreneurs by providing valuable resources and mentoring.
The incubator offers a 12-week program designed for startup founders. Participants benefit from business development workshops, networking opportunities, and access to industry experts. These resources equip founders to tackle challenges effectively.
A unique aspect of Thunder Launchpad is its connection with the Oklahoma City Thunder, a well-known NBA team. This backing not only brings credibility but also opens doors for partnerships and visibility in the business world.
For startups looking for a supportive environment to grow, the Thunder Launchpad is a significant option. It promotes a robust entrepreneurial ecosystem in Oklahoma, aiming to create meaningful change through innovation and collaboration.
More information about the Thunder Launchpad accelerator program can be found on their website, providing insights into past success stories and how to apply. This initiative represents Oklahoma's focus on fostering startup growth and business innovation.
The Innovative Course Offering Grant is designed specifically for startups. It aims to encourage fresh educational initiatives within the startup community. This grant can provide the funds necessary to develop new courses that drive engagement and knowledge.
Recipients of the grant can use it to cover costs related to designing and launching innovative courses. This can include hiring experts, purchasing software, or promoting the course to a wider audience.
Funding from the Innovative Course Offering Grant can significantly enhance a startup's ability to implement unique educational formats. These formats might focus on integrating technology or new teaching methods into traditional business practices.
Startups interested in this grant should demonstrate how their courses will benefit the broader entrepreneurial ecosystem. Clear objectives and measurable outcomes can strengthen applications. For more resources on funding opportunities, startups can explore the Entrepreneurship Resources by Oklahoma Department of Commerce.
Such grants not only provide financial support but also validate the potential impact of new educational offerings. By tapping into these resources, startups can expand their capabilities and positively influence their industry. Information on additional grant opportunities can also be found at 59 Oklahoma Entrepreneurs and Startups Grants which lists various grants available in Oklahoma.
The State Trade Expansion Program (STEP) Grants aim to help small businesses in Oklahoma develop their export strategies. Managed by the U.S. Small Business Administration, these grants provide financial assistance to cover costs related to entering and expanding international markets. This program is an excellent opportunity for local startups wanting to grow on a global scale.
Oklahoma's Department of Commerce is one of the awardees of STEP grants. Since 2020, Oklahoma has received over $1.7 million in funding. This initiative supports the ambition of small businesses across the state by offering financial resources and training to increase their international sales efforts.
Applicants interested in these grants must meet specific eligibility criteria. Information about deadlines and application processes can be found on the Small Business Administration’s STEP page. It is vital for startups to apply early to maximize their opportunities in gaining financial help through this program.
The funding can be used for various export activities. These include market research, trade show participation, and travel expenses related to international business development. For startups, leveraging such grants can offer a competitive edge in the global market, helping to establish a strong international presence.
This funding paves the way for new international partnerships and revenue streams. Startups should consider applying for these grants to reduce the financial burden of expanding into new markets. Taking advantage of STEP Grants can help catapult small businesses into new territories and is a crucial step in growing their brand internationally.
The Native American Business Incubator Program provides essential support to Native American entrepreneurs. This initiative helps startups with resources and guidance crucial for building thriving businesses. By offering mentorship and networking opportunities, it aims to empower Native American communities economically.
Participants can access funding options, technical assistance, and business development training. This program focuses on creating sustainable businesses that strengthen tribal economies. By fostering growth, it helps build a solid foundation for long-term success.
Recently, the Indian Business Incubator Program awarded $2.9 million to support entrepreneurs among American Indian and Alaska Native tribes. This funding assists in overcoming challenges that many startups face in their early stages.
For businesses in Oklahoma, initiatives like these are significant. They provide necessary tools and knowledge for Native American startups to compete in the wider market. The Chickasaw Nation, for example, has launched the Chickasaw Business Network's Apelachi Business Center to further assist First Americans with their entrepreneurial ambitions.
Engaging in these programs offers a chance to connect with other entrepreneurs and build a supportive network. For those looking to establish or expand their business in Oklahoma or beyond, the Native American Business Incubator Program is an invaluable resource.
Startup grants play a crucial role in helping new businesses establish themselves by providing financial support without the need for repayment. They offer entrepreneurs a chance to focus on innovation and growth. Key aspects such as their definition and who can apply are critical to grasp.
Startup grants are funds provided to new businesses, specifically aimed at promoting innovation and economic development. These grants do not require repayment, which distinguishes them from loans. They are often provided by government agencies, non-profits, or private organizations.
The main purpose of startup grants is to support entrepreneurs by offsetting initial costs such as research, development, and marketing. Entrepreneurs should explore options like the Oklahoma Small Business Grants, which offer substantial funding each year. Entrepreneurs can leverage these funds to expand their operations and reach new markets.
Eligibility criteria for startup grants can vary widely depending on the provider and the specific grant. Generally, startups must demonstrate a strong business plan, potential for growth, and alignment with the grant’s goals. This might include innovation in technology, sustainable practices, or job creation.
Applicants should also check specific requirements on official portals like Oklahoma Department of Commerce's entrepreneurship resources. Guided resources and local workshops often offer support to help startups prepare their applications and increase their chances of securing funding. Remember, each grant may have distinct deadlines and criteria that must be closely followed.
Applying for startup grants in Oklahoma can be challenging but rewarding. Proper preparation and understanding of common obstacles are crucial for success.
Startups should begin by collecting detailed information on the specific grants they are interested in. Each grant has its own eligibility criteria and deadlines, so paying attention to these details is essential. Create a checklist of required documents and deadlines to ensure nothing is missed. Understanding the purpose and goals of each grant can help align the application with the grant’s objectives.
Local resources, such as business development centers, can provide guidance. They often offer workshops and networking opportunities to help startups enhance their applications. Additionally, engaging with mentor programs or accelerators like gener8tor can offer valuable insights and support throughout the process.
One frequent challenge in the application process is the competition for funding. Many startups vie for limited funds, making it crucial to clearly demonstrate the business's potential impact and sustainability. Articulating a clear vision and mission can help the application stand out.
Another issue is the complexity of the application forms. Some startups may find the requirements daunting, leading to incomplete or poorly crafted submissions. It’s important to allocate ample time for each section of the application, revising and refining as needed. Leveraging available resources or hiring a consultant for guidance can prevent common pitfalls. For more details on entrepreneurship resources, visit the Oklahoma Department of Commerce's website.
Small businesses in Oklahoma have access to various grant opportunities. These grants assist companies affected by COVID-19 and offer special programs for minority-owned businesses. Resources can be found through local development centers.
Small businesses affected by COVID-19 can explore state-funded programs and additional support through local initiatives. Programs often aim to stabilize operations and aid in recovery. More details about these grants can be found through sources like the Oklahoma Innovation Expansion Program.
Minority-owned businesses in Oklahoma are eligible for specific grants designed to promote diversity and inclusion in the business community. Organizations such as the Oklahoma Minority Founders Accelerator provide targeted support and resources.
Oklahoma offers several free grant opportunities for startups. New founders can benefit from programs that focus on innovation and entrepreneur assistance. Exploring resources like the OCAST Seed Fund can be helpful for finding suitable grants.
To qualify for $10,000 grants, businesses generally need to demonstrate potential growth, community impact, and a solid business plan. Each grant program might have different criteria, so checking specific requirements from organizations like the Oklahoma Small Business Development Center is essential.
Applying for grants through the Oklahoma Small Business Development Center involves submitting an application form with detailed information about the business. It is vital to present a comprehensive plan that illustrates how the grant will be utilized to achieve business goals.
Securing a small business grant in Oklahoma typically involves steps such as researching available opportunities, preparing a solid proposal, and meeting specific eligibility criteria. Applicants are encouraged to seek guidance from programs like i2E Venture Assessment for preparation and submission.
Founder Exclusive Deal:
Up to 3,500 bonus and 3% cash-back on all card spend [3], 6 months off payroll, and 50% off bookkeeping for 6 months, free R&D credit
Get StartedFounder Exclusive Deal: Up to 3,500 bonus and 3% cash-back on all card spend [3], 6 months off payroll, and 50% off bookkeeping for 6 months, free R&D credit
*Every is not a bank. Banking services provided by Thread Bank, Member FDIC. The Every Visa Business Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.
For Every customers with deposit accounts on Thread Bank, your deposits qualify for up to a maximum of $2,500,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at go.thread.bank/sweepdisclosure and a list of program banks at go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions on the sweep program.”
**Terms and conditions apply to the Cashback rewards program. Cashback earned will be credited to your account daily. ATM transactions, the purchase of money orders or cash equivalents, and account funding made with your debit card are not eligible for Cashback. Please refer to the Rewards Terms and Conditions for more details. No minimum opening deposit or minimum balance required.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
[1]Yield is an annualized 4-week T-bill rate when held to maturity as of [08/21/24] [date must be within the last 7 days] . The rate shown is subject to price fluctuation and is net of fees. T-bills are purchased at a discount to par (par= $1,000), with the price being subject to market fluctuation. The amount of T-Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield. In general the bond market is volatile, and fixed income securities carry interest rate risk. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income securities also carry other risks, including inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties.
[2]Yield as of [08/21/24]. The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days. You should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. This and other information is found in the fund’s prospectus. Please read the prospectus before investing. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yields fluctuate and past performance is no guarantee of future results.
[3] Atomic Invest LLC (“Atomic”), through a clearing relationship with Pershing LLC (“Pershing”) offers a cash sweep program. Funds in transit to or from Program Banks are generally not FDIC-insured. The Sweep Program is administered by Pershing, LLC. Deposits at each Program Bank are insured by the FDIC up to $250,000 for each insurable capacity. Based on eligibility criteria, the two FDIC-insured programs (“Bank Deposit Programs”) offered are 1) Dreyfus Insured Deposits (DIDI) and 2) Liquid Insured Deposits. Funds deposited into each sweep program, in aggregate, are eligible for up to $2,500,000 of FDIC insurance. The sweep programs can be configured so that once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity at up to ten Program Banks), then the next Bank Deposit Program is initiated. Although certain types of accounts, such as trust accounts may be eligible for additional FDIC insurance based on the number of beneficiaries, funds will be allocated to each Program Bank in such a way that provides up to $250,000 of FDIC insurance for individual accounts and $250,000 of FDIC insurance for trust and other corporate account types, in each case per Program Bank. If clients elect to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through the Atomic Invest account may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of the Atomic Invest account, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see Pershing’s Terms and Conditions and the Atomic Invest Form ADV Part 2A.
Every, Inc. has an engagement with Atomic Invest, LLC (“Atomic Invest”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account. Investment advisory services are provided by Atomic Invest. Companies which are engaged by Atomic Invest receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Atomic Invest (i.e., exact payment will differ). Atomic Invest also shares a percentage of compensation received from margin interest and free cash interest earned by customers with Every, Inc.. Every, Inc. is not a client of Atomic Invest, but our engagement with Atomic invest gives us an incentive to refer you to Atomic Invest instead of another investment adviser. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Atomic Invest. This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic invest. Neither Atomic Invest nor Atomic Brokerage, LLC (FINRA registered broker-dealer and member of SIPC), nor any of their affiliates is a bank. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal.
Before investing, consider your investment objectives and the fees and expenses charged by Atomic Invest and/or Atomic Brokerage. Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client’s financial situation and do not include investments that clients may hold outside of Atomic Invest. For more details about Atomic Invest and/or Atomic Brokerage, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures. Custodial and clearing services are provided to Atomic Invest and Atomic Brokerage by Pershing LLC.
