The Antares REACH Grant Program, In collaboration with the Global Entrepreneurship Network (GEN), the Antares REACH Grant Program is on a mission to support small businesses by offering $20,000 grants.
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This program specifically targets businesses with a well-established product/market fit, a clear demand for growth capital, and ownership by historically underrepresented entrepreneurs.
This grant program, generously sponsored by Antares Capital, provides $20,000 grants to eligible small businesses, with a special emphasis on those led by historically underrepresented entrepreneurs.
In this article, we will delve into the details of the Antares REACH Grant Program, its eligibility criteria, and the exciting opportunities it presents for small business owners.
The Antares REACH Grant Program
The Antares REACH Grant Program is a beacon of hope for small businesses that have an established product/market fit and are poised for their next stage of growth.
The program aims to support businesses owned by historically underrepresented entrepreneurs, including individuals from diverse backgrounds such as women, people of color, military-affiliated personnel, persons with disabilities, and members of the LGBTQ+ community.
Emphasizing Community Impact
A key aspect that sets the Antares REACH Grant Program apart is its focus on businesses that provide essential community services.
By nurturing and empowering such enterprises, the program aims to foster a positive ripple effect, benefiting both the businesses and the communities they serve.
Eligibility Criteria
To be considered for the Antares REACH Grant Program, businesses must meet the following eligibility criteria:
1. Historically Underrepresented Ownership
The business must be majority (51%+) owned by individuals who identify with historically underrepresented groups (HUGs).
These groups include women, people of color, military-affiliated individuals, persons with disabilities, and members of the LGBTQ+ community.
2. Venture-Scalable or Venture-Viable Product/Service
Applicants must have a venture-scalable or venture-viable product or service, demonstrating the potential for growth and sustainability.
3. Minimum Revenue Threshold
The business should have generated a minimum of $25,000 USD in revenue in the year 2022.
4. Demonstrated Need for Growth Capital
Businesses must exhibit a clear need for funding to support their growth plans.
The Growth Track Program
A subset of grant recipients will have the opportunity to participate in Antares’ Growth Track program.
This digital community space will serve as a hub for monthly business coaching workshops, mentorship, networking, and other resources.
The Antares’ Growth Track program adds significant value to the grant, offering recipients valuable insights and support to accelerate their growth journey.
Application Timeline
Applications for the Antares REACH Grant Program is being accepted from July 17, 2023, at 9 a.m. ET to August 4, 2023, at 6 p.m. ET.
A committee will review the applications based on the outlined criteria in the terms and conditions. Successful recipients will be notified via email and publicly announced in October 2023.
Apply Now for the Antares REACH Grant
If your small business meets the eligibility criteria and is ready to take the next step in its growth journey, don’t miss this fantastic opportunity.
Apply now for the Antares REACH Grant and stand a chance to receive a $20,000 grant that can fuel your dreams and bring positive change to your community.
For more details and to access the application form, please visit the official website.