External Funding Opportunities
EforALL Turning Dreams into Businesses
EforAll is offering an opportunity for Pitch Contests, which are lively 2-hour events that allow entrepreneurs to pitch their business ideas to a friendly audience and receive valuable feedback from experienced judges. Four cash prizes will be given ranging from $500-$1,000. This is an excellent opportunity to network, validate your business idea, and compete to win a cash prize.
MassVentures is offering two grant opportunities, which are currently accepting applications.
If you're a Massachusetts-based startup that has received an SBIR/STTR Phase II award within the last five years, you might be eligible for additional funding through the START program. START grants range from $100,000 to $500,000 and are designed to transform SBIR/STTR research into thriving Massachusetts businesses and jobs. Interested? The application window is now open!
MassVentures, in partnership with MassCEC, offers up to ten grants totaling $75,000 each through the Catalyst and DICES programs, aimed at advancing clean energy technologies in early-stage companies and research institutions in Massachusetts. The programs focus on technologies at TRL 2-4, with DICES specifically supporting women- or minority-owned startups. Applicants gain access to mentoring, market insights, and investor attraction support, with detailed eligibility and application processes outlined in the Catalyst RFP.
MassCEC Investments is a key climatetech investor in Massachusetts, focusing on early-stage companies with the potential to mitigate climate change. It offers venture capital and operational funding, mainly through its 2030 Fund, to support emerging climatetech innovations. This fund targets technologies, aiming to advance clean technology, create green jobs, and leverage private capital.
In addition to the 2030 Fund, MassCEC provides non-dilutive grants and support via its Technology to Market programs for local researchers and companies. Other funding opportunities include Catalyst and DICES, AmplifyMass, and InnovateMass programs, offering grants from $75,000 to $350,000. Catalyst and DICES have a deadline of March 14, 2024, while AmplifyMass and InnovateMass are accepting applications on a rolling basis, further supporting the growth of climatetech in Massachusetts.
LearnLaunch Fund Accelerator
LearnLaunch Accelerator's Breakthrough to Scale Program offers a comprehensive approach to scaling for edtech entrepreneurs. Eligible companies within specific stages can expect over $200K in investments, a 12-week blend of remote and Boston-based sessions, access to over 175 industry mentors, and introductions to investors. Prospective applicants are encouraged to attend an informational webinar to better understand the program’s offerings. With a decade of expertise, LearnLaunch Accelerator has nurtured 81 companies across 13 cohorts that have raised over $265 million in external funding.
2024 Cleantech Open Accelerator
The Cleantech Open Northeast team invites all startups in the cleantech industry to apply to the 2024 accelerator, where you’ll have the opportunity to engage in a business development program. Participants will benefit from expert mentorships, investor network opportunities, industry connections, and a chance to compete regionally and nationally for cash prizes and in-kind services to launch their startup.
The Equity Fund Grant- General
Explore the Equity Fund, presented by the Sustainable Business Network of Massachusetts, dedicated to empowering Black-owned businesses in Greater Boston. With a particular focus on entrepreneurs from Cambridge and Somerville, this initiative seeks to strengthen long-term racial and economic equity through grants and low-interest loans. The Equity Fund is set to provide initial technical assistance grants aimed at the development and sustainability of Black enterprises in Cambridge, Somerville, and the broader Greater Boston region. Dive into this opportunity to support and grow your business.
Power Forward Small Business Grant
The Power Forward Small Business Grant is targeted at black-owned small businesses that can showcase how they intend to use the grant to further their impact on their community. Approved applicants receive $25k in funding, along with the opportunity to be featured in natural programming and resources for both marketing and design. There is no deadline; rewards are granted on a rolling basis.
Seed Investments Program
Venture Lane | Connex
Procter & Gamble Ventures
P&G Ventures is an early stage startup studio within Procter & Gamble that partners with entrepreneurs to accelerate billion dollar ideas that improve consumers’ lives. Focus areas include nontoxic home and garden, women’s health, anti-aging, daily wellness, and cleaning/sanitizing.
Massachusetts Clean Energy Center Seed Investments
The Seed Investments Program is a two-stage investment program that provides up to $250,000 in convertible notes to pre-seed or seed-stage clean energy startups. The program exists to support companies as they advance and commercialize clean energy technologies and business models.Massachusetts-based applicants whose primary business fits the MassCEC definition of “clean energy” (defined in the MassCEC Enabling Legislation), and that are currently based in, or intend to relocate to Massachusetts, are eligible to apply.
.406 Ventures Fellowship
For: Undergraduate and graduate-student entrepreneurs
The .406 Ventures Student Fellowship is a two-year program for exceptional student entrepreneurs. Selected students are given access to mentorship from experienced venture capitalists, $20k+ in vendor credits, and a dedicated network of founders. Former fellows have gone on to IPOs, acquisitions, and top companies such as Google and Amazon. Please note that this fellowship is only for students who have already started a company or plan to within the next two years; students with a primary interest in Venture Capital should look elsewhere. To apply, you must have at least two years left at your current academic institution.
U.S. Deptartment of Health and Human Services ENACT Funding
For: University researchers in a range of disciplines, including data science, epidemiology, biochemistry, and more
Rapid diagnosis and treatment of infectious diseases are critical to both the patient and the broader community. Early Notification to Act, Control, and Treat (ENACT) partners with innovators to develop disruptive technologies that detect, prognosticate outcomes, and enable early intervention following exposures to both natural and man-made infectious threats.
P&G Venture Studio
Are you an inventor, entrepreneur, or startup founder interested in accessing the resources, networks, and knowledge of a multibillion-dollar company? If so, you may be interested in applying for a partnership with the Procter & Gamble studio. They are specifically interested in startups in the fields of chronic conditions, non-toxic home and garden, personal performance, male and female wellness, sleep, active aging, or menopause with patents or pathways for such.
They describe themselves as a different type of Venture Capital firm that is interested in a partnership rather than a traditional VC investment. Many of the details of said partnership are left up in the air and open for negotiation.
Women-led startups funded by Female Founders Club
NIH Innovation Grants to Nurture Initial Translational Efforts (IGNITE): Assay Development and Neurotherapeutic Agent Identification
Join iFundWomen if you are a Boston-area women-led startup to fundraise for your business and get your ideas launched.