The Spark Grant: $5,000 in Funding for Founders Building Bold Businesses

Grant Overview

Fuel Your Vision with Non-Dilutive Grant Funding for Early-Stage Entrepreneurs

Donor: Sengo, Honeycomb Credit

About: The Spark Grant is a collaborative initiative by Sengo and Honeycomb Credit, designed to provide critical, non-dilutive funding to early-stage entrepreneurs who are building bold and impactful businesses. This program addresses the need for more equitable and accessible capital, offering a total of $5,000 to founders who are making a difference in their communities. It’s an ideal opportunity for a startup looking for seed capital without surrendering equity. The grant aims to empower founders to focus on their vision by providing financial resources with no strings attached.

At its core, The Spark Grant is fueled by two mission-driven platforms dedicated to supporting entrepreneurs. This initiative is particularly beneficial for those seeking small business funding to overcome initial hurdles. Sengo provides a comprehensive ecosystem for founders, offering tactical resources, fundraising tools, and a strong community network. Honeycomb Credit, on the other hand, is a pioneering investment platform that enables communities to invest directly in local businesses, having facilitated over $26 million in community capital. This partnership creates a powerful support system for applicants.

The program structure is designed to reward both existing community members and new applicants. A $3,000 grand prize is exclusively available to Sengo subscribers, highlighting the benefits of joining their platform. Additionally, two $1,000 grants are open to all applicants, making this an accessible opportunity for any early-stage business. This grant is especially relevant for underrepresented founders, who Sengo and Honeycomb are committed to empowering. The goal is to ignite access to capital and foster a supportive environment for innovation and growth.

Navigating the grant application process can be challenging, but the rewards are significant. Ensuring your application is complete and compelling is key to standing out. If you need assistance with preparing your proposal, developing a solid business plan, or creating financial projections, Grantaura offers a suite of expert services. Our team can help you craft an application that effectively communicates your vision and maximizes your chances of securing The Spark Grant and other funding opportunities.

Focus: Early-stage entrepreneurs, Underrepresented founders, Community-driven businesses, Small business funding

Region: United States

Eligibility:
– Must be an owner of a small business.
– Must submit a completed entry form by the deadline.
– To be eligible for the exclusive $3,000 grand prize, applicants must be subscribers to Sengo.
– All applicants are eligible for the two $1,000 runner-up grants.
– Only one entry per person is accepted.

Benefits:
– One $3,000 Grand Prize grant, awarded exclusively to a Sengo subscriber.
– Two $1,000 Runner-Up grants, open to all applicants.
– Funding is non-dilutive, meaning founders do not give up any equity in their business.

Deadline: July, 8, 2025

Terms:
– Sengo: A membership platform that provides founders with resources, fundraising tools, and a community network to support business growth. A subscription is required for the grand prize.
– Honeycomb Credit: A small business investment platform that allows communities to invest directly in local businesses. They are a co-sponsor of the grant.
– Non-Dilutive Funding: A type of funding where a company receives capital without giving up any equity or ownership. This is a key feature of The Spark Grant.