TRANSFORM Business Grant to support Entrepreneurs

The TRANSFORM Business Grant is a funding opportunity aimed at supporting individuals from systemically marginalized groups who are focused on creating social impact and demonstrate financial need. This grant is provided by Transform and is available to applicants across the United States, regardless of their citizenship or immigration status. The grant amount is capped at $1,000, and it is intended to assist anticapitalist businesses led by individuals who prioritize social impact in their work. The application process is open until September 30, 2024. The primary purpose of the TRANSFORM Business Grant is to facilitate wealth redistribution to entrepreneurs who are actively working to dismantle oppressive systems of power. The grant is particularly focused on supporting BIPOC individuals, individuals with disabilities, formerly incarcerated individuals, and queer, trans, and nonbinary individuals. Transform emphasizes that funding should not be a barrier to pursuing innovative business ideas or professional development. Funding from the TRANSFORM Business Grant can be used for various business-related expenses, although it does not cover political organizations or activities, religious organizations for religious purposes, or payments for student loans and other debts. The grant is designed to support growth-focused initiatives that align with the values of anticapitalism and social impact. Eligibility for the grant is open to individuals and teams located in the United States, with a preference for those who can demonstrate financial need. Transform defines financial need as the inability to meet essential needs with available resources, recognizing that this can vary significantly among applicants. It is important to note that the grant does not support business activities related to medicinal or clinical practices. Applicants must adhere to specific submission requirements, which include providing detailed information about their business and the intended use of the grant funds. The application process may involve answering questions that assess the applicant's alignment with the grant's objectives and their financial situation. Evaluation criteria for the grant will focus on the applicant's commitment to social impact, the potential for the business to contribute positively to the community, and the demonstration of financial need. The review process will consider how well the proposed business aligns with the values of Transform and its mission to support marginalized groups. The application deadline for the TRANSFORM Business Grant is September 30, 2024. Interested applicants are encouraged to visit the Transform website for more information and to access the application. Recipients of the grant will receive a 1099-MISC form for tax purposes, as required by law.