HerRise Application

Get Funding

Entrepreneurs who own businesses that meet the following criteria may apply for funds:

  • Business is 100% owned by women of color
  • Been in business at least 2 years
  • Business is currently registered in the US
  • Business sales revenue above $25K annually
  • Business was impacted by covid19, had to make changes or needs funding to reopen
  • Non-profits, franchise, direct seller, authorized reseller or independent consultant not eligible

The Process

Application: Submit online application and most recent business tax return

Round 1: 20 women of color small business owners will be selected and notified on or before September 15th. Recipients will move onto round 2, receive a $500 micro-grant and additional services provided by HerSuiteSpot. To advance to round 2 recipients will have 48 hours to submit the following:

  • A 1-2 minute pitch video
  • A one page business plan

Round 2: 5 women of color small business owners will be selected to pitch live at the virtual 7th Annual Women on the Rise Forum & Expo.

Round 3: The women will compete for an opportunity for additional grant funds. Grand Prize $5,000, 1st Place $2,500, 2nd Place $1,500, 3rd Place $1,000 and a fan favorite of $500

Timeline

Application Launch: June 22nd

Application Ends: August 31st

Round 1: By September 15th all 20 recipients will be announced

Round 2: By September 30th five recipients will be announced to move to round 3

Round 3: October 10th Live Pitch

Donors and Sponsors

Applying for the HerRise Microgrant

Entrepreneurs who own businesses that meet the following criteria may apply for funds:

  • Business is 100% owned by women of color
  • Been in business at least 2 years
  • Business is currently registered in the US
  • Business sales revenue above $25K annually
  • Business was impacted by covid19, had to make changes or needs funding to reopen
  • Non-profits, franchise, direct seller, authorized reseller or independent consultant not eligible

The HerRise Micorgrant will be granted and may be used for the follow purposes:

  • Essential business operating expenses, including and not limited to rent for the business’s physical brick and mortar location, utilities, insurance, or other adaptations to address re-opening and pivoting to a virtual or semi-virtual business.

Application Launch: Submit online application and most recent business tax return

Round 1: 20 women of color small business owners will be selected and notified on or before September 15th. Recipients will move onto round 2, receive a $500 micro-grant and be enrolled in the AccelerateHer Business Accelerator ($2,000 value). To advance to round 2 recipients will have 48 hours to submit the following:

  • A 1-2 minute pitch video
  • A one page business plan

Round 2: 5 women of color small business owners will be selected to pitch live at the virtual 7th Annual Women on the Rise Forum & Expo.

Round 3: 4 women of color small business owners will win 1st, 2nd, 3rd and a fan favorite micro-grants.

Prior to receiving a HerRise Microgrant, grant recipients must consent to the following conditions:

  • Agreeing to the business owner’s name, picture or likeness being used in HerSuiteSpot website, reporting, publications and social media related to the grant
  • Business attests to not receiving a government grant or loan, at the time of application
  • Share your award on your social media pages using the hashtag #herrisegrant
  • Completing a program survey within 30 days of utilizing grant funds, including but not limited to how funds were used, the impact of the funds on the business, employee hiring and wage information.

Frequently Asked Questions

20 recipients will receive a micro-grant of $500 in round 1 and 4 recipients will receive a micro-grants at the 7th Annual Women on the Rise Forum & Expo.

No funds will need to be repaid to HerSuiteSpot at any time. We simply ask that, at some point, you ‘pay it forward’ by supporting other women-owned small businesses when you are in a position to do so.

Grant applications are received during the enrollment period beginning June 22, 2020 and will remain open until August 31, 2020.

An email will be sent to award winners. Due to the large number of applications only awardees will be contacted.

Funds are usually available upon 48-72 hours of recipients acceptance.

Because of the number of applications that the funding committee has to review applicants will not receive communication about why their individual application was denied.

The number of submissions received for one applicant does not improve chances of being selected. 

Yes, if you operate more then one business with unique tax identifiers you can submit more than one application.