BALSA Grant

BALSA Grant

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Grant Amount : $1,000+

About

Grants and in-kind support to Missouri entrepreneurs at nonprofit organizations and businesses in eligible regions to develop new ideas. This program is intended for first-time entrepreneurs in the early stages of a business. Successful applicants will receive entrepreneur training, one-on-one mentoring, and a cash grant. Eligible applicants are those located in St. Louis.

How do I Qualify?

The BALSA Grant is designed for first-time St. Louis entrepreneurs wanting to start or grow their early stage business in St. Louis. Applications are welcomed from all business sectors, and from non-profit as well as for-profit organizations.

In general, having team members with the following criteria will make an application ineligible for the BALSA grant:
- Being under the age of 18.
- Having started a successful business before. We wish to exclude serial entrepreneurs and those who were or are making a living from a business they started.
- Having received any outside equity investment, significant outside funding, or a previous BALSA Grant. Financial support from the founders, their family, and personal friends is OK.
- Living outside of the greater St. Louis area. Our aim is to help those in the St. Louis region, broadly defined as residing or operating within 25 miles of St. Louis City Hall.

About the Grantor

BALSA Grant
The Balsa Foundation

The BALSA Foundation’s mission is to promote social equity and prosperity in the St. Louis region by empowering first-time entrepreneurs to start and grow their businesses. We fulfill this mission by (1) maintaining an online, step-by-step guide to starting a business, (2) providing free feedback from experts to anyone with a business idea, (3) providing cash grants, mentorship, and donations of professional services to first time entrepreneurs who need and will benefit from them the most.