OBIO — (WiHI) Training and Wage Subsidies
Highlights
This program is tailor-made for you and your early-stage, women-led health science company. You could receive up to $20,000 in grant funding to boost your business in ways that matter most to you. Whether you need to invest in training, hire new staff, or enhance your services, this funding comes without the burden of repayment, freeing you to focus on growth.
Beyond financial support, you'll gain access to expert advisory and coaching, as well as valuable networking opportunities. These resources are designed to guide you through common challenges and connect you with other leaders in your field. This holistic approach not only accelerates your growth but also strengthens your business foundation.
Applying for this program is straightforward, and the resources provided can make a significant impact on your journey. With the combination of financial aid and mentorship, you can confidently make strides toward achieving your business goals.
Financing Details
The financing offered is a grant of up to $20,000. This means you don’t have to pay it back, which is a big relief for your business budget. There are no interest rates or repayment terms to worry about with this funding.
Eligible Expenses: You can use the grant for a variety of expenses that help grow your health science company, including:
- Research and development
- Marketing and promotion
- Equipment and supplies
- Professional services (like consulting or legal advice)
Restrictions and Fees: While the grant is flexible, it cannot be used for ongoing operational costs like rent or salaries. Additionally, there are no application or processing fees involved with this program, making it a straightforward option for you.
Qualifications
- Must be early-stage, women-led health science companies.
- Must be owned by women.
- No minimum or maximum number of employees required.
- No minimum or maximum company revenue qualifications.
- All legal structures are applicable.
- All profit structures are applicable.
Disqualifications:
- Businesses not led or owned by women are ineligible.
Description
This program is designed just for you. You'll receive up to $20,000 in grant funding to help your early-stage, women-led health science company grow. The money can be used in any way that will boost your business, whether it's for training, hiring new staff, or improving your services. This funding doesn’t need to be repaid, giving you the freedom to invest in your future without worrying about debt.
Along with the financial support, you'll also gain access to expert advisory, coaching, and valuable networking opportunities. This means you’ll have guidance from experienced professionals who understand your challenges, and you’ll connect with other leaders in the health science field. This holistic support can help accelerate your growth and set you on the path to success.
Overall, this program offers you a chance to strengthen your business with both money and mentorship. Your growth is the primary focus, and with the right resources at your side, you can make significant strides in achieving your goals.
Program Steps
Gather Necessary Information
- Prepare details about your business, including company name, address, and contact information.
Prepare Documentation
- Compile required documents, such as:
- Proof of business registration
- Business plan or overview
- Financial statements (if available)
- Tax identification number
- Resume or CV of the owner and key team members
- Compile required documents, such as:
Complete the Application Form
- Fill out the online application form on the program’s website.
Create a Budget Plan
- Outline how you plan to use the grant funding, specifying training, hiring, or service improvements.
Submit Your Application
- Review your application and documentation for accuracy before submitting.
Monitor Application Status
- Keep an eye on your email or the program website for updates on your application status.
Attend Orientation or Info Session (if available)
- Participate in any introductory sessions to learn more about maximizing your program benefits.