What are the differences between grants and loans for startups?

What are the differences between grants and loans for startups?

Grants are funds provided by governments or organizations that do not need to be repaid, while loans are borrowed money that must be repaid with interest.

Which option is better for a new startup?

It depends on your business model and needs. Grants can provide non-repayable funds, but loans may offer larger amounts.

Are there specific grants available for tech startups?

Yes, many governments and organizations offer grants specifically for tech startups, often focusing on innovation and research.

What are the eligibility criteria for these grants?

Eligibility varies by grant, but common criteria include business type, location, and project goals. It's best to check specific grant guidelines.

Can I apply for both grants and loans simultaneously?

Yes, you can apply for both, but ensure that the funding sources do not conflict with each other.