SACRAMENTO, Calif.--(BUSINESS WIRE)--#grants--OpenGrants and Indie.vc’s INTRO have formed an alliance to unlock billions of dollars in non-dilutive public funding for startups.
INTRO, a product from Indie.vc, gives businesses a comprehensive view of their non-dilutive financing options by reviewing the company’s information and recommending options that are often overlooked.
OpenGrants is a venture backed software company that automates grant search, application and management services for startups.
“More than $700 billion in public funding is available via government grants. Most companies don’t take advantage of these funds because of how complicated and time-consuming the process can be. This means that much of this money either stagnates in public accounts, or is swept up by large organizations with powerful in-house grant writing teams,” says OpenGrants CEO Sedale Turbovsky.
Indie.vc’s Jason Garcia adds, “By plugging OpenGrants into INTRO, we’re unlocking public funds as a viable option for INTRO users. The opportunity here is massive. Grants are a large and underutilized funding option that founders need to know about. It was clear that we could not open up these options to founders without a great partner. We think that OpenGrants is going to be critical for founders to tap into grant funding.”
In addition to supporting their users, both leaders are excited about what this means for the U.S. innovation ecosystem. Non-dilutive capital is incredibly empowering for founders, which is at the core of both the OpenGrants and Indie.vc philosophies.
It should be noted that public grants and public/private partnerships played a vital role in launching Silicon Valley. Unfortunately, the funding that once jump-started the Silicon Valley innovation ecosystem has increasingly become inaccessible to startup founders. OpenGrants levels that playing field by simplifying the process of pursuing SBIR/STTR and other grant funding programs.
“We’re excited about the future of American innovation,” notes Turbovsky. “Working with INTRO to provide access to grants is a natural fit. We are big fans of what they are doing, and we know it will improve the experience for founders all over North America.”
OpenGrants and INTRO have already begun working together. Learn more at intro.me.
INTRO takes the guesswork out of what your non-dilutive funding options are. Using your financials and a double opt-in process, INTRO connects you directly to financing partners you’re already a fit for.
INTRO was designed to support as wide a range of companies as possible. They support all industries across the US and Canada.
OpenGrants.io is the easy way to find, win and manage grants. OpenGrants uses both technology and humans to match qualifying startups to grants, connect them with verified grant writers, and guide them through the application process, significantly improving their chances of success while greatly reducing the risk of wasted time and money.