More than 650,000 prisoners are discharged into society every year so that they can start a life once again. Sentenced criminals experience considerable difficulties when they have to move back to the regular citizen life and looking for some kind of employment. Many of them are determined and thus, want to start their small business for a living. Luckily, there are several opportunities that help the prisoners to make their entrepreneurial dreams come true.
Significance of Non-Government Grants
The important of the Non-government grants are:
- Convicts are permitted to acquire business licenses and start an organization with a specific product niche.
- Be that as it may, there is no special grants or loan set up to help criminals begin their own business.
- Criminals ought to contribute their time discovering private financing open doors for their organizations.
- The Small Business Administration provides the guarantee that criminals are dealt with the same as different subjects. Unfortunately, there are no grants established by the government to help them out.
Entrepreneurship Program for prisoners
The Prison Entrepreneurship Program was established in 2004 in Houston, Tex. The mission of the program is to help the determined criminals seek after their entrepreneurial attempts and make their dreams come true. Numerous other enterprise programs for the prisoners to start a business have been set up from that point forward.
These projects do not give coordinate capital, yet they show criminals how to function with different financial specialists and holy messengers. They will provide the felons the help they require by connecting them with the politicians, MBA’s and administrator. All the while, criminals can figure out several methods to start earning as well as look for funds that will help them in starting the organization.
Angel grants or investors
The investors that want to invest in the organizations that have strong future are called the angel investors. They will only pay attention to the dedication and the idea of the business and the profit it will bring. Criminals might be off guard when applying to suck kinds of investors. It should be kept in mind that a different investor will have different requirements and thus felons have to fulfill them. The grant investors might want to put resources into the business of criminals that demonstrate aspiration, inventiveness, and assurance.
How a Felon can apply for a grant
Following are the steps that you would have to follow in order to apply for a grant:
- Criminals are off guard when they apply to investors for grants, however, that does not block them from applying.
- The most critical thing is to think of a solid business niche and a strong marketable strategy.
- Indicted criminals seeking for reliable investors must show they have strong entrepreneurial qualities and a longing to turn their lives around.
- In spite of the fact that there is a shame against criminals, they may have a superior open door persuading others to give them help beginning a business than giving them a vocation.
So if you are determined to change your life the business grants for felons might be your only hope. Have the best business idea and get the grants you want.