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Is Your Business Eligible for a Government Grant?只是可能be. Here's how to win one at a local, state or federal level.

ByMichelle Goodman•

This story appears in theFebruary 2014issue of雷竞技手机版.Subscribe »

Nonprofitsaren't the only businesses eligible for government grants. Since 2010, for-profit companyCanopy Appshas received $2 million in National Institutes of Health (NIH) grants to develop translation technology for medical professionals working with patients who don't speak English.

Jerrit Tan, CEO of New York City-based Canopy, believes more entrepreneurs should take advantage of the billions of dollars in business grants offered by government agencies, which can buy a startup valuable R&D time and boost credibility.

"You're literally turning stacks of paper into money for your business," Tan says, referring to grant applications. "And the government usually does not take equity."

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