Dream Fund
Grant Program
Program
Information
The California Dream Fund Grant Program is funded by the State of California and administered by ASIAN, Inc. and San Jose Minority Business Development Agency Business Center. Eligibility criteria apply.
The California Dream Fund Grant Program was created in 2021 by Senate Bill No. 151 to provide microgrants up to $10,000 to seed entrepreneurship and small business creation in underserved small business groups that are facing capital and opportunity gaps.
The Dream Fund is intended to seed entrepreneurship, fill opportunity gaps for underserved small business owners to help them reach greater parity in startups, initial revenue creation, and job creation. The purpose of the funding is to provide financial support and seed entrepreneurship married with technical assistance to aspiring entrepreneurs in underserved business groups, including businesses owned by women, minorities, veterans, individuals without documentation, individuals with limited English proficiency, and business owners located in low-wealth and rural communities.
ELIGIBILITY REQUIREMENTS
SELECTION TIME
TRAINING PROGRAM
REQUIREMENTS TO RECEIVE GRANT FUNDING
These microgrants shall be made available to startup clients of Office of the Small Business Advocate Governor’s Office of Business and Economic Development after participating in intensive startup training and consulting with the centers that are designated by the Small Business Technical Assistance Expansion Program (TAEP).
Selected grantees are expected to complete all training sessions through virtual participation or on-demand.
Additional information required prior to funding receipt:
Grant Amounts
$5,000 for the following businesses:
$10,000 for the following businesses:
USAGE OF DREAM FUND GRANT
A business owner who is a recipient of a grant pursuant to statute to self-certify that grant funds will be used for one or more of the following eligible uses:
Contact us
Email Address
dreamfund@asianinc.org
Phone Number
(408) 998-8058 ext. 5