eBay Kicks Off Its Fifth Annual Up & Running Grants Program
Kalin Ned — April 29, 2024 — Social Good
References: prnewswire
eBay aims to support small businesses via its Up & Running Grants program which will award 50 eBay sellers in the United States with a $10,000 grant each. In addition to the monetary reward, recipients will receive a $500 stipend to acquire essential office technology from eBay Refurbished and access to continued education support.
This initiative reflects eBay's longstanding commitment to fostering entrepreneurial success on its platform. Through its Up & Running program, small businesses can invest in various aspects of their operations, including physical and digital store improvements, equipment, inventory, hiring, training, and marketing. Feedback from previous grant recipients underscores the program's impact, with 90% expressing the grants' usefulness and increased confidence in their businesses' future. Additionally, 10% of awardees reported using the funds to enhance employee wages, further highlighting the grants' positive effects on business growth and sustainability.
eBay has partnered with Hello Alice, a platform supporting small businesses, to administer the grants program. Hello Alice will also offer mentorship and resources to all applicants, irrespective of grant status, ensuring broader support for the small business community.
Image Credit: eBay
This initiative reflects eBay's longstanding commitment to fostering entrepreneurial success on its platform. Through its Up & Running program, small businesses can invest in various aspects of their operations, including physical and digital store improvements, equipment, inventory, hiring, training, and marketing. Feedback from previous grant recipients underscores the program's impact, with 90% expressing the grants' usefulness and increased confidence in their businesses' future. Additionally, 10% of awardees reported using the funds to enhance employee wages, further highlighting the grants' positive effects on business growth and sustainability.
eBay has partnered with Hello Alice, a platform supporting small businesses, to administer the grants program. Hello Alice will also offer mentorship and resources to all applicants, irrespective of grant status, ensuring broader support for the small business community.
Image Credit: eBay
Trend Themes
1. Small Business Support - Opportunities for platforms to provide grants and resources to empower small business growth and sustainability.
2. Digital Transformation Grants - A rise in grants specifically for investing in essential office technology and digital store improvements to adapt to changing business landscapes.
3. Entrepreneurial Education - Increased focus on continued education support for small business owners to enhance their skills and knowledge for long-term success.
Industry Implications
1. E-commerce Platforms - Evolving strategies within e-commerce platforms to offer grant programs and support services for their seller communities.
2. Business Consulting - Growing demand for business consulting firms to assist small businesses in utilizing grants effectively for operational enhancements and growth.
3. Education Technology - Emerging opportunities in education technology sectors to develop tailored programs and resources for entrepreneurial education and skill-building.
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