eBay Announces Fifth Annual Up & Running Grants Recipients

Core Insights - eBay has awarded $500,000 in grants and technology stipends to support 50 U.S. sellers as part of its Up & Running Grants program, aimed at fostering economic opportunity and small business growth [1][4] - The program received over 18,000 applications this year, marking a 162% increase in applications compared to previous years, with a notable rise in early-stage entrepreneurs [1][3] Group 1: Up & Running Grants Program - The Up & Running Grants program was established in 2020 and has since received over 60,000 applications, with 50 sellers selected annually to receive $10,000 each, along with training and mentorship [4] - This year, each grant recipient will also receive a $500 stipend for essential business technology from eBay Refurbished [1][4] - The program emphasizes eBay's commitment to empowering small business owners and providing necessary tools for success [2][3] Group 2: Impact on Small Businesses - eBay's small business sellers report significant economic opportunities, with the Up & Running Grant program helping them invest in crucial areas for growth [3] - The increase in applications reflects a growing interest in entrepreneurship and the support eBay provides to small businesses [3][4] - eBay's initiatives are designed to create a supportive ecosystem for entrepreneurs, including access to mentorship and resources through platforms like Hello Alice [4][6]