59.065: Growth Accelerator Fund Competition
Overview
Program Number
59.065
Status
Active
Last Modified
Aug. 1, 2022
Date Posted
Aug. 1, 2022
Objective
Growth accelerators are organizations that help entrepreneurs start and scale their businesses. Typically run by experienced entrepreneurs, accelerators help small businesses access seed capital, mentors, counseling, overhead services and networking opportunities. These organizations help accelerate a startup company’s path towards success with targeted advice on revenue growth, job growth and sourcing outside funding. Accelerators also help foster an inclusive entrepreneurial ecosystem by stimulating entrepreneurship outside of traditional startup hubs.
SBA Growth Accelerators provide focused assistance to STEM/R&D entrepreneurs to start and scale their businesses. Typically run by experienced entrepreneurs, accelerators help small businesses access seed capital, mentors, counseling, overhead services and networking opportunities. These organizations help accelerate a startup company’s path towards success with targeted advice on revenue growth, job growth and sourcing outside funding. Accelerators also help foster an inclusive entrepreneurial ecosystem by stimulating entrepreneurship outside of traditional startup hubs. Applicants in the 2021 Competition focused their proposed efforts on one of the following groups: women entrepreneurs, minority entrepreneurs, or other target entrepreneurs identified by applicants (ie. rural, veterans, individuals with disabilities, etc.).
Type of Assistance
C - Direct Payments for Specified Use
Applicant Eligibility
This competition is open to citizens or permanent residents of the United States who are at least eighteen (18) years of age at the time of their submission of an entry (or teams of such individuals); and private entities, such as corporations or other organizations, both for profit and nonprofit, that are incorporated or organized in and maintain a primary place of business in the United States. Individuals submitting on behalf of corporations, nonprofits, or other organizations or groups of individuals (such as an academic class or other team) must meet the eligibility requirements for individual Contestants. Consult www.sba.gov/accelerators and www.sbir.gov/accelerators for further information.
Beneficiary Eligibility
Not Applicable
Additional Information
Grant Awards
Growth Accelerator Fund Competition direct grants
Grant Opportunities