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Business Plan Competition
sba.gov/content/sba-growth-accelerator-fund-competition

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Investments

27

About Growth Accelerator Fund Competition

The Growth Accelerator Fund Competition, launched by the U.S. Small Business Administration, is a competition for accelerators, incubators, and other entrepreneurial ecosystem models that help support small businesses and startups to compete for monetary prizes of $50,000 each (20 in total).

Growth Accelerator Fund Competition Headquarter Location

409 3rd St, S.W.

Washington, DC, 20416,

United States

800-827-5722

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Latest Growth Accelerator Fund Competition News

SBA Announces 20 Growth Accelerator Fund Competition Recipients

Oct 30, 2017

Share this article WASHINGTON, Oct. 30, 2017 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announces today 20 winners of the fourth Growth Accelerator Fund competition. The accelerators represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups. Each organization will receive from the SBA a cash prize of $50,000. In accepting these funds, the accelerators will be committing to bi-annual reporting for one year and will be required to report metrics on jobs created, funds raised, startups launched and corporate sponsors obtained among other pieces of information. These metrics will allow the SBA to maintain a useful dataset of accelerators and their impact, and to develop long-term relationships with the startups and constituents in these innovative and entrepreneurial communities. Winners were selected through a two tier review panel process with experts in entrepreneurship, investing and business plans both inside and out of the federal government. The finalist expert judges reviewed the applications and pitch videos submitted by the finalists. The purpose of the competition is to draw attention and funding to parts of the country where there are gaps in the entrepreneurial ecosystem. There are entrepreneurial activities taking place in all 50 states, but some are better supported by private sector ecosystems than others. The 20 winners are: Maine Center for Entrepreneurial Development- Portland, Maine MergeLane- Boulder, Colo. KiiLN- Manhattan, N.Y. Bioscience & Technology Business Center- Lawrence, Kan. MORTAR- Cincinnati, Ohio FirstWaVE Accelerator- Tampa, Fla. I-Corps Puerto Rico Accelerator- San Juan, Puerto Rico Native Entrepreneur In Residence- Albuquerque, N.M. Fannin Innovation Studio- Houston, Texas Circular Board- Houston, Texas Veterans Future Lab- Brooklyn, N.Y. For more information about accelerators, the Growth Accelerator Fund Competition and a full list of award winners past and present, visit: www.sba.gov/accelerators . ABOUT THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. www.sba.gov Contacts: Tiffani S. Clements (202) 401-0035

Growth Accelerator Fund Competition Investments

27 Investments

Growth Accelerator Fund Competition has made 27 investments. Their latest investment was in Stella Labs as part of their Biz Plan Competition - II on October 10, 2019.

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Growth Accelerator Fund Competition Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/2/2019

Biz Plan Competition - II

Stella Labs

$0.05M

No

3

10/2/2019

Biz Plan Competition

The Rosie Network

$0.05M

Yes

3

9/30/2019

Grant

Launch Tennessee

Yes

1

9/30/2019

Grant

Subscribe to see more

$99M

Subscribe to see more

10

9/30/2019

Grant

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/2/2019

10/2/2019

9/30/2019

9/30/2019

9/30/2019

Round

Biz Plan Competition - II

Biz Plan Competition

Grant

Grant

Grant

Company

Stella Labs

The Rosie Network

Launch Tennessee

Subscribe to see more

Subscribe to see more

Amount

$0.05M

$0.05M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

3

1

10

10

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