Growth Accelerator Fund Competition
Investments
27About 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
Latest Growth Accelerator Fund Competition News
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.
Growth Accelerator Fund Competition Investments Activity
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 | |||||
9/30/2019 | Grant |
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 | ||
Amount | $0.05M | $0.05M | |||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 3 | 1 |
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