EDA announces another round of funding for its “Build to Scale” program
Forty to 50 awards will be made, and they will range from a few hundred thousand dollars up to $5 million.
The U.S. Economic Development Administration (EDA) announced earlier this week that it is accepting applications for its FY24 $50 million ”Build to Scale” (B2S) program to support organizations that strengthen entrepreneurial ecosystems to support entrepreneurs as they build and scale technology-driven businesses — and the employees in the new, good jobs they create — to make and deliver new technology products and services.
B2S grants fund programs that support innovators, entrepreneurs, and start-ups transforming ideas into the critical, emerging technologies of the future. Through the initiative, EDA aims to:
- Build capacity for entrepreneurs and innovators to invent, improve, and bring to market new technology products and services;
- Accelerate the growth of regional economies focused on industries of the future;
- Empower communities to enable technology innovators and entrepreneurs to pilot and test their products and services; and
- Equitably and inclusively increase access to capital for technology-enabled entrepreneurs.
The application deadline is 4:59 p.m. EDT on October 28, and EDA expects to make 40 to 50 awards, with expected award amounts spanning from the low hundreds of thousands of dollars up to $5 million.
The Notice of Funding Opportunity can be found here.
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