We reported last month that two East Tennessee entrepreneurial support organizations – CO.LAB in Chattanooga and FoundersForge in Johnson City – were among 92 recipients who shared $5.4 million in awards from the U.S. Small Business Administration in one of two categories.
Both organizations were successful in the “Growth Accelerator Fund Competition (GAFC)” with applications to support start-up accelerators and incubators working with underrepresented entrepreneurs. That’s where the majority of the awards were made.
There were, however, eight recipients in the second category – “Small Business Innovation Research (SBIR) Catalyst” competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale. One of the eight was the Orlando-based Florida High Tech Corridor Council which will use the $150,000 grant to help women be more successful with their SBIR submissions, and it has enlisted four university-backed business development programs to be part of the effort.
What are the plans? Click here for the answer.