Launch Tennessee is the only organization from Tennessee to be selected as a recipient of a $50,000 grant under the U.S. Small Business Administration’s (SBA) “Growth Accelerator Fund” competition.
The initiative, now in its fifth year, is designed to help the nation’s most innovative and promising small business accelerators and incubators. The 2019 Competition focused on accelerators that work with high tech entrepreneurs that are potential Small Business Innovation Research (SBIR) or Small Business Tech Transfer (STTR) program applicants.
According to SBA’s recent announcement, this year’s award recipients will focus at least 60 percent of their competition-related work on entrepreneurs who represent one of the following groups: women, socially and economically disadvantaged individuals, and entrepreneurs living in or whose businesses are located and operate in states with a lower number of SBIR/STTR awards, or in an Opportunity Zone.
The recipients come from 39 states and territories. Click here for the SBA release and a link to the list of recipients.