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SBA will fund up to six programs to support service-disabled veteran entrepreneurs

The U.S. Small Business Administration has announced a new funding opportunity for eligible non-profit organizations, state and local government agencies, private sector firms, and institutions of higher learning to provide entrepreneurship training to service-disabled veterans.

The awarded organization(s) can use the funding to market, deliver, and scale existing service-disabled veteran entrepreneurs’ training programs for veterans, service-disabled veterans, and Reserve component members who intend to start new businesses or expand existing small businesses.

According to this news release, the “Service Disabled Veteran Entrepreneurship Training Program” award is for a base project period of 12 months, with three 12-month non-compete continuation year periods. A total of $300,000 in funding is available for the program in FY 2022. SBA anticipates making up to six (6) awards, each valued between a minimum of $50,000 up to a maximum award of $150,000.

Submissions must be sent via grants.gov no later than 11:59 p.m. EDT on August 18.

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