FUNDING PROGRAM: U.S. Department of Commerce (DOC), U.S. Economic Development Administration (EDA) 2024 Build to Scale Program.
FUNDING OPPORTUNITY NUMBER: EDA-B2S-2024.
FUNDING AGENCIES: U.S. Department of Commerce (DOC); U.S. Economic Development Administration (EDA).
OPPORTUNITY:
The Build to Scale (B2S) program aims to increase the capacity of entrepreneurs in regions throughout the United States to demonstrate, deploy, and deliver new technologies by starting and growing new companies and creating and sustaining new, good jobs.
DESCRIPTION:
EDA is committed to furthering technology- and innovation-based economic development initiatives that accelerate high-skill and high-wage job growth, create economic opportunity, and support the next generation of industry-leading companies. Funding is available for organizations that aid companies in developing, demonstrating, and deploying new, emerging, and critical technologies.
Projects should:
- Include operational and programmatic activities to build public and private capacity for entrepreneurs and innovators to invent, improve, and bring to market new products and services in critical, emerging, and transformative sectors and industries
- Accelerate the growth of regional economies that are focused on industries of the future
- Empower communities to provide proof-of-concept and commercialization assistance to technology innovators and entrepreneurs
COST SHARING:
Applicants must provide a matching share equal to at least 50% of the total project cost.
ELIGIBLE APPLICANTS:
- A State
- An Indian tribe
- A city or other political subdivision of a State
- An entity whose application is supported by a State or a political subdivision of a State, and that is:
- An institution of higher education
- A public-private partnership
- A science or research park
- A federal laboratory
- A venture development organization
- An economic development organization or similar entity that is focused primarily on improving science, technology, innovation, or entrepreneurship
- A non-profit organization
- A consortium of any of the aforementioned entities
FUNDING AVAILABLE:
- FUNDING AVAILABILITY: $50 million
- MAXIMUM GRANT AMOUNT: $5 million
- EXPECTED GRANT AMOUNT: Spans from the low hundreds of thousands of dollars to the maximum listed above
APPLICATION DEADLINE(S): October 28, 2024.
