State of Indiana
09/11/2024 | Press release | Distributed by Public on 09/11/2024 11:09
U.S. Economic Development Administration $50 Million 'Build to Scale' Funding Opportunity Aims to Boost Technology Entrepreneur Ecosystems
$50 Million 'Build to Scale' Funding Opportunity Aims to Boost Technology Entrepreneur Ecosystems
The U.S. Economic Development Administration (EDA) is accepting applications for its FY24 $50 million
Build to Scale 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. [Read Today's Blog Post]
Build to Scale (B2S) grants fund programs that support innovators, entrepreneurs, and startups transforming
ideas into the critical, emerging technologies of the future.
The B2S program 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.
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.
Click here to read the full FY24 Build to Scale Notice of Funding Opportunity (NOFO)
The deadline to apply is 4:59 p.m. Eastern Time on October 28, 2024.
For more information, visit EDA's Build to Scale (B2S) program website.
Questions? Email [email protected].