SBA funding available for accelerators

The Small Business Administration (SBA) recently announced the 2019 Growth Accelerator Fund Competition and Federal and State Technology Partnership Program (FAST) funding.

SBA is seeking to identify the most innovative and promising small business accelerators and incubators that work with high tech entrepreneurs that are potential SBIR or STTR program applicants. These accelerators and incubators help entrepreneurs speed the launch, growth, and scale of their businesses and, ultimately, the creation of jobs. Accelerators emphasizing underserved entrepreneurs can submit a brief application and slide deck from June 10-20; SBA anticipates as many as 60, $50,000 awards.

FAST provides a funding match for programs supporting SBIR/STTR outreach and support services; the program is limited to one, governor-supported application per state, so interested parties should begin considering their application well ahead of the June 28 deadline.