Cooperative Agreement AIDOAAA1700019

The Center for Advancing Innovation, Inc. was awarded a $2.49 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to launch the Global Health Innovation Challenge. Over three years, the Center will source and launch over 60 high-growth startups in the Washington D.C. metro area to address global health threats using technology. The startups will focus on preventing, diagnosing, treating and...

This $2.26 million project grant from the Department of Commerce's Economic Development Administration funds the Capital Gravity Arizona: Startup and Innovation Ecosystem Capital Accelerator Program. Delivered by Next Foundation, the program aims to create Capital Gravity Arizona, a transformational capital accelerator for Arizona's startup and innovation ecosystems. Key services include welcome programming, pipeline access, diverse learning communities, and innovation ecosystems for each cohort...

This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Diversify-Connect-Fund Project to support the entrepreneurial ecosystem in Greater Charlottesville, Virginia. The two-year project aims to improve outcomes for underrepresented startup founders and investors. Key services include an Angel Academy program modeled after an accelerator to provide outreach, recruitment, selection and six-to-eight week training...

The Minneapolis Saint Paul Regional Economic Development Partnership (MSP REDP) was awarded a $1,202,452 project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant funds the Forge North Angel Activation Campaign project, which will establish a startup coalition in the Greater Minneapolis-Saint Paul region to recruit 200 new angel investors through educational events and cohort-based learning...

Capital Impact Partners received a $1.8 million project grant award from the United States Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The funding supports the Community Development Financial Institutions Rapid Response Program, which provides capital to CDFIs working to address economic impacts of the COVID-19 pandemic in their communities. Through this award concluding on December 31, 2023, Capital Impact Partners will deliver financial...

The Economic Development Administration awarded a $3.27 million Project Grant to Social Entrepreneurs of New Orleans Inc., doing business as Propeller: A Force for Social Innovation, to scale venture capital investments that support minority-owned businesses through the BUILD TO SCALE federal grant program (CFDA 11.024). Over a three-year period, Propeller and its partner New Orleans Startup Fund will build capacity for due diligence, fundraising, and technical assistance to grow their initial...

This $700,013 project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program will fund Nxtus, Inc.'s efforts to diversify Kansas' risk capital ecosystem through September 2024. Nxtus will expand its Accelerate Venture Partners program membership and engage additional entrepreneurs, some requiring broader financing support. Activities will include founder capital education sessions, investor education programs, Kansas company...

Champion Impact Capital will receive $901,000 through a Project Grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance (EAA) program. The award will fund Champion Impact Capital's efforts to commercialize scalable technologies through creative capitalization from April 2021 through October 2022 in Irving, Texas. As part of the EAA program, which provides technical, planning, and infrastructure assistance to regions experiencing...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Capital Impact Partners $1.14 million under the Community Development Financial Institutions Program (CFDA 21.020) on February 28, 2023 to support community development and revitalization efforts through December 31, 2026. The Community Development Financial Institutions Program promotes economic revitalization and community development by investing in and building the capacity of certified Community...

The Economic Development Administration awarded a $655,215 Project Grant to Idea Foundry under the BUILD TO SCALE federal grant program (CFDA #11.024) to launch an investment initiative in Southwestern Pennsylvania from October 1, 2021 to September 30, 2024. The initiative will catalyze growth-stage investment into high-growth potential companies in the region to address declines in early venture capital availability. Idea Foundry will directly match and connect later-stage startup companies...