Cooperative Agreement MB23OBD0340298

Award Date 9/1/23
Completion Date 8/31/27
Dollars Obligated $7.5M
Federal Grant Program
11.034
Assistance Type
Cooperative Agreement
Place of Performance
Chicago, IL 60607, USA

THE MBDA CAPITAL READINESS PROGRAM (PROGRAM) IS DESIGNED TO HELP CLOSE THE ENTREPRENEURSHIP GAP BETWEEN SOCIALLY AND ECONOMICALLY DISADVANTAGED INDIVIDUALS (SEDI) AND NON-SEDI. THE RECIPIENTS ARE WERE SELECTED TO: (1) HELP SEDI ENTREPRENEURS BUILD CAPACITY; (2) ATTRACT AND PROVIDE ACCESS TO CAPITAL OPPORTUNITIES; AND (3) ATTRACT AND PROVIDE ACCESS TO NETWORKS. THE PROPOSED ACTIVITIES MAY RESEMBLE THE SERVICE MODELS OF INCUBATORS (FOCUSING ON EARLY-STAGE TECHNICAL ASSISTANCE FOR NEW ENTREPRENEURS) OR ACCELERATORS (PROVIDING EMERGING-STAGE TECHNICAL ASSISTANCE TO BUSINESSES READY TO EXPAND OR SCALE), OR PROVIDE A COMBINATION OF BOTH SERVICE MODELS.

Posted 8/21/23, 12:00 AM