The mbda capital readiness program (program) is designed to help close the entrepreneurship GAP between socially and economically disadvantaged individuals (sedi) and non-sedi
Active Cooperative Agreement Awarded Last action
- Award ID
- MB23OBD8020325
- Recipient
-
Labstart Innovations Inc. UEI U6S9BJC38KG7
- Awarding agency
-
National Oceanic and Atmospheric Administration
Department of Commerce
- Obligated
- $55,991,686
Award facts
- Assistance listing
- 11.802 MBDA Specialty Center Program
- Completion date 78% complete
- Funding
-
- $5,998,926.00 Federal
- $49,992,760.00 Non-federal
- Funding agency
- Minority Business Development Agency Department of Commerce
- Place of performance
- Oakland, CA 94607, USA
Award details come from USAspending.gov.
Description
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.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $0 | $0 | |
| Amendment | $2,999,463 | $24,996,380 | |
| Original award | $2,999,463 | $24,996,380 |
Quick answers
Who received award MB23OBD8020325?
MB23OBD8020325 was awarded to Labstart Innovations Inc. by National Oceanic and Atmospheric Administration (Department of Commerce) on September 1, 2023.
How much is award MB23OBD8020325 worth?
$55,991,686 has been obligated on MB23OBD8020325: $5,998,926 in federal funding and $49,992,760 in non-federal funding.
Which agency awarded MB23OBD8020325?
National Oceanic and Atmospheric Administration (Department of Commerce) awarded MB23OBD8020325, with funding from Minority Business Development Agency (Department of Commerce).
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