The Wayne State University Research & Technology Park in Detroit, Michigan (Techtown Detroit) received a $1.17 million project grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to recruit and train 200 high-net-worth individuals from Michigan and the Great Lakes region as angel investors from October 2021 through September 2024. The project aims to activate the potential of underrepresented investors...
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...
The Department of Commerce Economic Development Administration (EDA) awarded Elevate Ventures Inc. a $1 million Project Grant under the BUILD TO SCALE federal grant program (CFDA 11.024) to launch and administer an evergreen pre-seed and seed state venture investment fund for companies based in St. Joseph, Elkhart and Marshall counties in North Central Indiana from October 1, 2021 to September 30, 2024. Under the award, Elevate Ventures will offer individualized guidance, access to resources and...
The Department of Commerce Economic Development Administration awarded a $8.056 million project grant under the BUILD TO SCALE federal grant program to the Marquette TECH District Foundation Inc. The grant funds the Southern Missouri Innovation Network project, which aims to accelerate technology-based economic development across a predominantly rural, historically distressed 47-county region. The project combines efforts from Missouri State University and the Codefi Foundation to help...
This $615,500 Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program will fund the Food and Beverage Investors Network project delivered by Battle Creek Unlimited Inc. The project aims to increase the capacity of the Next-Gen Battle Creek Food Reimagined Investors network to vet, validate, and make critical seed and angel investments in early-stage, high-growth food manufacturing companies in Western Michigan. Specific products...
The Department of Commerce Economic Development Administration awarded Innovation Works $8 million under the BUILD TO SCALE federal grant program (CFDA 11.024) to implement the Scaling Networks in Southwestern Pennsylvania Project from November 1, 2022 to October 31, 2025. The project aims to deepen, strengthen and cross-pollinate networks of mentors, corporate partners, investors and supply chain partners to more scalably deliver entrepreneurial services to startups in the region. Key...
The Department of Commerce Economic Development Administration (EDA) awarded a $1.5 million Project Grant to Innovate Mississippi under the BUILD TO SCALE federal grant program (CFDA 11.024) to develop the statewide ecosystem through the COBuilders Accelerator Project. The grant will fund a coordinated virtual accelerator unlocking resources like mentors, service providers, and investment capital across underrepresented regions in Mississippi. Over a 24-month period starting November 1, 2022,...
The Automation Alley Industry 4.0 Accelerator will leverage $2.52 million in funding from the Department of Commerce Economic Development Administration's BUILD TO SCALE federal grant program to accelerate commercialization of emerging manufacturing technologies in Michigan through September 2024. Under the project grant, Automation Alley will provide access to funding, leadership training, and expand their Industry 4.0 accelerator program to serve startups and manufacturers across Southeast...
This $6,021,480 project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Village to Venture: EDA Build to Scale Venture Challenge. Through a partnership between Southwestern Community College, the University of San Diego, and the Connect Foundation, this project will support underrepresented entrepreneurs in the San Diego region in accessing traditional capital sources and creating new jobs. Specifically, the partnership will...
The Department of Commerce Economic Development Administration (EDA) awarded a $1,054,468 Project Grant to Innovate Mississippi under the BUILD TO SCALE federal grant program (CFDA #11.024) to establish two regional angel funds in rural Mississippi. Specifically, the grant will fund the Mississippi Rural Angel Funds project to create the North Delta/Oxford Angel Fund and the Mississippi River Region Angel Fund. These two angel funds will invest in 20 early-stage Mississippi startups over three...