Launchbio, Inc. was awarded a $2,154,628 Project Grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to transform North Texas into a globally recognized entrepreneurial ecosystem for life science innovation. Over a three-year period ending September 2024, Launchbio will leverage existing resources and coordinate partnerships across the region to propel startup development. Key deliverables include a minimum of 100...
The $815,000 Economic Development Administration Project Grant will support the Texas Higher Education Foundation in coordinating and implementing a statewide study to accelerate job creation and technology innovation in Texas. The study aims to develop best practices to spur startup growth through commercialization, ensuring the state provides access to cutting-edge university technologies while creating a business-friendly, competitive environment generating high-skill, high-value jobs. This...
The Economic Development Administration awarded a $5 million Project Grant to the Texas Research and Technology Foundation under the Economic Adjustment Assistance program (CFDA 11.307) on July 8, 2021. The funding will support construction of six private laboratories to aid in the development of drugs, biologics, diagnostics, therapeutics, vaccines, and medical devices for COVID-19 and future health threats. Once completed, the laboratories will be leased to private organizations and offer...
The Economic Development Administration awarded a $2,985,374 project grant to the Rutland Economic Development Corporation under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant funds the Rutland's Tech Startup Incubator Project to transform the rural economy of Vermont by driving scalable tech entrepreneurship, investment, and high-skill, high-paying job creation. Key deliverables include identifying and inspiring a local culture of tech innovation, creating and implementing an...
Trinity University received a $692,239 project grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program. The grant will support Trinity University's Student Managed Early Stage Venture Fund (SMEVF), which will focus on providing seed-stage investments in high-growth startups located in the San Antonio and Austin regions of Texas. The SMEVF will invest in more than 50 regional companies and help create over 125 new jobs by...
The University of Texas at El Paso received a $3 million Project Grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA #11.024) to support the Aerospace and Defense Supply Chain Innovation Network for Manufacturers. The three-year grant project, running from October 2021 through September 2024, will enhance the innovation and business capabilities of El Paso's existing manufacturing sector and connect them to the...
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...
The Department of Commerce Economic Development Administration awarded a $421,346 Project Grant to Startup Tucson, doing business as Thryve Incubator, to deliver TECHEXCEL: EQUIPPING TUCSON'S GROWTH-STAGE COMPANIES WITH TECHNOLOGY-ENABLED SKILLS AND RESOURCES. The funding supports the Economic Adjustment Assistance program's goal of providing technical and planning assistance to regions experiencing adverse economic changes. Through the two-year award period ending March 2023, Thryve Incubator...
The University of California, San Diego will receive $1.86 million from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) to develop and operate a business acceleration program in La Jolla, California from October 1, 2021 through September 30, 2024. The program will provide entrepreneurial firms with workshops, training, advisory services, and mentorship on concepts of innovation and entrepreneurship. It aims to increase...
The Economic Development Administration awarded a $3,012,888 Project Grant to the Leon County Research & Development Authority to launch the North Florida Innovation Labs Technology Accelerator. Under the BUILD TO SCALE federal grant program (CFDA #11.024), which supports the development of technology-focused business ecosystems, the funding will provide programmatic and operational support from November 1, 2022 to October 31, 2025. Specifically, the grant combines a technology-focused...