Launch and accelerate startups. To provide access to the entrepreneurial community, training, mentors, and capital

The Dimension Mill, Inc. was awarded an $810,380 Project Grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the launch and acceleration of startups through October 2024 by providing access to entrepreneurial training, mentors, and capital. Dimension Mill will recruit investors and startups, provide funding and mentoring to startups, and conduct public relations and marketing activities. Expected outcomes include a thriving ecosystem of industry-leading technology and cybersecurity startups led by diverse founders and staff. Intended beneficiaries are mill members, Velocity Partnership clients in the three-county area, and Indiana University students and investors. No sub-awards are planned under this Project Grant award.

Purpose

The purpose of this project is to launch and accelerate startups. To provide access to the entrepreneurial community, training, mentors, and capital.

Activities

Investor recruitment, investor education, startup recruitment, startup funding & mentoring, public relations and marketing. For complete details see project narrative.

Expected outcomes

A thriving ecosystem of industry-leading tech and cybersecurity startups, led by diverse founders and staffed by diverse populations, providing high-tech jobs paying high wages.

Intended beneficiaries

Mill members, velocities clients (entrepreneurs and startups based in the three-county area served by the velocities partnership) indiana university students and investors.

Subrecipient activities

The recipient does not intend to sub-award funds.