The Department of Commerce Economic Development Administration (EDA) awarded the University of Florida a $3,024,924 Project Grant under the EDA's BUILD TO SCALE federal grant program (CFDA 11.024). The grant will support the University's 10-in-5 program, which aims to identify and nurture ten high-growth minority-owned tech startups that achieve a collective valuation of $1B over five years. Specifically, the 10-in-5 program will provide business training, mentoring, and resources to 100 entrepreneurs, with the goal of identifying ten companies for high growth. Ninety entrepreneurs will receive support for business operations, ideation, and leadership training. Florida International University will serve as a sub-awardee, developing and scaling inclusive tech incubator programs to increase the number of Black, Latinx, and women-led tech ventures in Florida. The grant period runs from October 1, 2021 to September 30, 2024.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.5m | 9/21/21 |
Grant Number | Description | Subgrantee | Prime Award | Dollars Obligated (Click to sort descending) | Updated At (Click to sort ascending) |
|---|---|---|---|---|---|
SUB00002956S | Florida International University | Project Grant ED21HDQ0240105 | $749.9k | 3/31/22 |