Project Grant ED22HDQ0240160
- The Economic Development Administration awarded a $655,215 Project Grant to Idea Foundry under the BUILD TO SCALE federal grant program (CFDA #11.024) to launch an investment initiative in Southwestern Pennsylvania from October 1, 2021 to September 30, 2024. The initiative will catalyze growth-stage investment into high-growth potential companies in the region to address declines in early venture capital availability. Idea Foundry will directly match and connect later-stage startup companies...
- 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...
- This $7.39 million Project Grant from the Department of Commerce Economic Development Administration funds the Proof-of-Concept and Startup Services Initiative through the BUILD TO SCALE federal grant program. Administered by The Pennsylvania State University, the initiative provides three no-cost entrepreneurial support services to further grow the ecosystem in Central Pennsylvania. It restarts Penn State's successful Proof-of-Concept program to enhance commercialization of university research....
- This $3 million Economic Development Administration (EDA) Project Grant funds the Pacific Northwest Scalable Technology Startup Business Capital Fund Development Project administered as a strategic partnership between Regional Accelerator & Innovation Network (Rain Catalysts) and the Portland Seed Fund. The project aims to elevate and invest in scalable technology startups led primarily by Pacific Northwest women and Black, Indigenous, and People of Color (BIPOC) founders through Rain...
- This $1.4 million Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program funds the Southern California Venture Pipeline (SVP) Capital Fund Development Project. The Alliance for Southern California Innovation will review startup applications, vet companies, and forward qualified deals to an evaluator panel. Roughly 75% of applicants will need mentorship to prepare for future funding rounds. Startups selected by the panel will pitch to a...
- This $1.2 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Diversify-Connect-Fund Project to support the entrepreneurial ecosystem in Greater Charlottesville, Virginia. The two-year project aims to improve outcomes for underrepresented startup founders and investors. Key services include an Angel Academy program modeled after an accelerator to provide outreach, recruitment, selection and six-to-eight week training...
- The U.S. Department of Commerce Economic Development Administration (EDA) awarded an $8.625 million Project Grant under the Economic Adjustment Assistance (CFDA 11.307) program to Innovatepgh, doing business as Startuptown, to strengthen the robotics and autonomy cluster in Southwestern Pennsylvania. The funding will support five projects that expand workforce training in robotics and artificial intelligence careers and support technology adoption by small and medium enterprises. This includes...
- The Economic Development Administration awarded a $2.17 million Project Grant to Vilcap, Inc. to develop lasting investment infrastructure for technology startups led by founders of color in the Southeast region of the United States. Under the Resource Invests initiative funded through the agency's BUILD TO SCALE program (CFDA #11.024), Vilcap will work with the Black Innovation Alliance from November 2022 to April 2024 to launch infrastructure and a replicable model to improve...
- This $3 million EDA Project Grant funds Launch New York, Inc.'s Launch NY #InvestLocal Scale Up project. The project aims to identify, support, and invest in high-growth, scalable companies that can transform the local economy through job and wealth creation in 27 upstate New York counties. It will optimize follow-on capital investments to 80 existing portfolio companies and make new first-time investments. The project will advance Launch NY's financing programs, including recapitalizing its...
- This $3,060,344 Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program funds the Stitchcrew Vest Her Ventures project. The project establishes one of Oklahoma's first accelerators to connect traditionally overlooked entrepreneurs with capital, networks, and resources needed to build and scale companies. It provides executive coaching to over 100 members annually and uses its extended network as a talent bank and trusted pipeline. Stitchcrew and...
THIS EDA INVESTMENT FUNDS THE SCALING NETWORKS IN SOUTHWESTERN PENNSYLVANIA PROJECT, TO HELP DEEPEN, STRENGTHEN AND CROSS-POLLINATE NETWORKS OF MENTORS, CORPORATE PARTNERS, INVESTORS, AND SUPPLY CHAIN PARTNERS FOR MORE SCALABLE DELIVERY OF ENTREPRENEURIAL SERVICES TO STARTUPS, WHILE ALSO ADDING SPECIFIC EXPERTISE IN-HOUSE TO ADDRESS THE ABOVE-MENTIONED CHALLENGES. THE PROJECT WORK INCLUDES MAKING NETWORKS OF MENTORS, INVESTORS, CORPORATE PARTNERS, MANUFACTURING SUPPLIERS, AND TECHNICAL SUPPORT PERSONNEL FROM THE RESPECTIVE NETWORKS OF IW AND CMU COLLECTIVELY ACCESSIBLE TO COMPANIES IN THE REGIONAL ECOSYSTEM; EXPANDING THE NETWORKS AND ENTREPRENEURIAL SUPPORT PROGRAMS TO ADD DIVERSITY IN SKILLS AND BACKGROUNDS, WITH GREATER SECTOR-SPECIFICITY, DIGITAL COMMUNITY SUPPORT, AND A PLATFORM APPROACH TO BRING MENTOR NETWORKS TOGETHER; BROADENING ENTREPRENEURIAL TRAINING PROGRAMMING, SPECIFICALLY SUPPORTING MORE BUSINESSES LED BY DIVERSE FOUNDERS (WOMEN, PEOPLE OF COLOR, AND ENTREPRENEURS FROM RURAL COMMUNITIES), WHILE ADDING WORKSHOPS ON KEY AREAS OF COMMERCIALIZATION; AND CREATING STRONGER ON-RAMPS FOR STUDENTS FROM DIVERSE BACKGROUNDS AND OTHER INDIVIDUALS INTERESTED IN ENTERING THE ENTREPRENEURIAL WORKFORCE, WITH STEM-RELATED INTERNSHIPS, ENTREPRENEURIAL EDUCATION SESSIONS, AND HUMAN RESOURCES SUPPORT THAT HELPS STARTUPS CREATE A DIVERSE STAFF AND INCLUSIVE WORK ENVIRONMENT. ONCE IMPLEMENTED, THESE ACTIVITIES WILL WORK TO ADDRESS SIGNIFICANTLY INCREASED STARTUP DEMAND, A NEED OF STARTUPS FOR MORE SPECIALIZED SUPPORT, AND THE LACK OF DIVERSITY IN THE TECHNOLOGY ECOSYSTEM.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $2.0m | 9/2/25 | ||
| Not listed | $2.0m | 9/21/22 | ||
| Not listed | $2.0m | 9/21/22 |
GrantNumber | Description | Subgrantee | Prime Award | Dollars Obligated | Updated At |
|---|---|---|---|---|---|
1S | Carnegie Mellon University | Project Grant ED22HDQ0240160 | $800.0k | 4/1/23 |